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Former Bank in Excellent Corner Location with Redevelopment Potential (STP)

For sale: £475,000.00|5,269 Sq Ft|Retail, Office, Leisure, Offices

Property details

FOR SALE£475,000.00
SIZE5,269 Sq Ft
ADDRESS25 George Street & 4 King Street, Stroud, Gloucestershire, GL5 3DS
TYPERetail, Office, Leisure, Offices
TENUREFor Sale Freehold
POSTED ON4th June 2024

Description

The property occupies a prominent location on the corner of George Street and King Street within Stroud Town Centre.

The main features comprise :-
- Frontage to both King Street & George Street.

- Accommodation arranged over basement, ground and 1st floor.

- Former banking hall benefits from high ceilings, decorative plasterwork and timber panelling.

- A substantial, tiled basement is installed accommodating a walk in safe.

The property has a floor area extending to approximately 5,269 sq ft (489.49 sq m) measured on a Gross Internal Area (GIA) basis.

Previously occupied by a Bank, the property may be suitable for a variety of uses which could include, retail, office or leisure. Alternatively, the property may be suitable for residential re-development subject to obtaining the necessary consents.

Located within the main retail area, the property is within close proximity to Stroud Railway Station, providing a direct link to London Paddington, the bus station and the popular Five Valleys Shopping Centre.

Stroud is a popular market town in the Cotswolds in Gloucestershire and in 2021 was named as the Best Place to Live in the UK by the Sunday Times.


RATING

The 2023 Rating list shows the property is described as ‘Bank and Premises’ with a Rateable Value of £37,750.



QUOTING PRICE

£475,000 for the freehold interest with vacant possession on completion.



LEGAL COSTS

Each party will be responsible for their own legal fees involved in the transaction.



VAT

All prices are quoted exclusive of VAT.

Location

marker
Location: 25 George Street & 4 King Street, Stroud, Gloucestershire, GL5 3DS

Stroud (0.0 miles)

Stonehouse (2.6 miles)

Cam & Dursley (6.5 miles)

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