Commercial properties for sale in Caine Square, GL51
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The sale of this investment offers the opportunity to acquire an investment as a company purchase which offers significant tax advantages for purchasers further details are available from the selling agents. The company has been within a single family ownership for approximately 60 years. The owners have maintained near full occupancy by ensuring the property is well maintained and offering the smaller accommodation within the Pershore Market on 'easy in easy out' licences at competitive rental levels. The investment opportunity provides a balanced mix of income from commercial and residential uses. A significant number of the tenants are long standing occupiers. The gross income is summarised below. Full details are available on application from the selling agents, who can provide a full tenancy schedule by providing access to the Data Room.
The investment comprises of a significant town centre property holding totalling approximately 2.33 acres (0.942 ha), which is situated immediately adjoining Asda supermarket, the town's only supermarket and in turn providing the central focal point alongside the subject market for the town.
The Pershore Retail Market itself comprises, a long-standing and popular retail market, which consists of a recently refurbished detached building, which internally is fitted out with a series of permanent independent market stalls.
There is surrounding this building a number of single storey and two storey buildings offering a range of office, storage, retails and residential units. The property benefits from 104 customer car spaces within the site.
Fronting the High Street is a row of traditional retail units with predominantly self contained residential accommodation above.
The property also includes a single storey car workshop and separate car wash bay.
The full extensive nature of the investment opportunity can only be appreciated via undertaking an inspection of the property.
The premises comprise a terrace of industrial units of steel portal frame construction with part brick/part clad elevations under a fully clad roof. Each unit is self-contained and is accessed by a vehicular door or pedestrian door.
Externally, there is allocated parking in the yard to the front of the units.
TENANCIES The units are fully occupied, however, formal lease agreements are not in place. The vendor has been arranging the buildings insurance and maintaining the exterior of the properties. The tenants are responsible for maintaining the interior of the properties and any running costs such as business rates and utilities.
The current rental income is set out below.
Unit Rent per annum exclusive of VAT 13 £6,760 14 £3,680.04 15 £4,419.96 16 £3,900 17 & 18 £8,839.92 19 £2,919.96 (*) Total £30,519.88 * A concessionary rent was agreed for a related party.
Gloucester - Units 13-19 Chase Lane Industrial Estate, Eastern Avenue
Type: Industrial, Distribution Warehouse, General Industrial, Industrial Park, Light Industrial, Warehouse, Storage, Trade Counter, Retail
Units 13 to 19 Eastern Avenue, Chase Lane, Gloucester, GL4 6PHGBGloucesterGloucestershireGL4 6PHUnits 13 to 19, Eastern Avenue, Chase Lane
The properties comprise 2 adjoining buildings on the Upper Mills Trading Estate.
Unit 1 comprises a two storey building of stone construction under a pitched clad roof. The property is accessed by way of a pedestrian door and there is a loading bay to the front. The layout is cellular and includes a range of offices, stores and workshops with a kitchen and WC also provided. The property benefits from uPVC windows, has strip lighting and electric wall mounted heaters.
Unit 6 is a three storey former Mill Building of stone construction under a pitched tiled roof with parapet walls. Each floor is accessed from a communal staircase and comprises the main workspace with WC facilities. The ground floor has been used as a workshop; the first floor is fitted out as a commercial kitchen and the top floor, a photographic studio.
There is allocated parking adjacent to the buildings.
TENANCIES Unit 1 Vacant. Unit 6 - ground floor Occupied by way of a lease for a period to expire 23rd October 2020 at a rent of £3,000 per annum. Unit 6 - first floor Vacant. Unit 6 - second floor Occupied by way of a lease for a period to expire 23rd October 2020 at a rent of £4,200 per annum. Copies of the tenancy agreements are available upon request.
Unit 1 has an Energy Performance rating of F-138. Certificate Ref. No. 9673-3039-0053-0900-2391. Unit 6 has an Energy Performance rating of E-123. Certificate Ref. No. 0490-9655-2830-3100-9203.
STONEHOUSE - UNITS 1 AND 6 UPPER MILLS TRADING ESTATE, BRISTOL ROAD
Type: Offices, General Industrial, Industrial Park, Light Industrial, Warehouse, Storage, Industrial
A town centre retail investment comprising a ground floor lock-up shop t/a The Charcoal Grill with residential accommodation above in a prominent Grade II Listed building which is let on an FRI lease until 11 December 2025, subject to rent reviews on 11 December 2015 and 2020, and at a current rent of £25,000 pax [VAT is not currently charged].
4 & 4A GEORGE STREET, STROUD, GL5 3DX
Type: Retail - High Street, Residential, Retail
4 George Street, STROUD, GL5 3DXGBStroud, StroudGloucestershireGL5 3DX4, George Street