Retail premises for sale in George Street, Stroud, Glos GL5

£240,000 (£158.94/sq. ft)
Retail premises for sale 1,510 sq. ft*
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Property description

Location


The property is situated in Stroud town centre, with an excellent profile to the road which benefits from a good level of pedestrian flow together with the advantage of some parking. The premises are next door to hsbc and the use as an opticians is well established and has been in place for over forty years.

Stroud is the third largest town in Gloucestershire with an excellent demographic catchment and recently named best place to live in the UK by the Sunday Times. The larger centres of Cheltenham, Gloucester, Bristol, Bath and Swindon are all easily accessible by road and rail.


Description


The property comprises a period three storey terraced building of traditional construction. The existing tenant has a lease on the whole of the property. With a side passageway there is the ability to create a self-contained apartment if the tenant wishes to concentrate upon the ground floor only. With the previous lease having expired it is likely that through negotiation with the tenant that a scheme could be devised to benefit both freeholder and leaseholder subject to the obvious negotiations needed to progress the project.

Accommodation (all areas, where quoted, are approximate).
Description Sq ft M₂
Ground floor 653 60.66
First floor 526 48.86
Second floor 331 30.75
Total 1510 140.27


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.

Services


All mains services are believed to be connected or available.


Tenure


The property is freehold

tenancies (business unaffected by the sale)
The property has been subject to a full repairing and insuring business tenancy with a rent passing for the whole of the premises. The lease has expired, and the Tenant is therefore ‘holding over’ and is secure under the provisions of the Landlord & Tenant Acts.


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: £240,000, Exclusive, Subject to Contract. A purchase at this price represents a niy of 6.5% allowing for reasonable Purchaser’s costs.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Hawkins Watton Limited, GL5 on +44 1453 571799 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hawkins Watton Limited, and do not constitute property particulars. Please contact Hawkins Watton Limited for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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