For sale

19-21 Brunswick Road, Gloucester, GL1 1HG.

Investment Gloucester For sale 500.27 m2 (5385ft2)

The property comprises a four-storey building dating from 1885 of brick construction with a pitched slate roof and it comprises 12 residential flats.

There are two main entrances, one directly from the Brunswick Road and the second onto St Michaels Square. A video door system is linked to all apartments.

Each flat comprises a double bedroom, a living room/dining area, kitchen and a shower room and they are heated by wall mounted thermostatic controlled panel radiators served by a gas fired central heating boiler.

The kitchens comprise a range of high and low level fitted cupboards including a stainless-steel single drainer sink unit with cooker and hob, washing machine and fridge freezer. The bathrooms have a WC, wash hand basin and shower cubicle with wall mounted electric showers.

The flats have EPC Ratings within Band C.

Tenure
The flats are all let on six month Assured Shorthold Tenancy Agreements with a total gross rental income of £8,260 per month (£99,120 per annum). Further information available upon request.

Development Land
Adjoining the main building is a broadly rectangular parcel of land which was previously used as parking.

Planning consent was obtained in January 2023 for the erection of eight No. 1 bedroom flats and a single two storey 3-bedroom maisonette (Planning Ref No. 22/00755/FUL).

The accommodation in each flat is to include an open plan kitchen/dining/living area, shower room, storage and bedroom.

The proposed gross internal areas of the flats are as follows:

 

Lower Ground Floor    
Flat 1 42.1 m2 (453 ft2)
Flat 2 45.7 m2 (492 ft2)
Ground Floor    
Flat 3 42.1 m2 (453 ft2)
Flat 4 45.7 m2 (492 ft2)
First Floor    
Flat 5 41.1 m2 (442 ft2)
Flat 6 44.4 m2 (478 ft2)
Second Floor    
Flat 7 41.1 m2 (442 ft2)
Flat 8 44.4 m2 (478 ft2)
     
Total 346.6 m2 (3,730 ft2)

 

The proposed maisonette will be at lower ground and ground floor level and extend to approximately 84.3 m2 (907 ft2). The proposed accommodation includes an open plan kitchen/dining/living area, 3 bedrooms, storage and 2 shower rooms.

The total gross developable area of the new building is approximately 430.9 m2 (4,637 ft2).

We understand the land is not serviced but utility connections are available in the immediate vicinity.

 

Address and Location

Address :

19-21 Brunswick Road
Gloucester
GL1 1HG

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. Gloucester Railway Station provides direct services to London with journeys taking just under two hours, and both Gloucester and Cheltenham share a local airport at Staverton, approximately 8 miles away.

The property is situated fronting the eastern side of Brunswick Road at its junction with St Michaels Square, opposite a ‘pay and display’ car park, and 150m north of Park Road which links to Trier Way, Gloucester’s inner ring road.

It is approximately ¼ mile south from the main commercial and retail centre of the city at The Cross and ½ mile east from Gloucester Quays Retail / Leisure area of the City at The Docks.

Rates

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

Accommodation

(Approximate gross internal areas)

Flat 1 46.41 m2 (500 ft2)
Flat 2 44.96 m2 (484 ft2)
Flat 3 40.97 m2 (441 ft2)
Flat 4 34.46 m2 (371 ft2)
Flat 5 31.40 m2 (338 ft2)
Flat 6 33.96 m2 (367 ft2)
Flat 7 41.99 m2 (452 ft2)
Flat 8 45.99 m2 (495 ft2)
Flat 9 47.01 m2 (506 ft2)
Flat 10 42.64 m2 (459 ft2)
Flat 11 45.25 m2 (487 ft2)
Flat 12 45.23 m2 (487 ft2)
Total 500.27 m2

(5,387 ft2)

Planning

Planning consent was obtained in January 2023 for the erection of eight No. 1 bedroom flats and a single two storey 3-bedroom maisonette. A range of the planning documents are available to download from this website and further information is available from the Gloucester City Council Planning Portal (Planning Ref No. 22/00755/FUL).

Terms

Terms

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

VAT

The property is not elected for VAT.

Costs

Legal Costs

Each party to bear their own 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 500.27 m2 (5385ft2) Price: £1,800,000

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