Fully let mixed-use investment for sale in Gloucester

This property is marketed by:
ASH Chartered Surveyors

Description

It comprises an end-terrace two storey building of rendered brick construction under a pitched tiled roof with residential on the first floor and a self-contained retail unit at ground floor level with fully glazed shop front.

The ground floor includes the main retail area with a kitchenette and WC to the rear. The flat accommodation comprises a two-bedroom flat with open plan kitchen/dining/living area and bathroom.

Tenancies

The retail unit is let for a period of 5 years from December 2022 at a rent of £8,000 per annum. The lease includes a tenant’s break clause and rent review on the 3rd anniversary. A 3-month rent deposit is held. The flat is let on an Assured Shorthold Tenancy (AST ) at a rent of £825 per month.

The yard to the rear is vacant.
Further information is available upon request.

Terms

The property is offered freehold subject to the occupational tenancies in place.

Location

The property is situated on a corner position at the junction of Seymour Road and Cecil Road, approximately one mile south of the City Centre. It is situated in a prominent position in a residential area and there are several commercial premises in the vicinity with further amenities provided along the Bristol Road.