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Gloucestershire Business News

£350,000 - 135 Barton Street, Gloucester

No. 135 is an end of terrace three storey building of brick elevations with part stone clad under mainly pitched tiled roofs with a flat section to the rear.

There is a part single, part two storey extension to the rear with brick elevations and a mixture of tile and metal sheet roof. part rendered elevations under a double pitched tiled roof.

The ground floor commercial unit has a fully glazed shop front, and the accommodation includes a retail area to the front with private offices and WC to the rear.

 To the rear of the shop is a dilapidated former warehouse which is accessed off the adjacent road.

The upper floors are also accessed off the adjacent road and each floor comprises a 2-bedroom flat with living room, kitchen and bathroom.

There is no allocated parking.

Tenancies:

The retail unit is let to Manoj Jacob for a period of 5 years from 1st September 2020 at a rent of £6,000 per annum on a full repairing and insuring basis.

The lease includes rent reviews on each anniversary of the term and break clauses on the 1st and 2nd anniversaries of the term.

The Storeroom is vacant.

Both flats are let on Assured Short hold Tenancies (ASTs) at rents of £500 per month.

Copies of the Tenancy Agreements are available upon request.

EPCs: The flats are Rated within Band D and an EPC is being prepared for the shop.

Location:

Gloucester is located approximately 9 miles west of Cheltenham, 35 miles north of Bristol, 55 miles south of Birmingham and 100 miles west of London. Access to the motorway network is available at Junctions 11, 11A and 12 of the M5 and Junction 15 of the M4 at Swindon.

The link to the M4 is via the A417/A419 trunk road. Gloucester Railway Station provides direct services to London with journeys taking just under two hours, and both Gloucester and Cheltenham.

The property is situated on the northern side of Barton Street, adjacent to Gothic Cottages in a busy local shopping area serving the surrounding densely populated residential area.

Accommodation:

Approximate net internal

Ground Floor

Retail unit: 55.52 sq m (598 sq ft)

Rear store: 70.29 sq m (757 sq ft)

Total: 114.50 sq m (1,232 sq ft)

First Floor

2-bedroom flat with living room, kitchen and bathroom

Second Floor

2-bedroom flat with living room, kitchen and bathroom.

Rates:

A search on the Valuation Office Agency website has revealed the following entry:

Description: Shop and Premises

Rateable Value: £4,100

Both flats are listed within Band A for Council Tax purposes.

Planning:

The ground floor retail unit has been used as an office within Class E Of the Use Classes Order 1987.

The residential flats fall within Class C3. The storage unit may suit a variety of uses and a change of use would be required.

Terms:

The property is offered freehold subject to the occupational tenancies in place.

VAT:

The property is not elected for VAT purposes.

Legal costs:

Each party to bear their own legal costs incurred in the transaction.

Contact:

Ash Chartered Surveyors 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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