Residential investment - 21-25 Brunswick Square, Gloucester
By Matt Hall
For sale by informal tender are five regency townhouses comprising of 18 individual apartments in Brunswick Square, Gloucester.
The terrace is located in Brunswick Square, a Regency style square of predominantly residential properties, and some offices, around a central area of communal landscaped gardens. The location is close to the Gloucester Docks, Gloucester Quays, the City's park and the City centre. The surrounding area has seen significant regeneration over recent years.
The terrace comprises five no. five storey Grade II Listed period townhouses built in c1820, which have been converted into 18 no. self-contained one- and two-bedroom residential apartments.
The terrace fronts onto the south western corner of the square, and is set back from the road and pavement behind wrought iron railings.
To the rear of the terrace is an area of communal gardens and seven parking spaces accessed off Norfolk Street. Internal accommodation comprises 18 no. individual residential apartments accessed via a staircase within each of the townhouses. Two of the apartments (No.21 Flat 1 & No.25 Flat 2) have historically been sold as long leaseholds.
The remainder are currently vacant and generally requiring superficial redecoration.
All flats are independently serviced, and have gas central heating.
It is estimated that the communal gardens and parking land to the rear may offer scope for extension, additional development, and additional parking, subject to planning. There are two trees the subject of a TPO in the rear communal gardens.
Building Flat Floor Beds Area Sq.Ft
21 Flat 2 Ground 1 350
21 Flat 3 First 1 420
21 Flat 4 Second 1 420
21 Flat 5 Third 2 720
22 Flat 1 LG/ Ground 2 750
22 Flat 2 First 1 420
22 Flat 3 Second 1 420
23 Flat 1 LG/ Ground 2 750
23 Flat 2 First 1 420
23 Flat 3 Second 1 420
23 Flat 4 Third 2 1,150
24 Flat 1 LG/ Ground 2 750
24 Flat 2 First 1 420
24 Flat 3 Second 1 420
25 Flat 1 LG/ Ground 2 750
25 Flat 3 Second 1 420
Note: floor areas are approximate only
The above table does not include the two leasehold flats.
The third floor flat to No. 21 extends to comprise the third floor of No. 22
The third floor flat to No. 23 extends to comprise the third floors of Nos. 24 & 25.
The freehold interest is being offered for sale, subject to the existing long leaseholds. Please see the information pack for copies of the leasehold agreements.
As with other properties surrounding the square, it is assumed that the flats benefit from use of the shared Brunswick Square Gardens.
Method of sale
The property is for sale by Informal Tender, with sealed bids/emails to be received at the offices of Bruton Knowles by Noon on Thursday 13th June 2019 - firstname.lastname@example.org
A 'tender form' is available on request.
With an Estimated Rental Value c.£100,000, the property is guided as "offers in excess of £1,250,000".
The property has not been elected for VAT.
Each party is responsible for its own legal costs incurred in this transaction.
Viewings are strictly by prior arrangement with Bruton Knowles, and the following viewing dates have been arranged:
• Friday 24th May 2019 - 10am to 1pm
• Thursday 30th May 2019 - 2pm to 5pm
• Thursday 6th June 2019 - 10am to 1pm
An online data pack has been prepared containing all relevant documentation and plans.
Please contact Bruton Knowles for further information:
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