For sale

Gloucester - 135 Barton Street, GL1 4HT

Investment Gloucester For sale 256.50 m2 (2761ft2)

Investment/Development opportunity in Barton and Tredworth. The property includes a retail unit, 2 flats and storage unit with potential for alternative uses, subject to planning.

No. 135 is an end of terrace three storey building of brick elevations with part stone clad under mainly pitched tiled roofs with a flat section to the rear. There is a part single, part two storey extension to the rear with brick elevations and a mixture of tile and metal sheet roof. part rendered elevations under a double pitched tiled roof. 
 
The ground floor commercial unit has a fully glazed shop front, and the accommodation includes a retail area to the front with private offices and WC to the rear.  To the rear of the shop is a dilapidated former warehouse which is accessed off the adjacent road. 
 
The upper floors are also accessed off the adjacent road and each floor comprises a 2 bedroom flat with living room, kitchen and bathroom.
 
There is no allocated parking.

Tenancies

The retail unit is let to Manoj Jacob for a period of 5 years from 1st September 2020 at a rent of £6,000 per annum on a full repairing and insuring basis. The lease includes rent reviews on each anniversary of the term and break clauses on the 1st and 2nd anniversaries of the term.

The Storeroom is vacant.

Both flats are let on Assured Short hold Tenancies (ASTs) at rents of £500 per month.

Copies of the Tenancy Agreements are available upon request.

EPCs

The flats are Rated within Band D and an EPC is being prepared for the shop.

Address and Location

Address :

135 Barton Street
Gloucester
Gloucester
GL1 4HT

Gloucester is located approximately 9 miles west of Cheltenham, 35 miles north of Bristol, 55 miles south of Birmingham and 100 miles 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.

The property is situated on the northern side of Barton Street, adjacent to Gothic Cottages in a busy local shopping area serving the surrounding densely populated residential area.

Rates

A search on the Valuation Office Agency website has revealed the following entry:

Description: Shop and Premises
Rateable Value: £4,100

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

Accommodation

Approximate net internal

Ground Floor    
Retail unit: 55.52 sq m (598 sq ft)
Rear store: 70.29 sq m (757 sq ft)
Total: 114.50 sq m (1,232 sq ft)

First Floor

2 bedroom flat with living room, kitchen and bathroom

Second Floor

2 bedroom flat with living room, kitchen and bathroom.

Planning

The ground floor retail unit has been used as an office within Class E Of the Use Classes Order 1987. The residential flats fall within Class C3. The storage unit may suit a variety of uses and a change of use would be required.

Terms

Terms

The property is offered freehold subject to the occupational tenancies 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.

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Investment Gloucester For sale 256.50 m2 (2761ft2) Price: £350,000

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