Industrial development for sale
Property description & features
- Tenure: Freehold
- PRICE REDUCED TO £300,000 at this level reflects a gross yield of 8.33% and a net yield of 8.09% after purchasers costs of 3%.
- Tenancy in place.
- Refurbished to a high standard.
- Restaurant with fully fitted commercial kitchen.
- Kitchen includes extraction equipment.
- Rear entrance off Bull Lane.
All of the services have been upgraded and the property has been finished to a high specification throughout. The retail unit has a fully glazed frontage and is accessed off Westgate Street with an entrance to the rear off Bull Lane.
TENANCY
The property is let to Hieu Van Pham, Dat Hong Nguyen & Nguyen Quang Auh for a period of 5 years from 9th November 2021 at a rent of £25,000 per annum on a full repairing and insuring basis. The lease includes a rent review and break clause on the 3rd anniversary of the term. The lease includes a summary of the equipment that belongs to the landlord.
The property is situated in a prominent position on Westgate Street within close proximity of the Cathedral and approximately 100m from Gloucester Cross, which is traditionally regarded as the City centre. Occupiers in the immediate area include McDonalds, The Works, Coventry Building Society and a range of local businesses. Gloucester is well connected to the motorway network, being served by three junctions of the M5; junction 11 provides access via the A40 (3 miles), junction12 to the south (5 miles) and junction 11a (3 miles) connects to the Brockworth Bypass, Cirencester/Swindon and the M4 motorway at junction 15 (34 miles).
Property information from this agent
Places of interest
Ash Chartered Surveyors - Gloucestershire
3 Pullman Court, Great Western Road Gloucestershire GL1 3ND
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Property reference 145294-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ash Chartered Surveyors - Gloucestershire.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area
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