HSBC, Gloucester

 

1-3 Northgate Street, The Cross, Gloucester GL1 2AP

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Bank
  • Tenure: Freehold
  • Gross Rent: £158,000
  • Lease Term: 15 years from Aug '06
  • VAT applicable?: N
  • Town centre location

Property Description

  • Freehold town-centre bank investment
  • Landmark corner property within a conservation area but not itself listed
  • The premises are arranged as a ground floor banking hall, basement storage and two floors of office accommodation above.
  • The upper floors also benefit from separate access.

Location Description

  • The property is situated in a prominent position on the corner of The Cross, the crossroad of the four prime retailing streets in Gloucester’s pedestrianized retailing pitch.
  • Occupiers close by include Santander, RBS, Yorkshire Bank, Lloyds Bank, Natwest, Vodafone, Marks and Spencer, Mcdonalds and Debenhams etc
  • Gloucester is located approximately 113 miles west of London and is one of the principal commercial centres in the South West of England.
  • The property is situated in a prominent position on the corner of The Cross, the crossroad of the four prime retailing streets in Gloucester’s pedestrianized retailing pitch.
  • Occupiers close by include Santander, RBS, Yorkshire Bank, Lloyds Bank, Natwest, Vodafone, Marks and Spencer, Mcdonalds and Debenhams etc

Additional Notes

  • Second Floor 1,166 sqft.
  • The entire building is let to HSBC Bank Plc for 15 years from August 2006 FR&I for £158,000 p.a.
  • There is a break option in 2021
  • The area totals 7,328 sqft, broken down as follows: Basement 2,159 sqft, Ground floor 2,015 sqft, First Floor 1,988 sqft, Second Floor 1,166 sqft.

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