23A Aldate Street, Gloucester, GL1 1RP

LOCATION
The premises are situated fronting Kings Square which has recently undergone a major redevelopment. The link below shows details of the various exciting developments taking place which include the conversion of Debenhams by Gloucester University.

DESCRIPTION
The premises comprise ground floor and basement accommodation, with parking/loading facilities at the rear from basement level. The property was formerly occupied by CO-OP Bank but will be ideal for retail, convenience store, restaurant, coffee shop, leisure once the redevelopment works have been completed, subject to the necessary planning consents being obtained if required.

ACCOMMODATION
Approximate internal dimensions and areas are detailed below:

GROUND FLOOR
INTERNAL WIDTH FRONT 24'0" 7.3 m
INTERNAL WIDTH REAR (AVERAGE) 31'0" 9.4 m
SHOP DEPTH 67'0" 20.4 m
GROSS GROUND FLOOR AREA 1800 sq ft 167 sq m
BASEMENT
GROSS BASEMENT FLOOR AREA 1840 sq ft 171 sq

LEASE
The property is available by way of a new fully repairing and insuring lease for a term of years to be agreed upon.

RENTAL
Year One -£15,000; Year Two-£20,000.
Years Three, Four & Five - £25,000 pa (exclusive of rates)

RATING ASSESSMENT
We are advised that the rating assessment is as follows:
Rateable Value: £21,250.
Please contact the Local Authority for further information.

ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 135 (Band F). A copy of the certificate is available upon request.

BUILDING INSURANCE
The ingoing tenant will be responsible for the payment of a contribution towards the building insurance for the whole building.
For the year 2022/2023 the tenant contribution is £230.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is payable on the rental, however, interested parties are advised to make their own enquiries.