Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Investment let at £17,500 p.a. (14.58% GIY on Guide)
    • Further development potential to convert the 1st floor into a dwelling (subject to requisite consents and existing lease)
    • Let on a 5 year lease from March 2022
    • Prosperous and attractive Gloucestershire market town

    Description

    The property comprises a lock up shop over basement, ground and first floor and forming part of an established shopping parade. Possible further development potential to convert the 1st floor into residential use (subject to the requisite consents and existing lease)

    We have been advised that the existing commercial tenants with 1st floor ancillary space could potentially be willing to surrender the 1st floors back to the landlord (this information has been provided in good faith by the vendor and any incoming purchaser needs to do there own due diligence and can not rely on the above information)

    The property is located in a semi pedestrianised street and has the following nearby occupiers Boots the Chemist, Greggs, Costa, Superdrug, Holland & Barrett and Sports Direct as well as a wide range of boutique and local occupiers.

    Additional information

    Tenure

    Leasehold

    New 999 year lease on peppercorn ground rent

    Accommodation

    28 Kendrick Street

    • Ground - Retail space - an approx. 99.50 sqm (1,071 sq ft)
    • Basement - Ancillary - Not Measured
    • 1st Floor - Ancillary - 54.16 sqm (583 sq ft)


    Tenancy

    28 Kendrick Street

    • Let to C.RATCLIFFE (t/a Mosaic)
    • Let on a 5 year lease from 25/03/2022
    • Investment let at £17,500 p.a.


    Rent

    £17,500 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    VAT may be applicable however we believe the sale can be treated as TOGC (Please refer to legal pack)

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Stroud is located approximately 9 miles south of Gloucester and approximately 32 miles north-east of Bristol.

      Stroud is a busy market town located at the confluence of five deep valleys along the River Frome.

      The property stretches along the centrally located Kendrick Street, close to its junctions with High Street and Thread needle Street, adjacent to Mountain Warehouse.


      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums