The situation The property is situated on the south side of King Street having rear access and vehicular accessibility from Fawkes Place. This is within the designated primary retail area which also encompasses Merrywalks Shopping Centre and the High Street up to the junction with Kendrick Street.
Stroud is the third largest town in Gloucestershire with a wide demographic catchment in excess of 100,000 people but with a more regular level of support from a population of around 60,000. The town is convenient to the larger centres of Cheltenham, Gloucester, Bristol, Bath and Swindon. In addition Stroud benefits from a mainline railway station to London Paddington.
The premises The property which is mid-terraced is of traditional commercial construction having a steel framework throughout with rendered front elevation plus brick to the rear. The roof is flat and it is presumed covered with a bitumen type covering. The premises were built initially for Currys who occupied the shop for many years. In recent times the premises have been used as a green grocer, a pine shop and more recently an outlet for BrightHouse. The property has a great advantage of open span to the whole of the ground floor plus a larger than average storage space to the first floor which as a goods lift which is necessary by virtue of the rear access being at first floor level rather than ground level.
The accommodation comprises (all dimensions are approximate): Ground Floor Areas Shop internal frontage 23'6” Main depth 70'2” Rear width 31'0” Retail area approx 1860 sq ft Rear lobby 25'0” x 5'1” (stud partition to shop) 127 sq ft Security room 12'6” x 8'2” with cupboard housing electric Supply/switch gear 102 sq ft -----------
2089 sq ft From rear lobby, goods lift (20 cwt) and staircase to:- First Floor Rear delivery area 9'10” x 7'3” with good access door to parking 71 sq ft and delivery area with access from Fawkes Place Kitchen 16'8” x 8'10” with fully fitted units, comprising 147 sq ft drawers, cupboards, single drainer stainless Steel sink unit, tiled splashbacks and wall cup- boards over Boiler room 9'5” x 7'4” 68 sq ft Ladies cloakroom with one cubicle having low level WC and wall Mounted wash hand basin and adjacent electric dryer Gents cloakroom with one cubicle having low level WC and wall Mounted wash hand basin and adjacent electric dryer Main store 61'0” max x 26'0” max, narrowing to the rear 1197 sq ft And including an open but separate store room -----------
1583 sq ft Outside To the rear of the shop is access to Fawkes Place which is owned by Gloucestershire County Council and is regarded as public highway with access to the subject property together with some of the neighbours. The road to the front is pedestrianised and has very restricted accessability although use by vehicles is not well policed and therefore vehicles will be seen coming in either direction although the road is one way.
Services All main services are understood to be connected or available.
Lease The property is offered by way of a flexible lease on internal repairing and insuring terms at a rental of £35,000 per annum exclusive plus VAT.
Outgoings The rateable value in 2018/2019 is believed to be £29,500 with business rates being payable in this period of £14,160 before any business relief given if applicable.
Costs As is normal, the ingoing tenant will be liable for the landlord's legal costs of the transaction.
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