Unit 5, Eastern Avenue Retail Park, Gloucester
Gloucester, GL4 3BY

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Huw Thomas

The Agent

Huw Thomas
Director

02920 346312
Brochure

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Specification

  • RETAIL
  • 10,000 sqft (929 sqm)
  • To let
  • £125,000 per Annum

Description

Eastern Avenue Retail Park is located on the eastern side of the A38, which is a dual carriageway and forms part of Gloucester’s outer ring road which connects with both the A40 and A417. Average daily traffic flow is 36,000. Eastern Avenue is Gloucester’s principle retail warehousing location and other occupiers on the Park are Currys/PC World(committed until 2029), Harveys, Proper Job Superstore Ltd and Pizza Hut. Other occupiers along Eastern Avenue include Lidl, Halfords, B&M, Pure Gym, The Range, Screwfix, Magnet, Smyths, McDonalds and various trade counter, self storage and car dealerships. 265 car parking spaces are provided on the Park.

DESCRIPTION

The unit comprises a retail warehouse, providing a large trading area, rear storage, staff facilities and rear servicing.

TERMS

Subject to vacant possession, the unit is available to let via a new lease for a term to be agreed and five yearly upwards only rent reviews, on effective full repairing and insuring terms. The current annual service charge for the unit is £6,626.30.

Quoting Rent £ 125,000

RATEABLE VALUE

The 2017 Rateable Value for the unit is:

Rateable Value £139,000
Rates Payable (2018/19) £70,056

Interested parties are encouraged to make their own enquiries with the Local Rating Authority.

ACCOMMODATION

The unit provides the following approximate areas :

Gross Internal Area 929.03 sq m 10,000 sq ft

Consideration may be given to splitting the unit.

PLANNING

The unit is able to be used for bulky goods for the sale of carpets, furniture, electrical goods and DIY maintenance, improvement products for the home, garden and car. Other uses will be considered on a subject to planning basis.

EPC RATING

C - 55

VAT

VAT is payable to the rent.

LEGAL COSTS

Each party to bear its own legal costs in dealing with this transaction.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.