Land for sale
£350,000 (£291.67/sq. ft)
London Road, Stroud Glos GL5
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The situation 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.
The premises 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.
The accommodation comprises (all dimensions are approximate):
Ground Floor Areas
Showroom 17’3” x 12’6” maximum, opening into 215 sq ft
Rear office 12’6” x 8’9” 109 sq ft
Rear hallway with door to
Private office 12’0” x 11’0” 132 sq ft
456 sq ft
Lower Ground Floor
Entrance hall with cupboard under stairs and door to outside
Toilet 1 with WC and wash hand basin
Toilet 2 with WC and wash hand basin
Room 4 11’3” x 8’9” 98 sq ft
Room 5 10’3” x 8’9” 90 sq ft
188 sq ft
Cornhill Chambers, Stroud, Gloucestershire GL5 2JT | T: E: |
Lounge 13’4” x 12’7” 167 sq ft
Dining room 11’9” 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
Landing with wardrobe
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
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 understood to be connected.
Roads The property fronts London Road which is made up and adopted and maintainable at the expense of Gloucestershire County Council. To the rear of the property is a further access point having a frontage to the service yard adjacent to Brunel Mall. We are aware that Stroud District Council ‘controls’ the question of access, whether it be pedestrian or vehicular.
Outgoings 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 2016/2017 believed to be £9600.
The flat is currently unlisted for Council Tax purposes.
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 have taken 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 practical 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
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Andrew Watton Property Consultants, and do not constitute property particulars. Please contact Andrew Watton Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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