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Gloucestershire Business News

15 Commercial Road, Gloucester

Description:

The property stands in an end terrace/corner position and is built of brick and ashlar stone fronted elevations under a flat roof behind a parapet wall incorporating single glazed sash windows to the upper floors and a glazed retail frontage to all elevations on the ground.

The ground floor comprises a self-contained shop with cellar (cellar not inspected).

The upper floors comprise two separately accessed, two-bedroom flats (not inspected).

Energy Performance Certificate: The property has energy efficiency ratings of shop F (147), Flat 1 D(56) and Flat 2 E(44).

Location details:

The property is located in a highly visible position at the junction of Commercial Road and Southgate Street (A4301), less than a quarter of a mile from The Cross, the historic centre of the City, and a couple of minutes' walk from The Docks, adjacent to which is Gloucester Quays Outlet Shopping Centre.

The immediate locality has seen substantial improvements over the last couple of years, with the refurbishment of a number of buildings, and improvements made by the City Council to the surroundings streets, including the introduction of a 'shared space' scheme, new street furniture and public art. City & Country are making preparations for the redevelopment of the former HMP Gloucester and the wider Blackfriars area is the subject of substantial regeneration and development proposals.

Important Notices:

Services, fixtures, equipment, buildings & land:

- None of these have been tested by John Ryde Commercial. Any interested party will need to satisfy themselves as to type, condition and suitability for purpose.

Rating:

Standard Uniform Business Rate Multiplier 2016/2017 49.7 pence in the pound. Small Business Multiplier 48.4 pence in the pound (applicable to Rateable Values under £18,000). Rateable values obtained from www.voa.gov.uk and should be verified by the new occupier. Transitional arrangements, eligibility for the Small Business Rate Relief scheme, or appeals against Rateable Value may affect the bill payable. For further information search 'business rates' at www.gov.uk.

Misrepresentation Act:

These particulars are prepared with care, but are not guaranteed and do not constitute, or constitute part of, an offer or contract.

Intending purchasers must sasfy themselves of these particulars' accuracy by inspection or otherwise, since neither our client nor John Ryde Commercial shall be responsible for statements or representations made.

Our client does not make or give and neither John Ryde Commercial nor any person in their employment has any authority to make or give any representation or warranty in relation to this property.

Accommodation:

(approximate Net Internal Areas)

Ground floor shop: 612 sq E (56.9 sq m)

First & second floor flats not inspected.

Tenancies:

The ground floor shop is let by way of a lease for a term of years expiring on 25 July 2017 to Mr B Crosby trading as 'Westend Framing & Art' at a rent passing of £10,200 per annum exclusive.

The lease is within the security of tenure provisions of the Landlord and Tenant Act 1954. The ground floor tenant has indicated to our client that, in principle, he would like to renew his lease, for a term of years to be agreed, at a rent of £12,500 per annum exclusive.

The upper floor flats are each let on Assured Shorthold Tenancies, at rents of £450 per flat per calendar month.

Business Rates & Council Tax:

The shop is listed with a rateable value of £2,150.

Draft 2017 rateable value £2,550. The two flats are each listed as Council Tax Band A. Source: voa.gov.uk.

Method of sale:

The premises are offered for sale on a freehold basis subject to the tenancy interests mentioned above.

Price Guide:

Offers are invited based on a price guide of £320,000 exclusive.

Legal Costs:

Each party are to be responsible for their own legal costs arising from this transaction.

Contact:

John Ryde Commercial 

Tel: 01242 576276

Email: enquiries@johnryde.co.uk 

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