Potential Investment - Shop and upper floors

Income of £14,088pa
PRICE £175,000 Freehold
Subject to Contract
Strictly by appointment with
Andrew Watton Property Consultants
WebPost: 14.11.17
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SITUATION on the right hand side of Gloucester Street being the corner property to Bath Street which leads onto the Merrywalks multi-storey car park. The premises enjoy a high visibility to the A46 being on the edge of the town and with passing traffic running up Gloucester Street and into Lansdown. Stroud is the third largest town in Gloucestershire and benefits from a variety of retailers both multiple and local, plus regular markets within the town including the famous Farmers Market on each Saturday.
PREMISES which effectively is end terraced is of traditional construction having solid brick walls all under a timber framed roof covered with slates. The accommodation has been arranged to provide a self-contained retail unit currently used as a takeaway business for pizzas and with a self-contained flat to the two upper floors.
comprises of: (all dimensions are approximate)
Shop 29' 9” x 11’ 8” max opening into:
Rear Shop Area 12’ 2” x 7’ 6” max with storage space off 9’ 0” x 4’ 2”
Cloakroom/WC with wash hand basin and low level WC.
Preparation Room
and Bakery
11’ 7” x 4’ 10” plus 9’ 0”x 5’ 8” leading to pedestrian access to Bath Street.
Lounge 15’8” x 14’3” with fireplace.
Kitchen 9 ’2” x 5’ 10” plus 3’ 9” x 3’ 8” with range of fitted units
Comprising cupboards, drawers, laminated worktop surfaces built in hob, oven and single drainer stainless steel sink unit. Valliant wall mounted boiler.
Store Room 11’ 0” x 8’ 0” mesne measurement
SECOND FLOOR Landing with open store with slatted shelves.
Bedroom 1 13’ 7” x 7’ 7”
Bedroom 2 14’ 4” x 7’ 4” with old fireplace.
Laundry Room 9’ 3” x 8’ 0” max.
Cloakroon/WC with vanitory wash hand basin and low level WC.
SERVICES all mains services are understood to be connected. Central heating is gas fired with radiators off.
OUTSIDE footpath leading to Bath Street.
TENANCY the premises have been occupied by the present tenants since 2012 by way of a normal business tenancy. The original lease expired in the summer 2017 and at present a short term agreement is being put in place which has a mutual break clause subject to three months’ notice.
OUTGOINGS The Rateable Value in 2017/18 is believed to be £3,250 with Business Rates being payable in this period of £1,514.50 before any business relief given if applicable.
Andrew Watton - Home
Cornhill Chambers
Union Street, Stroud, Gloucestershire GL5 2JT
Last Updated:: Friday, 17 November, 2017 10:49
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