Property Details

Hardwicke Gloucester GL2 4PY

GUIDE PRICE £700,000
Description

INVESTMENT OPPORTUNITY GLOUCESTER

House - Hardwicke Gloucester

The Starting Gate, Elmgrove Road East, Hardwicke, Gloucester, GL2 4PY

GUIDE PRICE  £700,000

 

LOCATION

This site is in Hardwicke just north of M5 J12 and is accessed via the A38.

 

DESCRIPTION

The site comprises 5 units,

3 self contained commercial units

UNIT 1

One Stop Stores Ltd
Full repairing and insuring lease commencing
26th January 2015 – 25th January 2030
Passing rent of £31,500 per annum exclusive
Open market rent review 2020 & 2025
Tenant break only at 2025 (Circa 7 years term certain) Copy of lease available upon request

UNIT 2

Tak Chung Shum
Full repairing and insuring lease commencing February 2018 – February 2033
Passing rent £12,000 per annum exclusive
R.P.I. linked rent reviews at each 5th anniversary Rent deposit £3,600
Copy of lease available upon request

UNIT 3

Tak Chung Shum
Full repairing and insuring lease commencing April 2018 – April 2033
Passing rent £10,000 per annum exclusive
R.P.I. linked rent reviews at each 5th anniversary Rent deposit £2,500
Copy of lease available upon request

 

2 self contained residential apartments

APARTMENT 1 Wesley House

One bedroomed apartment Let on an A.S.T.
Current rental £525 p.c.m.

APARTMENT 2 Wesley House

Two bedroomed apartment Let on an A.S.T.
Current rental £650 p.c.m.

TERMS

Currently generates a commercial rental income of £53,500 and a residential income of £14,100

Freehold

 

Property Features
  • House

Property Gallery

Tommy Hughes
Founder & Senior Partner
Phone: 01438 870 585