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Gloucestershire Business News

Offices - 7 Barton Street, Tewkesbury

7 Barton Street comprises a former retail premises converted to provide a single office building, which is capable of being divided to provide retail and/or office accommodation along with residential accommodation to the upper floors, subject to obtaining the necessary planning consent(s).

The building is Grade II Listed and is of brickwork elevations under a pitched roof. 7 Barton Street benefits from an attractive timber framed shop front, and a basement which is not included in the Net Internal Area, along with two access points via a side alley in addition to the shop front doorway.

Externally, there is a courtyard to the rear of the property.

Location

Tewkesbury is an historic market town located in North Gloucestershire, situated approximately 10 miles to the North of Cheltenham and Gloucester, 48 miles North of Bristol, 45 miles South of Birmingham and 105 miles North West of London.

The town's excellent road communications and attractive working environment have attracted major companies, retailers, and restaurateurs alike.

The premises are located on Barton Street, the principal vehicular route into the town centre from the M5 motorway.

Accommodation

(Approximate Net Internal Floor Areas) Ground floor provides front office/retail area with shop frontage, hallway with stairs to first floor, rear office with feature window, and two access points from the side alley.

First floor provides front office, separate WC's, rear office, stairs to second floor, which comprises three rooms.

Ground floor: 411 sq : 38.20 sq m

First floor: 248 sq : 23.07 sq m

Second floor: 566 sq : 51.66 sq m

TOTAL: 1,215 sq 112.93 sq m

Services

It is understood mains gas, electricity, water, and drainage are connected.

Business rates

The premises are assessed at the following Rateable Value: £6,300. Source: Valuation Office Agency website. See notes below

Method of sale

The Vendor proposes to dispose of the freehold interest on an unconditional basis, providing vacant possession to the purchaser on completion. Proposals are invited based on a guide price of £195,000.

Lease terms

The premises are available by way of a new full repairing and insuring lease, for a term of years to be agreed, and incorporating periodic upward only rent reviews. A rent deposit may be required. Proposals are invited at a commencing rent of £14,000 per annum exclusive.

Insurance

The tenant will be responsible for reimbursing the landlord the cost of the annual building's insurance premium.

VAT

It is understood the property is not elected for VAT.

Legal costs

Each party to be responsible for their own legal costs incurred during this transaction.

Energy performance certificate (EPC)

7 Barton Street is Grade II Listed and is therefore exempt from requiring an EPC.

Viewing

For further information or to arrange a viewing please contact the sole agent: -

John Ryde Commercial

14 Royal Crescent

Cheltenham

GL50 3DA

Tel: 01242 576276 Email: enquiries@johnryde.co.uk

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