4-6 Eastgate Street, Gloucester | Property for sale | Savills
Guide price £600,000

4-6 Eastgate StreetGloucester

  • Sole agency
  • Freehold
Investment
Yield 16%Yield

Key features

  • Prime, High Yielding Retail Investment
  • Let to Onebeyond Retail Limited
  • Net Rent of £97,751 per annum
  • Approximately Four Years Unexpired
  • Tenant Option to Renew for Five Years
  • 13,154 sq ft (1,222.01 sq m)
  • Established and Popular Location
  • Guide Price Reflects 19.5% Gross Yield on Rent Receivable

Of Interest to Investors Prime, High Yielding, Retail Investment Fully Let to Onebeyond at a Net Rent of £97,751per annum with Approx Four Years Unexpired

About this property

  • The property comprises a high yielding retail investment situated on the principal retail street in Gloucester. Arranged across ground, first and second floors, the property is let in its entirety to Onebeyond Retail Limited producing a Net rent of £97,751 The lease is for a term of five years expiring 28/09/2027 and includes a tenants option to renew for a further five years. The lease also provides for a reduction in rent to reflect the business rates payable on the property. We therefore understand the current rent receivable is £97,751 per annum. The property benefits from a prominent frontage to Eastgate Street; the principal, pedestrianised, retail street in Gloucester.

Additional information

  • The property is let in its entirety to Onebeyond Retail Limited producing a gross rent of £164,823. The lease is for a term of five years expiring 28/09/2027 and is on full repairing and insuring terms. The lease also includes a tenants option to renew for a further five years.
  • Whilst the Gross Rent is £164,823 per annum, the lease allows for a reduction in rent equivalent to the business rates payable. We therefore understand the current net rent receivable to be £97,751 per annum