For sale

Stroud - 7 Parliament Street, GL5 1DP

Development Opportunities Stroud Valleys For sale 582.75 m2 (6273ft2)

Development site with consent for 7 flats and 2 offices.

The property comprises a car workshop totalling approximately 125.9 sq m (1,355 sq ft) and a secure yard with gated entrance. The boundaries are a combination of Cotswold Stone walls and timber fencing.

The site area extends to approximately 0.058 hectares (0.144 acres).

Proposed Scheme

The proposed development will have a combination of exposed red brick and rendered elevations under a zinc and green roof with photovoltaic solar panels. The external windows and doors will be aluminium framed double glazed.

The flats will comprise 4 no. 1 beds and 3 no. 2 beds.

The accommodation in each flat will comprise an open plan living/dining/kitchen area, a bathroom with 3-piece suite or shower room, cupboard and bedroom(s). The flats on the 2nd floor will have a terrace and storage area.

The 2 proposed offices are at first floor level and total 81 sq m (872 sq ft), are open plan with a kitchen point and accessible plan/WC.

The development will be set within a landscaped site with cycle store and communal garden and allocated parking will be provided, a number in the under croft beneath the offices.

Please note, the adjacent owner Sovereign Housing have offered, subject to contract, to contribute £125,000 towards the replacement of part of the boundary wall. Further details are available from the agents upon request.

Address and Location

Address :

7 Parliament Street
Stroud
Stroud Valleys
GL5 1DP

Stroud is a busy Cotswold market town with a population of approximately 38,000 and a catchment area of about 105,000, which lies on the A46 Cheltenham to Bath road.  The town is well placed, being 10 miles south of Gloucester, 12 miles west of Cirencester and 30 miles north of Bristol and road communications via the National Motorway network are provided by Junction 13 of the M5 (4 miles) and to the M4 via either the A46 or via Cirencester and the newly upgraded 419 road to Swindon. The property is situated on Parliament Street approximately 800m from the Town Centre in a predominantly residential area. It lies a short distance from the Cotswold Playhouse and there are a number of smaller commercial premises in the area with public car parks provided closer to the Town Centre.

Rates

The Rateable Value appearing on the Valuation Office Agency website is £9,100.

Planning

Planning consent has been obtained for the "Erection of 7 residential flats (C3) and 81 sq m of office space (Class E (I)”. A range of planning documents are available on this website or can be viewed on the Planning Portal on Stroud District Council's website - Planning Ref No: 20/0856/FUL.

Terms

Terms

The property is offered freehold with vacant possession. Please note, the adjacent owner Sovereign Housing have offered, subject to contract, to contribute £125,000 towards the replacement of part of the boundary wall. Further details are available from the agents upon request.

VAT

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

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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Development Opportunities Stroud Valleys For sale 582.75 m2 (6273ft2) Price on Application.

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