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Retail Units & Shops

Gloucestershire

Gloucester

property

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.

Unit 19 - 47/51 Eastgate Street (2 Kings Walk) Gloucester, GL1 1RY

Use Class

Size

0 sq ft

Rent pa

£65,000

Market Sector

Shopping Centre

Description

The property is situated in a prime trading location within the busy covered Kings Walk shopping centre close to its main Eastgate Street entrance. The property adjoins Ann Summers and The Cooperative and other nearby occupiers include Primark, WH Smith, Superdrug, Claires, Game and HMV.

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.

Key Information

Viewing

Strictly by appointment.

Accommodation

0 Sq.Ft

Dimensions

Feet

Metres

Gross Frontage

5.79

Internal Width

18.1

5.52

Shop Depth

81.8

24.9

Areas

Sq.Ft

Sq.M

Sales Area

1,387

128

First Floor Storage/Staff

593

55.1

Downloads

Brochure

Unit 19 - 47/51 Eastgate Street (2 Kings Walk), Kings Walk Shopping Centre, Gloucester - Brochure 2017-04-25-11-26-37

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 £65000 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

£19,710 per annum

Tenure

Leasehold

Rates

Rateable Year:

2017

Rateable Value:

£60,500.00

Rates payable:

£30,069.00

UBR:

49.7p/£

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.