Residential Investment - Imperial House, Russell Street, Gloucester
The property comprises a substantial two storey Victorian building of brick construction, under a pitched slate covered roof behind a front parapet wall. There is a large two storey rear extension dating from the 1950s in brick under a flat roof.
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 approximately only 200 yards away.
The property comprises the following:
Flat 1 (front) With entrance directly off Russell Street, living room/kitchen, bedroom, bathroom.
Flat 2 (rear) Accessed off a communal hallway, living room/kitchen, bedroom, bathroom.
Flat 3 (front) Accessed off a communal hallway, living room/kitchen, two bedrooms, bathroom.
Flat 4 (rear) Accessed off a communal hallway, living room/kitchen, bedroom, bathroom.
Each flat has an independent gas fired central heating system with radiators.
The flats are listed within Band A for Council Tax purposes.
Residential which falls within Class C3 of the Use Classes Order 1987.
The property is offered freehold subject to the occupational tenancies in place.
The property is elected for VAT.
Each party to bear their own legal costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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