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

Location

The property is situated in the heart of Stroud's vibrant town centre on Russell Street, close to the pedestrianised retail zone and site of increasingly popular Farmers Market. It's position benefits from a high level footfall and traffic flow passing through the town.

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 substantial period terraced building with 2 retail units on the ground floor, each providing staircase access to the upper floors which currently provides a considerable number of rooms previously used for offices and storage. There are additional rooms added at later dates offering huge scope for redevelopment. The property further benefits from pleasing views (front and rear) from the upper floors.

The current owners commissioned an architect to undertake an extensive appraisal for the redevelopment of the property to provide e a single commercial unit on the ground floor with flats above. Their architect's plans submitted to support a Pre-Application for Planning Consent are available by email on request.

Accommodation (all areas, where quoted, are approximate).
Description Sq ft M₂
Ground floor (including basement) 1628 151.2
First floor 1157 107.5
Second floor 596 55.4
Total 3381 314.1

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.

Freehold price

The property is offered for sale freehold with vacant possession and offers are invited based on a guide price of £295,000 exclusive.

Costs

Each party to be responsible for paying their own legal costs associated with any transaction.

EPC

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