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The property comprises a high yielding retail investment situated on the principal retail street in Gloucester.
Arranged across ground and first floors, the property is let in its entirety to Hutchison 3G UK Ltd (t/a Three) on a five year lease commencing 01/11/2023 and paying a rent of £31,000 per annum.
The property benefits from a prominent frontage to Eastgate Street; the principal, pedestrianised, retail street in Gloucester.
Tenure
Freehold
Tenancy
The property is let in its entirety to Hutchison 3G UK Ltd (t/a Three) on a five year lease commencing 01/11/2023 and paying a rent of £31,000 per annum. The lease is on full repairing and insuring terms and includes a tenants break option in the third year.
Hutchison 3G UK Limited
The tenant is generally known as Three Mobile Networks, one of the largest networks in the UK with approximately 4,500 employees across circa 300 stores nationwide.
Rent