92-96 Westgate St
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92-96 Westgate St
7,368 SF 100% Leased Retail Building Gloucester GL1 2PE $822,774 ($112/SF)
Investment Highlights
- A three-storey building of brick construction under a pitched tiled roof
- The offices have been refurbished throughout
- The accommodation comprises a self-contained retail unit and offices on the ground floor with further offices on the upper floors
Executive Summary
Offers in the region of £650,000 are invited for the freehold interest in the property, subject to the occupational tenancy in place.
The ground floor of No. 96 is occupied by G. H. E Phillips (Fabrics) Limited t/a Janes Pantry and terms have been agreed to renew their lease for a period of 10 years at a rent of £7,800 per annum. The proposed lease is to be on an internal and insuring basis and include a tenant’s break clause and rent review on the 5th anniversary of the term. Further information available upon request.
The accommodation in the retail unit extends to approximately 56.7 sq m (610 sq ft) and comprises the main sales area with storage and ancillary facilities.
Ground floor - 1,882 SQ FT
First floor - 1,560 SQ FT
Second floor - 1,532 SQ FT
The ground floor of No. 96 is occupied by G. H. E Phillips (Fabrics) Limited t/a Janes Pantry and terms have been agreed to renew their lease for a period of 10 years at a rent of £7,800 per annum. The proposed lease is to be on an internal and insuring basis and include a tenant’s break clause and rent review on the 5th anniversary of the term. Further information available upon request.
The accommodation in the retail unit extends to approximately 56.7 sq m (610 sq ft) and comprises the main sales area with storage and ancillary facilities.
Ground floor - 1,882 SQ FT
First floor - 1,560 SQ FT
Second floor - 1,532 SQ FT
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
7,368 SF
Building Class
B
Year Built
1972
Price
$822,774
Price Per SF
$112
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.67
Land Acres
0.06 AC
Frontage
84 FT on Westgate Street
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Simon Mckeag -
ASH & CO
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92-96 Westgate St
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