October 2021: Tuesday 05 October 2021 - 9:00am
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Floorplan
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    Key features

    • Investment Let at £31,700 per annum·        
    • Commercial tenant has agreed a 6 year extension to their existing Lease - LEX 2029·        
    • Commercial unit passing income of £20,000 per annum·        
    • Commercial tenant has been in occupation since 2017·        
    • 3 bedroom flat with entrance located at the side of the property producing £11,700 per annum    
    • Located on a central pitch on the high street within the market town of Stroud

    Description

    The property is arranged as shop unit on the Ground floor and a 3 bedroom flat located over the three upper floors. The self contained flat is accessed via the side entrance on Bedford Street.

    Nearby occupiers include Boots, Holland & Barrett, Superdrug, Costa, Greggs as well as a range of Established independent retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Retail Shop unit approximately 1,011 sqft (taken from the VOA)

    First Floor - Landing with access to the Outside terrace, Living Room, Kitchen

    Second Floor - Bedroom, Bathroom W/C

    Third Floor - 2 x Bedrooms

    Tenancy

    Ground Floor - Trading as Fone Revive

    • Let to Century 21 Mobile Ltd on 6 years from 23.04.2017 to the 23.04.2023
    • A reversionary lease has been completed extending the lease period for 6 years from 24.04.2023 to 23.04.2029
    • Investment let at £20,000 per annum


    Residential Upper Floors

    • Let on and AST from the 30.12.2020 for 12 months.
    • Investment Let at £11,700 per annum

    Rent

    Total current rent £31,700 per annum
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      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

      The property is located on the junction of High Street and Baker Street (pedestrian cut through)

      Stroud is a prosperous market town located in Gloucestershire and on the edge of the Cotswolds.

      Stroud Station is located approximately 0.2 miles from the property

      Transport

      Stroud Station - Great Western Services to Swindon, Cheltenham Spa, and London Paddington

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      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