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Gloucestershire Business News

Residential investment - 21-25 Brunswick Square, Gloucester

For sale by informal tender are five regency townhouses comprising of 18 individual apartments in Brunswick Square, Gloucester.

Location

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.

Description

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.

Planning

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.

Accommodation

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.

Tenure

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 - william.matthews@brutonknowles.co.uk

A 'tender form' is available on request.

Guide price

With an Estimated Rental Value c.£100,000, the property is guided as "offers in excess of £1,250,000".

VAT

The property has not been elected for VAT.

Legal costs

Each party is responsible for its own legal costs incurred in this transaction.

Contact

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:

William Matthews 

Email william.matthews@brutonknowles.co.uk or call 01452 880152 

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