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Gloucestershire Business News

Stonehouse - 14 High Street

Description:

The property comprises a substantial semi detached, three storey building, the main part of which is constructed of solid stone under a pitched and tiled roof and part of the retail area projects forward in the ground floor and incorporates a modern shop front. There is a kitchen and WC facilities.

There are a further series of single storey additions on the left hand side incorporating part of the retail space and two small self contained storage units to the rear.

There is an outside toilet, accessed off a small rear yard.

The retail unit has an EPC rating of D-77. Certificate Ref No: 0468-3046-0314-0100-4601.

Tenancies: The main building is let for a term of 5 years to expire 29th November 2017 at a rent of £8,250 per annum. The lease is on a full repairing and insuring basis subject to a Schedule of Condition and is contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954, Part II.

One of the rear stores is let at a rent of £108 per month and the second is vacant.

Location details:

The property is situated in a prime retail position in the centre of Stonehouse, which itself is conveniently located close to Junction 13 of the M5 providing easy access to the M5/M4 corridor including Bristol, Birmingham and South Wales.

Accommodation:

Approx. net internal area

Main building:

Ground floor:

Shop- 38.18 sq m ( 411 sq ft)

Side room- 13.19 sq m (142 sq ft)

Rear conservatory- 9.10 sq m ( 98 sq ft)

First floor:

Stores- 19.97 sq m ( 215 sq ft)

Second floor:

Stores- 22.20 sq m (239 sq ft)

Storage unit 1- 15.14 sq m (163 sq ft)

Storage unit 2- 17.65 sq m (190 sq ft)

Rates:

The entries appearing on the Valuation Office Agency website are as follows:

Rateable Value: No. 14 - £7,200, Adjacent to No. 14 - £1,200

Rate in £ 2017/2018: 0.479

Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.

Planning:

The property has been used for financial services which falls within Class A2 of the Use Classes Order 1987.

Terms:

The property is offered freehold subject to occupational tenancies outlined above.

VAT:

The property is not elected for VAT.

Legal Costs:

Each party to bear their own legal costs incurred in the transaction.

Contact:

Ash & Co

Simon McKeag 07737 691453

Rebecca Rigg 01452 300433

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