Retail premises for sale in George Street, Stroud, Glos GL5, £600,000
600,000.00
Offer Nr.:
62461999
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Hawkins Watton Limited
Phone(s):
01453 571799
Email:
**Location**
The property is situated in the town centre with dual frontage to George
Street and Russell Street. Stroud is enjoying a well - regarded reputation and
wasfeatured by the Sunday Times in 2021 as one of the Best Places to Live in
England. At present the Five Valleys Shopping Centre is being transformed with
a multi - million- pound redevelopment which includes a very successful food
market, and shortly the provision of a new medical centre and pharmacy, plus
the relocation by the StroudLibrary to an expanded and updated facility.
Stroud enjoys a strong demographic catchment which benefits from the excellent
road network which gives easy access to boththe M5 and M4. In addition,
Stroud’s railway station has the advantage of regular train services to London
Paddington (90 minutes).
**Description**
The property whichis mid - terraced is a purpose built bank dating back to the
Wilts and Dorset Bank. More recently part of NatWest. The accommodation
comprises a modern banking hall tothe ground floor with supporting office
space to the basement and upper floors. To the second floor is the original
Manager’s flat.
Accommodation (gia, where quoted,are approximate).
Description M₂ Sq ft
Basement 40. 6 437
Ground floor 179. 2 1929
First floor 144. 6 1557
Second floor 75. 3 823
Total 439. 7 4746
**Services**
Allmains services are connected or available.
We have not tested any of the existing service installations and interested
parties are advised to obtain independentspecialist advice regarding the
condition of the service connections.
**Ratings**
The Rateable Value is: £23, 000
Interested parties are advised to make their ownenquiries to the billing
authority to ascertain the exact rates payable as a change in occupation may
trigger an adjustment of the rating assessment.
**Tenure**
Theproperty is freehold
**Tenancies**
The premises are let to NatWest Bank by way of two Leases.
The Ground Floor and Basement Lease is dated 25 September 2019. Thepassing
rent is £20, 500 p. a. And is subject to a Rent Review dating back to the rent
commencement date of 22 February 2019.
The Lease for the first and second floorsis in accord with the Agreement for
the ground floor and basement. This Lease is dated 25 September 2019 with a
commencement date of 22 February 2019. The passing rent is£11, 000 p. a. And is
subject to a Rent Review dating back to the rent commencement date of 22
February 2019.
Both Leases are Outside the Act by way of Exclusion ofSection 24 to 28 of the
Landlord & Tenant Act 1954.
**EPC**
The property is awaiting an EPC rating and the Certificate will be made
available shortly upon request.
**Freehold price**
Offers invited based upon guide price of: £600, 000, Subject to Contract
The property is situated in the town centre with dual frontage to George
Street and Russell Street. Stroud is enjoying a well - regarded reputation and
was
England. At present the Five Valleys Shopping Centre is being transformed with
a multi - million
market, and shortly the provision of a new medical centre and pharmacy, plus
the relocation by the Stroud
Stroud enjoys a strong demographic catchment which benefits from the excellent
road network which gives easy access to both
Stroud’s railway station has the advantage of regular train services to London
Paddington (90 minutes).
**Description**
The property which
Wilts and Dorset Bank. More recently part of NatWest. The accommodation
comprises a modern banking hall to
space to the basement and upper floors. To the second floor is the original
Manager’s flat.
Accommodation (gia, where quoted,
Description M₂ Sq ft
Basement 40. 6 437
Ground floor 179. 2 1929
First floor 144. 6 1557
Second floor 75. 3 823
Total 439. 7 4746
**Services**
All
We have not tested any of the existing service installations and interested
parties are advised to obtain independent
condition of the service connections.
**Ratings**
The Rateable Value is: £23, 000
Interested parties are advised to make their own
authority to ascertain the exact rates payable as a change in occupation may
trigger an adjustment of the rating assessment.
**Tenure**
The
**Tenancies**
The premises are let to NatWest Bank by way of two Leases.
The Ground Floor and Basement Lease is dated 25 September 2019. The
rent is £20, 500 p. a. And is subject to a Rent Review dating back to the rent
commencement date of 22 February 2019.
The Lease for the first and second floors
the ground floor and basement. This Lease is dated 25 September 2019 with a
commencement date of 22 February 2019. The passing rent is
subject to a Rent Review dating back to the rent commencement date of 22
February 2019.
Both Leases are Outside the Act by way of Exclusion of
Landlord & Tenant Act 1954.
**EPC**
The property is awaiting an EPC rating and the Certificate will be made
available shortly upon request.
**Freehold price**
Offers invited based upon guide price of: £600, 000, Subject to Contract
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