£1,250,000
(£759.42/sq. ft)
Retail premises for saleThe Maltings, Merrywalks, Stroud GL5
From 1,646 - 7,405 sq. ft
Just added
Freehold
About this property
Excellent high-profile situation in stroud town centre
8 flats – 7 currently let and 1 vacant
Separately accessed, vacant lower floors offering conversion potential (subject to planning)
Description
The property comprises of a substantial period building configured over 4 floors. The upper 2 floors have been converted into 8 flats – 7 of which are currently tenanted. The 2 lower floors which have a separate entrance, are currently vacant and have a commercial use being last used as a clinic. These 2 floors could either be let in their current use or potentially be converted to provide more flats, subject to obtaining the necessary consents.
Accommodation and rents
Description/Unit Sq ft M2 Current Rent
Ground floor (gia) 2088 194.0 nil
Lower ground floor (gia) 1922 178.6 nil
Flat 1 - 1st floor 403 37.4 £680/mnth
Flat 2 - 1st floor 398 37.0 £695/mnth
Flat 3 - 1st floor 474 44.0 vacant
Flat 4 - 1st floor 474 44.0 £695/mnth
Flat 5 – 2nd floor 377 35.0 £700/mnth
Flat 6 – 2nd floor 463 43.0 £665/mnth
Flat 7 – 2nd floor 398 37.0 £650/mnth
Flat 8 – 2nd floor 398 37.0 £700/mnth
Services
We have not tested any service installations, and any prospective purchaser must satisfy themselves of the availability and condition of any of the mains services connected.
Terms
The property is available to purchase freehold with the benefit of the current tenancies for £1.25 million, exclusive.
EPC
Certificates available upon request.
Costs
Each party will be liable for their own legal costs.
Location
The property is located on Merrywalks in a highly prominent position adjacent to McDonalds (restaurant and drive thru) and close to the rejuvenated Five Valleys Shopping Centre and Vue Cinema.
Directly accessed from the A419, it is conveniently situated close to the prime retail zone and the town’s mainline railway station. Stroud is the third largest town in Gloucestershire and is well placed for the larger centres of Cheltenham, Gloucester, Bristol and Swindon. In addition, both the M4 (J18) and M5 (J13) provide easy access to other parts of the UK.
The property comprises of a substantial period building configured over 4 floors. The upper 2 floors have been converted into 8 flats – 7 of which are currently tenanted. The 2 lower floors which have a separate entrance, are currently vacant and have a commercial use being last used as a clinic. These 2 floors could either be let in their current use or potentially be converted to provide more flats, subject to obtaining the necessary consents.
Accommodation and rents
Description/Unit Sq ft M2 Current Rent
Ground floor (gia) 2088 194.0 nil
Lower ground floor (gia) 1922 178.6 nil
Flat 1 - 1st floor 403 37.4 £680/mnth
Flat 2 - 1st floor 398 37.0 £695/mnth
Flat 3 - 1st floor 474 44.0 vacant
Flat 4 - 1st floor 474 44.0 £695/mnth
Flat 5 – 2nd floor 377 35.0 £700/mnth
Flat 6 – 2nd floor 463 43.0 £665/mnth
Flat 7 – 2nd floor 398 37.0 £650/mnth
Flat 8 – 2nd floor 398 37.0 £700/mnth
Services
We have not tested any service installations, and any prospective purchaser must satisfy themselves of the availability and condition of any of the mains services connected.
Terms
The property is available to purchase freehold with the benefit of the current tenancies for £1.25 million, exclusive.
EPC
Certificates available upon request.
Costs
Each party will be liable for their own legal costs.
Location
The property is located on Merrywalks in a highly prominent position adjacent to McDonalds (restaurant and drive thru) and close to the rejuvenated Five Valleys Shopping Centre and Vue Cinema.
Directly accessed from the A419, it is conveniently situated close to the prime retail zone and the town’s mainline railway station. Stroud is the third largest town in Gloucestershire and is well placed for the larger centres of Cheltenham, Gloucester, Bristol and Swindon. In addition, both the M4 (J18) and M5 (J13) provide easy access to other parts of the UK.
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Monthly repayment
£6,253 per month
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