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Retail Units & Shops

Gloucestershire

Gloucester

property

40/44 Kings Walk & 29/33 Clarence St, Kings Walk Shopping Centre, and Associated properties - Picture 1

Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

40/44 Kings Walk & 29/33 Clarence St Gloucester, GL1 1RY

Use Class

E(a)

Rent pa

£100,000

Market Sector

Shopping Centre

Description

The unit is situated in a prominent and busy location fronting Kings Square forming part of the Kings Walk shopping centre. Nearby occupiers include Debenhams Department Store, CEX, River Island, Iceland and The Entertainer.

Location

Gloucester is a cathedral city with a resident population of 124,000 and is located 9 miles South West of Cheltenham and 36 miles North of Bristol. Major retailers located in the city centre include Debenhams Department Store, BHS, Marks & Spencer, Primark etc

Key Information

Viewing

Strictly by appointment.

Accommodation

Dimensions

Feet

Metres

Gross Frontage

16.8

Return Frontage

16.5

Shop Depth

147

44.8

Areas

Sq.Ft

Sq.M

Ground Floor Sales

6,977

648

First Floor Storage (front)

1,113

103

First Floor Storage (rear)

1,337

124

Downloads

Brochure

40/44 Kings Walk & 29/33 Clarence St, Kings Walk Shopping Centre, Gloucester - Brochure 2017-04-25-14-56-54

Financial

Lease Type

New Lease

Lease Term

The property is available by way of a new 10 year full repairing and insuring lease with a single upward only rent review at the end of the 5th year of the term.

Rent

Subject to contract, rental offers are invited in the region of £100000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

£24,108 per annum

Tenure

Leasehold

Rates

Rateable Year:

2017

Rateable Value:

£74,000.00

Rates payable:

£36,779.00

UBR:

49.7p/£

Sustainability

Energy Performance Certificate

This Property is Part of a Shopping Centre

Kings Walk Shopping Centre

Kings Walk is the dominant retail centre in Gloucester, comprising 180,00 sq ft of prime retail space. Major retailers include Primark, River Island and WH Smiths. The enclosed shopping centre comprises 40 stores, anchored by strong fashion retailers including River Island, BHS and Primark, together with a range of catering options ranging from ‘grab & go’ through to ‘sit in’ cafes and dining areas, leading onto Kings Square. Kings Square has now opened following the £5m refurbishment.

Strutt & ParkerCushman & WakefieldLM Real Estate

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.