Fully let freehold investment comprising a large ground floor shop with a self-contained 2 bedroom flat to the first floor. This prominent corner building has recently undergone a full refurbishment and is very well presented throughout.
The property is situated in a busy trading position towards the upper end of Gloucester Road on the corner of Tortworth Road. Notable occupiers in the vicinity include 'Grounded Cafe', 'Shell' Service Station and 'The Royal Oak' Public House.
Well presented ground floor shop comprising main sales area, rear shop, treatment room, office, store room and toilet facilities.
Well presented first floor flat comprising lounge, kitchen/diner, 2 double bedrooms and bathroom.
The Rateable Value effective 1st April 2010 is £6,200.
Council Tax Band: A
Shop Rating (417): E.
Flat Rating (417A): D.
The shop is let at £10,000 per annum on a 5 year FRI lease from 15th December 2014. There is a 3 year tenant break option and 3 months deposit within the lease.
The flat is let an an Assured Shorthold Tenancy agreement at a rent of £825pcm.
All figures quoted are exclusive of VAT unless otherwise stated.
Each party to incur their own legal costs.
As per the Control of Asbestos Regulations 2006, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Strictly by appointment with Maggs & Allen.
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.