Gloucester - Hewmar House, 120 London Road GL1 3PL

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. Hewmar House is situated on the southern side of London Road, which is one of the main routes into the City centre, which is approximately ½ a mile to the west. This part of London Road is a mixed residential and commercial area, and the property is adjacent to St Margaret’s Chapel and its ancillary Listed Alms Houses. Further to the south, on London Road, at the City end are a number of modern office buildings including the Headquarters of BBC Radio Gloucestershire and numerous small retail units.

The Rateable Value appearing on the Valuation Office Agency website is £24,250.

Existing Building

(Approx net internal areas)

Proposed Development

The approved plans outline the following accommodation:

Car parking and cycle stores are to be provided.

Planning consent has been obtained to demolish the existing building and develop 16 residential flats within Class C2 (Residential Institution) of the Use Classes Order 1987. The accommodation in each flat will comprise an open plan living/dining/kitchen area, a bathroom with 3-piece suite, cupboard and bedroom. A communal living/dining area, kitchen, tearoom and staff office are also provided. A Section 106 Agreement has been completed, and 4 affordable rented units (No’s 1 to 4) are to be provided.

Terms

The property is offered freehold with vacant possession.

VAT

Under the Finance Acts 1989 and 1997, VAT may be levied on the sale price. We recommend that the prospective purchasers establish the implications before entering into any agreement.

Legal Costs

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

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.