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Gloucestershire Business News

38 High Street, Stonehouse, GL10 2NA

Description:

The property comprises a single storey semi-detached building which is currently being used as an estate agents office.

Internally the premises comprises of a front sales area with a separate meeting room, WC and kitchen with access from the front and rear.

The property benefits from planning consent for the construction of two upper floors above the existing retail space to create four residential units.

Location:

Stonehouse is conveniently located close to Junction 13 of the M5 which provides easy access to the M5/M4 corridor including Bristol, Birmingham and South Wales.

The property is located on Stonehouse High Street at the heart of the town's vibrant and busy High Street which is able to attract a relatively high number of customers and visitors.

Accommodation:

The existing ground floor retail accommodation comprises of 608 sq ft (56.51 sq m) net internal area in accordance with the RICS Code of Measuring Practice (Sixth Edition).

Planning:

The property benefits from planning consent for the construction of two upper floors above existing commercial premises to create residential units and ground floor extension to commercial premises (Reference S.09/1543/FUL).

Details of the planning consent are available upon request.

Tenure:

The property is to be sold freehold, with the benefit of a lease of the ground floor for an unbroken term of 10 years subject to a rent review after the fifth yearly anniversary of the term at a commencing rent of £12,000 per annum exclusive.

Price:

£225,000 exclusive.

Legal costs:

Each party to be responsible for paying their own legal fees associated with the transaction.

Services:

Alderking are advised that all main services are connected to the premises and confirm that they have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.

Legal costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

EPC:

Awaiting certificate.

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the rent.

Alderking recommends that the prospective tenants establish the implications before entering into any agreement.

Important notice:

These particulars do not constitute any offer of contract and although they are believed to be correct, their accuracy cannot be guaranteed and they are expressly excluded from any contract.

Viewing arrangements:

For further information or to arrange an inspection, please contact the agents.

Vicki Grimshaw: 01452 627131. vgrimshaw@alderking.com 

John Hawkins: 01452 627135. jhawkins@alderking.com 

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