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      • Gloucester - Commercial and Residential Portfolio, Russell Street (By Informal Tender)

SOLD

For sale

Gloucester - Commercial and Residential Portfolio, Russell Street (By Informal Tender)

On behalf of The Joint Liquidators Simon Girling and Christopher Marsden.
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  • Location: Gloucester
  • Size: 1.00 m2 (10.76 ft2)
  • Property Type: Investment
  • Sale Type: For sale
  • Status: SOLD
  • Terms:Price on application.
  • Simon McKeag

    07737 691453

  • Harry Pontifex

    01242 237274

  • Fraser Mitchell

    01452 300433

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Description Location Accommodation Rates Planning Terms Costs

Description

On the instructions of The Joint Liquidators Simon Girling and Christopher Marsden, we are instructed to invite final and best offers by 12pm on Friday 30th July 2021. A copy of the Informal Tender form is available to download from this website. Please contact the agents if you wish to discuss any queries.

2a RUSSELL STREET

The property is attached and is built of brick under a flat roof and is 'L' shaped, originally linking into the rear of 12 Clarence Street, although the entrances at ground and first floor levels have been sealed. Planning consent was granted in 2009 for a change of use from offices to three residential units with rear car parking.
 
The accommodation comprises:
 
Flat 1: Ground Floor Lobby, living room with kitchen area, 2 bedrooms, bathroom.
Flat 2: First Floor Lobby, living room with kitchen area, 2 bedrooms, bathroom.
Flat 3: Lower Ground Kitchen, Ground Floor Living room, First Floor Bedroom, bathroom
 
The three floors of this unit are linked by a spiral staircase. All mains services are connected to the property and each flat has a gas fired central heating system with radiators. There is a communal store in the lower ground floor.
 

IMPERIAL HOUSE

The property comprises a substantial two storey Victorian building of brick construction, under a pitched slate covered roof behind a front parapet wall.  There is a large two storey rear extension dating from the 1950s in brick under a flat roof. The property was in office use for many years but has been converted into four self-contained flats and comprises the following:
 
Ground Floor
Flat 1 (front) With entrance directly off Russell Street, living room/kitchen, bedroom, bathroom.
Flat 2 (rear) Communal entrance hall, living room/kitchen, bedroom, bathroom.
 
First Floor
Flat 3 (front) Entrance hall, living room/kitchen, two bedrooms, bathroom.
Flat 4 (rear) Living room/kitchen, bedroom, bathroom.
 
Each flat has an independent gas fired central heating system with radiators.
 

BOW BELLS

The property comprises a Florist Shop converted in 2009 from office use. It is attached, is single storey and constructed of facing brick to both the front and part of the side elevations, under a flat roof. There is a central pedestrian entrance door and front display windows, and the property has a gas fired central heating system. The approximate net internal areas are as follows:
 
Retail Shop 49.72 sq m (535 sq ft)
Rear Preparation area 19.52 sq m (210 sq ft)
Rear lobby
Rear store with kitchen 34.39 sq m (125 sq ft)
Store 11.62 sq m (125 sq ft)
Cloakroom with WC and hand basin.
Total 115.25 sq m (1,240 sq ft)
 
There is a small concrete forecourt to the front.
 

ST ALDATE CHAMBERS

The property comprises a substantial attached four storey Victorian office building slightly set back from Russell Street behind railed forecourt and with the benefit of a rear car park for 6 cars. The property is constructed of smooth rendered elevations under a double pitched interlocking concrete tiled roof behind a high front parapet. There is a small two storey rear extension in matching materials with a flat roof. 
 
The property is heated by way of a gas fired central heating system. The accommodation comprises a range of cellular and open plan offices, a fitted kitchen and WC facilities. The approximate net internal areas are as follows:
 
Lower Ground Floor 55.03 sq m (593 sq ft)
Ground Floor 61.46 sq m (661 sq ft)
First Floor 60.80 sq m (654 sq ft)
Second Floor 73.42 sq m (790 sq ft)
Total 250.71 sq m (2698 sq ft)
 

CAR PARK AND GARAGES

The access to the car park is off Russell Street via an electronically operated security gate. 

It has a tarmacadum surfaced car park, the western part of which is constricted by a large pear tree.

It also includes two brick-built garages with pitched felt covered roofs and sliding wooden doors fronting Russell Street.


Joint Agents PACT

Contact - Chris Price
07979 541215
chris.price@pactproperty.co.uk

  • Location: Gloucester
  • Size: 1.00 m2 (10.76 ft2)
  • Property: Investment
  • Type: For sale
  • Status: SOLD

Address and Location

Address :
Commercial/Residential Portfolio
Russell Street
Gloucester
GL1 1NE


Location details:

Gloucester is the commercial and administrative centre of the County and supports a resident population of approximately 121,700 (2011 Census). Gloucester has a strong and established traditional industrial base together with, in recent years, a significant expansion as an office centre through the developments on the business parks close to the Motorway junctions. 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. The properties are situated on the southern side of Russell Street, close to the junction with Clarence Street and is close to the City Centre and the railway and bus stations. This part of Russell Street is very conveniently situated for the main shopping area, with the prime retail area of Eastgate Street being approximately only 200 yards away.

Accommodation

Please see the Tenancy Schedule.

Rates

Please see the Tenancy Schedule.

Planning

Offices, residential, retail and storage.

Terms

The property is offered freehold subject to the occupational tenancies outlined in the Tenancy Schedule. Consideration will be given to the individual sale of St Aldate Chambers.

VAT

The property is elected for VAT.

Legal Costs

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

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Downloads
  • Flat 1 Imperial House EPC.pdf Download Document
  • Flat 1, 2a Russell St EPC.pdf Download Document
  • Flat 2 Imperial House EPC.pdf Download Document
  • Flat 3 Imperial House EPC.pdf Download Document
  • Flat 4 Imperial House EPC.pdf Download Document
  • Russell Street portfolio - Informal Tender Form.pdf Download Document
  • Russell Street portfolio - Lots.pdf Download Document
  • Russell Street portfolio - Tenancy Schedule.pdf Download Document
  • Russell Street portfolio.pdf Download Document
  • St Aldate Chambers EPC.pdf Download Document
  • St Aldate Chambers RR.pdf Download Document

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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.


Created: 02/04/2021 20:09:15
Modified: 20/02/2022 11:37:24
Label: Gloucester - Commercial and Residential Portfolio, Russell Street (By Informal Tender) ShowOnSite: True TenureDetails: Summary: Mixed-use portfolio comprising a substantial office building, retail unit, 7 flats, 2 garages and a car park. NavigateUrl: ~/Properties/Gloucester_-_Commercial_and_Residential_Portfolio,_Russell_Street_(By_Informal_Tender).aspx

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