Office for sale in London Road, Stroud, Glos GL5, £400,000

400,000.00

Offer Nr.:
44945345
Type of ad:
for Sale
Property type:
Office
Contact name:
Hawkins Watton Limited
Phone(s):
01453 571799

**Location**
The property is situated on the southern side of London Road, being adjacent
to Clarendon Court and within a small terrace including estate agents and
professional offices.
Stroud is the third largest town in Gloucestershire having a demographic
catchment of approximately 105, 000 people. The town has the advantage of a
main line railway station to London Paddington. In addition, Stroud is on the
crossroads of the A46 and A419 with excellent access to both the M5 and M4 and
the nearby centres of Cheltenham, Gloucester, Bath, Bristol and Cirencester.
**Description**
The property which is mid - terraced is of traditional construction, having a
mixture of stone and brick, rendered to the front elevation and exposed brick
to the rear, all under a timber framed roof covered with slates. It is noted
the building is at the end of an original terrace but is 'attached' to
Clarendon Court (No 54) a 1970's mixed use building.
The accommodation comprised two elements, namely commercial to the ground and
lower ground floor plus a residential flat to the first and second floors.
Accommodation (all areas, where quoted, are approximate).
Description Sq ft M₂
Ground floor comprising: Showroom/offices 456 42. 4
Lower ground floor comprising: 2 rooms/WCs 188 17. 5
Total 644 59. 9
****
The Residential accommodation comprises: -
First Floor
Lounge 13'4” x 12'7” 167 sq ft
Dining room 11' x 11'0” with modern fitted fireplace and 129 sq ft
built - in storage unit
Kitchen 8'1” x 8'0” with airing cupboard (housing Sadia 65 sq ft
water heater) and door to
Shower room with white WC, pedestal wash hand basin and shower cubicle with
Leisure shower head 361 sq ft
Second Floor
Bedroom 1 11'10” x 10'0” with cupboards in alcoves 118 sq ft
Bedroom 2 13'0” x 8'6” with modern tiled fireplace 110 sq ft
Bedroom 3 9'6” x 7'4” 70 sq ft
298 sq ft
Outside
A sizeable garden (approx. 60'0” deep x 24'0” wide) with access to service
yard adjacent to Brunel Mall (see later note) and is suitable for
redevelopment to provide possibilities for residential building and/or car
parking (subject to planning).
**Services**
All mains services are connected or available.
**Ratings
**
The commercial space is occupied by Hamptons International in conjunction with
number 52 London Road. Accordingly, the tenant's space is rated as one
hereditament for 52/53 London Road at a Rateable Value in 2021/2022 believed
to be £9600.
The flat is currently unlisted for Council Tax purposes.
Interested parties are advised to make their own enquiries to the billing
authority to ascertain the exact rates payable as a change in occupation may
trigger an adjustment of the rating assessment.
**Tenure**
The property is being sold with the benefit of the original lease between the
freeholder and the tenant (Hamptons Residential). The original lease dated 10
October 1989 was subsequently renewed by way of an agreement dated 5 June 2002
in respect of the same tenant thus named as Hamptons Estates Ltd. That
extension has now lapsed and as such the tenant is 'holding over' paying the
annual rent of £10, 000 p. a. Negotiations took place with the tenant based upon
£11, 200 p. a. But that figure has not been confirmed by a new lease. Moreover
the negotiations included reference to the removal of the internal staircase
to the flat and with that existing space to be incorporated into the
commercial space resulting in an increase in the rent to £12, 000 p. a. Again
these 'discussions' have not progressed as it is felt sensible for the new
owner to bring forward a scheme to restore the flat probably in conjunction
with some form of redevelopment to the garden which could include a new
external access point to the first floor. All of these possibilities are
described subject to normal planning consideration.
Note: Access to the flat is via the office premises and/or a separate
(internal) staircase which is approached through the lower ground floor area
of Hampton's office.
**EPC**
The property does not require an EPC rating as it is a Listed Building.
**Freehold price**
Offers invited for the whole property based upon guide price of: £400, 000,
Subject to Contract.
Alternatively, the Vendor will consider splitting the freehold interest with
the 53 London Road property offered at £275, 000 and with the 'garden' as a
building plot at £150, 000, Subject to Contract and clarification on
demarcation and service provision.

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