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Gloucestershire Business News

Investment - 50 London Road, Stroud

The property comprises a mid-terrace three storey building of rendered brick construction under a pitched tiled roof.

The accommodation has offices on the ground and first floors and basement with a 1 bedroom flat on the second floor. 

The upper floors are accessed from the front of the building with the ground floor having a separate entrance and the basement is accessed from the rear of the property.

It has been refurbished throughout including a new gas fired central heating system, new electrics throughout, Cat 6 cabling, carpets and decor.

The flat has an open plan kitchen/living area, double bedroom, shower room and storage cupboard.

The flat has an EPC rating of E-41. Certificate Ref No: 2048-4911-6270-5738-2080.

Tenancies:

Lower ground floor:

Vacant.

Quoting rent - £3,000 per annum exclusive.

Ground and first floor offices:

Let to Frowens Estate Agents.

£12,000 per annum exclusive.

Second floor flat:

Tenancy in place from 15th January 2020.

£525 per month.

Copies of the tenancy agreements are available upon request.

Location details:

Stroud is located in the heart of the picturesque Stroud Valleys and combines an excellent location with a pleasant working environment.

It is well positioned with access available to the Motorway at Junction 13 of the M5 (5 miles) and to the South, the A46 links to Junction 13 of the M4 (18 miles).

The property is predominantly situated on London Road, close to the junction with Corn Hill, approximately 300 metres from the High Street. There is a public car park situated a short distance away behind Brunel Mall.

Accommodation:

Approximate net internal areas

Lower ground floor:

Office and storage

35.3 sq m (380 sq ft)

Ground floor:

Office and kitchen

38.0 sq m (409 sq ft)

First floor:

Offices

33.1 sq m (357 sq ft)

Second floor:

Flat comprising 1 bedroom, kitchen/living area, shower room and storage cupboard.

Bedroom

3.84m x 3.49m

Bathroom

2.78m x 1.93m

Kitchen/lounge

3.74m x 3.52m

Shower room -

WC -

Total Net Internal Area: 137.8 sq m (1,483 sq ft).

Rates:

The entries appearing on the Valuation Office Agency website are as follows:

Rateable Value:

Ground and first floors: £5,500

Basement: £290

The flat has not been assessed for Council Tax purposes.

Planning:

The property has been used for offices and residential which fall within Classes A2, B1 and C3 of the Use Classes Order 1987.

Terms:

The property is offered freehold subject to the tenancies outlined.

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the price. We recommend that prospective purchasers establish the VAT implications before entering into any agreement.

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

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