Summary
The property comprises substantial former supermarket retail premises of traditional construction, with frontage onto Brewery Car Park and the pedestrianised precinct Farrell Close. The premises are arranged to provide a large open plan retail floor at ground floor level, together with extensive ancillary accommodation to the first floor, including storage, staff facilities and plant areas.
Externally, the property benefits from a rear service yard accessed from Cripps Road, providing servicing and loading facilities together with space capable of accommodating approximately 20 car parking spaces (subject to final layout and occupier requirements). The building offers a flexible layout capable of accommodating a variety of retail, leisure or other Class E uses, subject to any necessary consents.
Key Points
- Former supermarket premises
- Potentially suitable for a variety of retail & leisure uses
- Available on a new lease
Situation
The immediate surroundings comprise a retail neighbourhood high street with a variety of local and national retailers on Castle Street and Cricklade Street. The site is opposite a pay and display Council owned car park, Brewery Car Park, providing 288 standard spaces.
Planning
The property was most recently used as a retail foodstore and therefore may fall within Use Class E under the Town and Country Planning (Use Classes) Order 1987 (as amended). The premises may therefore be suitable for a variety of uses within Class E, including retail, leisure, gym, medical and other commercial uses. Interested parties should make their own enquiries of Cotswold District Council as to the suitability of their proposed use and rely upon their own investigations.
Location
Cirencester is an affluent and attractive historic market town in the Cotswolds, Gloucestershire. The town is 19 miles south east of Gloucester, 17 miles north west of Swindon, 35 miles west of Oxford and 40 miles to the north east of Bristol. Cirencester is known as the ‘Capital of the Cotswolds’ and has a population of 20,000, it’s the largest town in the Cotswold District. The Bathurst Estate have secured planning for 2,350 houses in Chesterton, 1 mile south of the town, which is anticipated to add a further 7,000 residents, increasing the population by over 35%. The town is home to the Royal Agricultural University.
The area has a strong and predominantly affluent demographic profile, with high proportion of residents employed in professional and managerial occupations and levels of home ownership significantly above the national average. Cirencester also exhibits low levels of unemployment relative to national benchmarks, together with above average house prices, supporting a catchment broadly aligned with ABC1 household profiles. The town benefits from good road communications and is equidistant from junction 13 of the M5 and Junction 17 of the M4, which are accessed via the A429 and A417/A419 trunk roads. Kemble train station is 4 miles away and provides a regular service to London Paddington, an approximate journey time of 1 hour 20 minutes.
Terms
Available by way of a new FRI lease for a term to be agreed, subject to 5 yearly upward only rent reviews.