Development - 7 Parliament Street, Stroud
The property comprises a car workshop totalling approximately 125.9 sq m (1,355 sq ft) and a secure yard with gated entrance. The boundaries are a combination of Cotswold Stone walls and timber fencing.
The site area extends to approximately 0.058 hectares (0.144 acres).
The proposed development will have a combination of exposed red brick and rendered elevations under a zinc and green roof with photovoltaic solar panels. The external windows and doors will be aluminium framed double glazed.
The flats will comprise 4 no. 1 beds and 3 no. 2 beds.
The accommodation in each flat will comprise an open plan living/dining/kitchen area, a bathroom with 3-piece suite or shower room, cupboard and bedroom(s). The flats on the 2nd floor will have a terrace and storage area.
The 2 proposed offices are at first floor level and total 81 sq m (872 sq ft), are open plan with a kitchen point and accessible plan/WC.
The development will be set within a landscaped site with cycle store and communal garden and allocated parking will be provided, a number in the under croft beneath the offices.
Stroud is a busy Cotswold market town with a population of approximately 38,000 and a catchment area of about 105,000, which lies on the A46 Cheltenham to Bath Road.
The town is well placed, being 10 miles south of Gloucester, 12 miles west of Cirencester and 30 miles north of Bristol and road communications via the National Motorway network are provided by Junction 13 of the M5 (4 miles) and to the M4 via either the A46 or via Cirencester and the newly upgraded 419 road to Swindon.
The property is situated on Parliament Street approximately 800m from the Town Centre in a predominantly residential area. It lies a short distance from the Cotswold Playhouse and there are a number of smaller commercial premises in the area with public car parks provided closer to the Town Centre.
Overs are invited in excess of £400,000.
The Rateable Value appearing on the Valuation Office Agency website is £9,100.
Planning consent has been obtained for the "Erection of 7 residential flats (C3) and 81 sq m of office space (Class E (I)". A range of planning documents are available on this website or can be viewed on the Planning Portal on Stroud District Council's website - Planning Ref No: 20/0856/FUL.
The property is offered freehold with vacant possession.
Under the Finance Acts 1989 and 1997, VAT may be levied on the sale price. We recommend that prospective purchasers establish the implications before entering into any agreement.
Each party to bear their own costs incurred in the transaction.
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