Office for sale in Russell Street, Stroud, Glos GL5

Location

The premises are prominently and centrally situated on the corner of Russell Street, Rowcroft and Station Road and close to the prime retail zone, and the revitalised Five Valleys Shopping Centre.

Stroud is the third largest town in Gloucestershire with a demographic catchment over 100,000 people. The town benefits from a main line railway connection to London Paddington.

Description

This impressive period building is configured over four floors, all accessible from the front door and spacious lobby/landings and stairwell, as well as the retail unit being accessed separately from Station Road.

The property has previously been a successful multi-let office investment, and now provides an opportunity for conversion of the upper floors whilst maintaining a rental income from the lower and ground floors.

Accommodation (all areas, where quoted, are approximate).
Gia Sq ft M₂
Lower Ground floor 2,431 225.8
Ground floor 2,671 248.1
First floor 2,648 246.0
Second floor 2,351 218.4
Total 10,101 938.3

The net floor area, excluding the central hallways and stairwell is 8,850 sq ft (822.2) m2.

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.

Tenancies

Address Tenant Lease Start Lease End Rent
Part ground Physio Dec 2023 Dec 2028 Yr 1 - £5,500
Yr 2 - £6,000
Yr 3 - £6,500
Part ground (office) DesignBuilder Jan 2021 Jan 2024 £12,000
Part ground & basement Retail Tbc Yr 1 - £15,000
Yr 2+ £17,000

The ground floor retail tenant is in occupation and trading well, but the lease has not been completed.

Terms

Guide Price of £895,000 exclusive. The property is not elected for VAT.

Costs

Each party will be liable for their own legal costs of the transaction.

EPC

Certificate available via the following link: