Retail premises for sale in London Road, Stroud, Glos GL5

Location

The property is situated on the outskirts of Stroud town centre on London Road, being within a small terrace including estate agents and professional offices.

Stroud is the third largest town in Gloucestershire with an affluent demographic catchment of approximately 110,000 people. A key driver for investment in the town is the advantage of a main line railway connection to London Paddington with the station just a short walk from the property. In addition, Stroud is on the crossroads of the A46 and A419 with excellent access to both the M5 and M4 and the nearby centres of Cheltenham, Gloucester, Bath, Bristol and Cirencester.

Description

The property comprises of a four-storey period building, comprising of a self-contained retail premises on the ground floor, currently let to an estate agent, with the upper floors previously

The four flats on the upper floors are separately accessed from the rear and comprise of 3 1-bed flats and 1 studio flat.

Accommodation (all areas, where quoted, are approximate).
The Retail space has a net internal floor area of 65.48 m2 (705 ft2).
The Residential space - we have not had the opportunity to measure the residential accommodation.

Services

We have not tested any of the existing service installations and interested parties are advised to obtain independent specialist advice regarding the condition of the service connections.

Ratings

Interested parties are advised to make their own enquiries to the billing authority to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the rating assessment.

Tenure

The property is freehold

Tenancies

The existing tenancies are as follows:-
Ground floor – let to Perry Bishop on a 10 year lease that commenced in December 2016 with a passing rental of £11,500 p.a.
Flat 1 – let on a periodic tenancy at a rental of £460 pcm
Flat 2 – let on 12 month fixed term lease expiring 13 January 2023 at a rental of £555 pcm
Flat 3 – let on a periodic tenancy at a rental of £565 pcm
Flat 4 – let on 12 month fixed term lease expiring 24 March 2023 at a rental of £595 pcm

EPC

The property is awaiting an EPC rating and the Certificate will be available shortly upon request.

Freehold price

Offers invited based upon guide price of: £575,000, Subject to Contract