15 LONG STREET, TETBURY GLOUCESTERSHIRE GL8 8AA
A FREEHOLD OFFICE INVESTMENT
A unique opportunity to acquire a freehold office investment, prominently situated close to the centre of the busy market town of Tetbury and currently producing an annual rent of £28,500.
GUIDE PRICE: £425,000
FREEHOLD FOR SALE BY PRIVATE TREATY
LOCATION
The property is prominently situated in Long Street adjacent to the
Cooperative Supermarket and opposite the Close Hotel, a short distance
from the Highgrove shop and the market place. Tetbury is the second largest
town in the Cotswold District with a population of approximately 6,000.
It lies 11 miles south west of Cirencester, 14 miles from the M4 motorway
and within Bristol and Bath’s sphere of influence. Tetbury is a typical small
market town with the usual range of facilities and amenities. The centre of
the town has a very high level of architectural and historic interest where
there is a major concentration of listed buildings.
DESCRIPTION
The property comprises a substantial three storey period office building
immediately fronting Long Street. The property is listed Grade II as being
of historic and architectural merit, built in the Georgian era as a dwelling
house and has been used for commercial purposes probably since the early
1970s.
ACCOMMODATION
On the Ground Floor:
Entrance hall, reception - 16’ x 13’9”,
cloakroom,
inner hall, office 1 - 17’2” x 15’,
office 2 - 14’ x 11’6”.
On the First Floor:
Landing, office 3 - 15’7” x 13’ 11” with store/office of 13’11” x 5’8”,
office 3a - 10’ x 6’10”,
office 4 - 19’11” x 15’ av.,
kitchen 15’2” x 12’.
On the Second Floor:
Landing, office 6 - 14’6” x 11’6”,
office 7 - 14’6”
x 10’,
office 8 - 18’8” x 15’5” with archive store of 15’5” x 3’10”.
Cellar: 33’ x 13’3” plus vault - 16’ x 12’.
Summary:
Ground floor: 683 sq.ft.
First floor: 846 sq.ft.
Second floor: 661 sq.ft.
Sub-total: 2,190 sq.ft. net (203 sq.m.)
Plus cellar: 437 sq.ft.
Vault: 192 sq.ft.
Sub-total: 629 sq.ft (58 sq.m.)
Total floor area approx. - 2,819 sq.ft. (261 sq.m.)
Small courtyard approx. 37’9” x 6’ av.
GENERAL INFORMATION
- Services: It is understood that all mains services including gas are
connected to the premises.
- Lease Terms: Tenant: J C de C Scott assigned to Michael Hodge
(Ouvry Creed).
Term: 14 years from the 29th September 2004
(expiring 28th September 2018).
Rent: £28,500 pax.
Repairs: Full repairing.
Reviews: 29th September 2008, 2012 and 2016.
Insurance: Landlord insures and the tenant reimburses
by way of an insurance rent.
User: Offices.
- Value Added Tax: Should any sale of the property or any right
attached to become a chargeable supply for the purposes of Value
Added Tax such monies shall be payable by the Purchaser in addition
to any monies to be paid during the course of the sale.
- Information Package: Copies of the Lease documents are available
for inspection at this office otherwise at a charge of £10.
- Local Authority: Cotswold District Council, Trinity Road, Cirencester,
Gloucestershire GL7 1PX, tel: (01285) 623 000.
- Viewing: Strictly by prior appointment through the sole agents
Moore, Allen & Innocent (01285) 648 104.
Moore Allen & Innocent for themselves and for the vendors or lessors of this property whose agents they are give notice that:
- the particulars are set out as a general outline only for the guidance of intending purchaser or lessees, and do not constitute, nor constitute part of, an offer or contract;
- all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
- no person in the employment of Moore Allen & Innocent has any authority to make or give any representation or warranty whatsoever in relation to this property.