Office for sale in Lodgemore Lane, Stroud, Glos GL5

Offers over £600,000 (£54.55/sq. ft)
Interested in this property? Call +44 1453 571799 * or Request Details

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Office for sale 11,000 sq. ft*

Property description

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

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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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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