* Freehold
**Key Points**
* Potential for redevelopment subject to the necessary consents being obtained.
* Total rental income of £83, 906. 80 per annum.
* Based on the income outlined above, the quoting price of £1, 100, 000 would result in a gross initial yield of approximately 7. 39% or net initial yield of 7% after purchaser’s costs of 5. 55%.
**Description**
The property comprises a mixed estate of adjoining and detached buildings
occupied as retail units, offices, stores, a laundrette, workshops and two
residential flats.
Units 1, 2, and 3
Located at the southern end of the estate, set back but facing from the main
road, comprising a terrace of three retail units, each with a front sales area
and rear staff room/kitchenette and WC. The units are of part rendered
reconstituted stone and block construction with a single pitched tiled roof
and pitched profiled mineral cement asbestos roof and single glazed timber
framed display windows. Internally the units have solid flooring with emulsion
painted wall and ceiling with fluorescent lighting.
Units 4 and 9
The flats are located on the ground and first floors (also second floor within
loft space) of the Cotswold stone building with a pitched tiled roof, upvc
double glazed windows throughout and gas central heating via perimeter
radiators. Each flat has two bedrooms, a living room, kitchen and bathroom.
Units 5, 5A and 6
A single and two storey building of rendered brick construction with a pitched
tiled and corrugated cement asbestos roof and upvc double glazed windows. The
ground floor has concrete floor and utilised as a dry cleaners in Unit 5 and a
store in Unit 6. The first floor Unit 5A is utilised as a store and staff
room. Unit 6 has a steel concertina entrance loading door. Access to Unit 5A
is via an external steel stair.
Unit 7
A single storey retail unit of blockwork, stone and timber construction with a
concrete floor, single glazed timber framed display window, double timber
loading doors and a corrugated steel half barrel roof. Internally the unit has
an open plan retail sales area, staff area and WC.
Unit 8
Located fronting the Old Market comprising a two storey detached building of
concrete frame with reconstituted stone and blockwork infill elevations
beneath pitched corrugated mineral cement asbestos roof covering.
The ground floor shop has single glasses timber framed display windows and
entrance door with an open plan retail sales area small staff office and WC.
The accommodation is carpeted has emulsioned wall and suspended ceiling with
integral fluorescent lighting and cassette air conditioning units.
The tenant Brutons Hardware is an independent hardware store that has been
trading on the same site since 1856 and is one of Nailsworth’s longest running
family businesses have started as a small ironmongery business. When Old
Market was formed in the mid 1960’s Brutons Ironmongers was the first building
to be built on the new road.
The first floor office accommodation has external concrete and steel staircase
access to the side and rear and is occupied on a long leasehold basis.
Units 10, 10A and 10B
Three adjoining single storey kiosk style retail units located at the rear of
the southern end of the estate the unit comprise three storage workshops of
rendered blockwork construction with pitched and lean too roofs with profiled
and corrugated mineral cement asbestos sheet roofing. Access to Units 10 and
10B is via an external steel staircase.
**Location**
Nailsworth is a town located at the confluence of the Avening Valley and
Woodchester Valley within the southern Cotswolds with a population of some
5, 800 (Census 2011), approximately 4 miles south of Stroud (via the A46 trunk
road), 13 miles west of Cirencester, 131⁄2 south of Gloucester, 18 miles south
of Cheltenham, 8 miles east of Dursley and 28 miles northeast of Bristol.
Motorway access is available at Junction 13 of the M5 motorway, 8 miles to the
northwest, whilst Junction 18 of the M4 motorway is approximately 15 miles to
the south. The property is situated within the centre of Nailsworth, fronting
the western side of Old Market Street within a mixed retail and residential
area and just south of the local library. On street and public car parking is
available within the vicinity.

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