Investment opportunity for sale in Gloucester

This property is marketed by:
ASH Chartered Surveyors

Description

The property comprises a three-storey building with a takeaway restaurant on the ground floor and two-bedroom residential flat above. The building is constructed of solid brick under a pitched tiled roof.

The ground floor accommodation in No. 41 comprises a retail area to the front with serving area, fully fitted commercial kitchen and storage to the rear. It has a fully gazed frontage, painted plastered walls, a suspended ceiling with inset LED lighting and tiled floor.

The flat in No. 41 is self-contained with access provided via a staircase from the side alleyway and the accommodation comprises two bedrooms, a living room, kitchen and shower room.

The shop has an EPC Rating of D-97, and the flat has an EPC Rating of E.

TENANCY

The property is occupied on an informal basis by Mr Rahman trading as Bhaji’s with no lease in place. The tenant is currently paying a rent of £12,000 per annum.

Location

Gloucester is located approximately 9 miles (14.5 km) west of Cheltenham, 35 miles (56.2 km) north of Bristol, 55 miles (88.5 km) south of Birmingham and 100 miles (161 km) west of London. Access to the motorway network is available at Junctions 11, 11A and 12 of the M5 and Junction 15 of the M4 at Swindon. The link to the M4 is via the A417/A419 trunk road. The property is situated on the eastern side of Bristol Road, approximately 1 mile south of the city centre, close to the Madleaze Estate entrance.

Accommodation

(Approximate net internal areas) 

Ground Floor

Retail 30.18 sq m (325 sq ft)

Kitchen 26.88 sq m (289 sq ft)

Store1 5.82 sq m (63 sq ft)

Store 2 4.94 sq m (53 sq ft)

Sub total 67.82 sq m (730 sq ft)

First Floor

Living Room 5.13 m x 3.68 m

Dining Room 3.81 m x 3.75 m

Kitchen 2.07 m x 2.61 m

Shower Room 1.75 m x 2.06 m

Second Floor

Bedroom 1 2.65 m (max) x 4.19 m (max)

Bedroom 2 4.29 m x 3.07 m