Retail premises to let in High Street, Stroud, Glos GL5

Location

The property is located in the busy High Street, with adjacent retailers including Th e Card Factory, Clarks Shoes, cex Computer Games and The Works, being just up from King Street, which links to the acclaimed Five Valleys Shopping Centre.

Description

The property operated as a café prior to the Pandemic. The premises include two upper floors which have not been used in recent times. The Landlord is prepared to offer an incentive to a new tenant which will provide a rent free period reflecting the proposed refurbishment and restoration. The rooms which include some period features could be used as offices, ancillary rooms, meeting rooms etc.

Accommodation (all areas, where quoted, are approximate).
Description Sq ft M₂
Ground floor shop 796 74.0
First floor rooms 575 53.4
Second floor rooms 624 58.0
Total 1995 185.4

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

We are advised that the current Rateable Value is £18,250.
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.

Terms

The property is available by way of anew lease for a term of years to be agreed at a commencing rental of £25,000 p.a. Exclusive.

Nb. The landlord will acknowledge the expenditure involved in restoring and refurbishing the first and second floor accommodation within a Business Tenancy whereby the cost can be credited against the annual rent dependent upon the length of the new lease.

EPC

The property has an EPC rating of D and the Certificate is available upon request.

Costs

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