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Gloucestershire Business News

Residential Investment, 2a Russell Street, Gloucester

The property is attached and is built of brick under a flat roof and is 'L' shaped, originally linking into the rear of 12 Clarence Street, although the entrances at ground and first floor levels have been sealed.

Planning consent was granted in 2009 for a change of use from offices to three residential units with rear car parking.

Location:

Gloucester is the commercial and administrative centre of the County and supports a resident population of approximately 121,700 (2011 Census).

Gloucester has a strong and established traditional industrial base together with, in recent years, a significant expansion as an office centre through the developments on the business parks close to the Motorway junctions.

Gloucester is located approximately 9 miles (14.5 km) west of Cheltenham, 35 miles (56.2 km) north of Bristol, 55 miles (88.5 km) south of Birmingham and 100 miles (161 km) west of London. Access to the motorway network is available at Junctions 11, 11A and 12 of the M5 and Junction 15 of the M4 at Swindon.

The link to the M4 is via the A417/A419 trunk road. The properties are situated on the southern side of Russell Street, close to the junction with Clarence Street and is close to the City Centre and the railway and bus stations. This part of Russell Street is very conveniently situated for the main shopping area, with the prime retail area of Eastgate Street being approximate only 200 yards away.

Accommodation:

Flat 1: Ground Floor Lobby, living room with kitchen area, 2 bedrooms, bathroom.

Flat 2: First Floor Lobby, living room with kitchen area, 2 bedrooms, bathroom.

Flat 3: Lower Ground Kitchen, Ground Floor Living room, First Floor Bedroom, bathroom. The three floors of this unit are linked by a spiral staircase.

All mains services are connected to the property and each flat has a gas fired central heating system with radiators

There is a communal store in the lower ground floor.

Rates:

The flats are listed within Band A for Council Tax purposes.

Price:

£280,000

Planning:

Residential which falls within Class C3 of the Use Classes Order 1987.

Terms:

The property is offered freehold subject to the occupational tenancies in pace.

VAT:

The property is elected for VAT.

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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