For sale

95-97 Barton Street, Gloucester, GL1 4HR.

Retail Gloucester For sale 114 m2 (1227ft2)

The property is a mid-terrace three storey building of brick elevations under a pitched tiled roof with a single storey section to the rear. 

The ground floor is occupied by a barber and there is a self-contained two-bedroom flat on the upper floors. The shop has a fully glazed frontage.

Tenancies
The retail unit is  let to Richmondway Contracts Ltd for 5 years from 1 April 2023 at a rent of £575 per month, payable in advance, with a rent review in March 2025. The tenant must keep the interior and any inventory items clean and in good condition.. The landlord remains responsible for insuring the property and maintaining the structure and key services.

The flat is let on an Assured Shorthold Tenancy at a rent of £800 per month.

Energy Performance Certificate - An EPC is being prepared for the shop, the flat has a Rating of C-69.

Address and Location

Address :

95-97 Barton Street
Gloucester
GL1 4HR

The property is situated on the northern side of Barton Street, close to its junction with Charles Street, in a busy local shopping area serving the surrounding densely populated residential area.  In addition, it is a short distance from Trier Way, which forms part of the inner ring road.

Gloucester is well connected to the motorway network, being served by three junctions of the M5; junction 11 provides access via the A40 (3 miles), junction12 to the south (5 miles) and junction 11a (3 miles) connects to the Brockworth Bypass, Cirencester/Swindon and the M4 motorway at junction 15 (34 miles).

Rates

The Rateable Value listed on the Valuation Office Agency website from April 2026 for the shop is £6,800. 

The flat is listed within Band A for Council Tax purposes.

Accommodation

(Approx net internal areas) 

Ground Floor (Approx NIA)    
No. 95 (Shop) 45 m2 (484 ft2)
First & Second Floors (Approx GIA)    
No. 97 (Flat) 68.76 m2 (740 ft2)
Total 113.76 m2 (1,224 ft2)

 

Planning

The ground floor shops have been used within Class E (formerly Class A3) of the Use Classes Order 1987) and upper floors a flat within Class C3. The property is not Listed but it does lie within a Conservation Area.

Terms

Terms

We are instructed to seek offers for the freehold interest at £175,000 (One Hundred and Seventy-Five Thousand Pounds), which reflects a net initial yield of 9.26% after purchasers' costs at 1.79%, gross yield of 9.43% and capital value of approx. £143 per sq ft.

VAT

The property is not elected for VAT.

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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Retail Gloucester For sale 114 m2 (1227ft2) Price: £175,000

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