Office for sale in Lodgemore Lane, Stroud, Glos GL5

Location

The property is situated adjacent to the River Frome with access from either Chestnut Lane or Lodgemore Lane. The mill sits in the Industrial Heritage Conservation Area, which includes the Stroudwater Canal and the old Stroud Nailsworth railway line (now used as a cycle track and wildlife corridor). The premises are convenient to Stroud town centre.

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 mill provides an attractive selection of offices and studios having been developed over the last thirty years or so. The occupancy rate is high and the take up of vacant space when available is good.

Accommodation (all areas, where quoted, are approximate).
Please refer to the Schedule of Tenancies available upon request.

Services

All main services are connected or available. 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.

Roads

Access is from a private road which extends from Lodgemore Lane on the new lift bridge. Over the canal the road is private subject to maintenance agreements etc and runs to the side of Lodgemore Mill, past the mill pond. The property will then be seen on the left just over the old bridge.

Tenancies

There are twelve Tenants in occupation. The current Gross Rent is £71,954.50 p.a. With an erv of £77,710.00 p.a. A Schedule of Tenants and Rents is available upon request.

Outgoings

The studios and suites are separately rated. As the property is Listed there are no void rates to pay in the case of vacant spaces

Freehold price

Offers invited in excess of: £600,000, Subject to Contract