For sale

1-2 The Parade, Court Road, Brockworth, Gloucester GL3 4EW

Investment Gloucester For sale 231 m2 (2486ft2)

The property comprises a two-storey semi-detached building of stone/reconstituted stone elevations under a pitched tiled roof, occupying a prominent corner position.  The ground floor is arranged as retail premises with a fully glazed shopfront, fascia signage, and a ramped access to the entrance. 

The first floor comprises cellular office accommodation, a kitchen and WC facilities. It is finished to a basic specification and in need of refurbishment. 

On street parking is available in the area.

Tenancy

The ground floor is let to National Star Foundation, a well-established regional charity providing specialist education and support services, who operate the space as part of their retail and fundraising network. The lease runs for a 10-year term from February 2025, with a tenant break option in February 2030, at a passing rent of £16,000 per annum. The first floor is vacant.

Address and Location

Address :

1-2 The Parade
Court Road
Brockworth
Gloucester
GL3 4EW

The property is situated on the eastern side of Court Road, a popular neighbourhood retail centre in Brockworth, with occupiers in the immediate vicinity including Coral Bookmakers, McColls Newsagents, Sue Ryder Charity Shop, Janes Pantry, and a Co-operative Supermarket. Brockworth lies approximately 4 miles east from the city centre and 2 miles south from Junction 11A of the M5 motorway (via the A417). 

Rates

The Rateable Values listed on the Valuation Office Agency website are as follows: 

Ground Floor £10,250
First Floor (Office 1) £7,700
First Floor (Office 2) £4,750

Prospective occupiers are advised to make their own enquiries to establish any transitional relief that may be applicable.

Accommodation

 

Ground floor 116 m2 1,249 ft2
First floor 115 m2 1,238 ft2
Total 231 m2 2,487 ft2

 

Planning

The property has been used as a charity shop and offices within Class E. The property falls outside any Article 4 direction, offering potential to benefit from Permitted Development rights (Class E to residential).

Terms

Terms

We are instructed to seek offers in the region of £310,000 for the freehold interest subject to the occupational tenancy in place.

VAT

The property is not elected for VAT purposes.

Costs

Legal Costs

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

Property Disclaimer

ASH Chartered Surveyors for themselves and for the vendors or lessors of this property for whom they act, give notice that:

  1. these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;
  2. ASH Chartered Surveyors cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy;
  3. no employee of ASH Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property;
  4. rents quoted in these particulars may be subject to VAT in addition; (v) ASH Chartered Surveyors will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars; and
  5. the reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.

Code of Practice for Commercial Leases in England and Wales

You should be aware that the Code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licenced conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations.

Money Laundering Regulations

As part of our obligations under the UK Money Laundering Regulations 2017, ASH will require any tenant/purchaser to provide proof of identity along with any other required documentation to satisfy anti-money laundering regulations.

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Investment Gloucester For sale 231 m2 (2486ft2) Price: £310,000

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