38 London Road

The property is an end terrace building fronting the London Road and is of brick construction under a pitched tiled roof. The front section is three floors and there is a two-storey extension to the rear.

The accommodation includes a self-contained retail unit on the ground floor with fully glazed frontage and a 3-bedroom floor above. Access is provided to the upper floors from the rear.

The property is occupied as follows:

Ground Floor

Let to Charmed Hair & Beauty at a rent of £800 per month for a period of 5 years with a break clause on the 3rd anniversary.

First Floor

Let on an AST at a rent of £650 per month.

40 London Road

No. 40 is a detached two-storey building of brick construction under a flat roof. The accommodation includes an office/store on the ground floor with a 1 bedroom self-contained flat at first floor level.

Externally parking is provided to the side and rear of the property.

The property is occupied as follows:

Ground Floor

Vacant.

First Floor

Let on an AST at a rent of £500 per month.

An EPC is being prepared.

Location:

Gloucester is located approximately 9 miles (14.5 km) west of Cheltenham, 35 miles (56.2 km) north of Bristol, 55 miles (88.5 km) south of Birmingham and 100 miles (161 km) 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 share a local airport at Staverton, approximately 8 miles away. The property is situated on the London Road in a mixed residential and commercial area.

Accommodation:

38 London Road

Ground Floor: 68.46 sq m (737 sq ft)

First and Second Floors: 102.36 sq m (1,098 sq ft)

Total: 170.82 sq m (1,835 sq ft)

40 London Road

Ground Floor: 59.69 sq m (643 sq ft)

First Floor: 57.07 sq m (614 sq ft)

Total: 116.76 sq m (1,257 sq ft)

Price:

£495,000

Rates:

The Valuation Office Agency website lists the following:

No. 38

Rateable Value: £5,500

No. 40

Rateable Value: £3,200

Rate in £ 2021/2022: 0.499

Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.

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

Planning:

The properties have been used for a range of uses including retail, a workshop, storage and residential which fall within Classes E (previously B1), B8 and C3 of the Use Classes Order 1987.

Terms:

The property is offered freehold, subject to the occupational tenancies in place. Consideration will be given to the individual sale of No. 40.

VAT:

The property is not elected for VAT.

Legal costs:

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

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242