Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Potential for redevelopment subject to the necessary consents being obtained.
- Total rental income of £83,906.80 per annum.
- Based on the income outlined above, the quoting price of £1,100,000 would result in a gross initial yield of approximately 7.39% or net initial yield of 7% after purchaser’s costs of 5.55%.
Units 1, 2, and 3
Located at the southern end of the estate, set back but facing from the main road, comprising a terrace of three retail units, each with a front sales area and rear staff room/kitchenette and WC. The units are of part rendered reconstituted stone and block construction with a single pitched tiled roof and pitched profiled mineral cement asbestos roof and single glazed timber framed display windows. Internally the units have solid flooring with emulsion painted wall and ceiling with fluorescent lighting.
Units 4 and 9
The flats are located on the ground and first floors (also second floor within loft space) of the Cotswold stone building with a pitched tiled roof, upvc double glazed windows throughout and gas central heating via perimeter radiators. Each flat has two bedrooms, a living room, kitchen and bathroom.
Units 5, 5A and 6
A single and two storey building of rendered brick construction with a pitched tiled and corrugated cement asbestos roof and upvc double glazed windows. The ground floor has concrete floor and utilised as a dry cleaners in Unit 5 and a store in Unit 6. The first floor Unit 5A is utilised as a store and staff room. Unit 6 has a steel concertina entrance loading door. Access to Unit 5A is via an external steel stair.
Unit 7
A single storey retail unit of blockwork, stone and timber construction with a concrete floor, single glazed timber framed display window, double timber loading doors and a corrugated steel half barrel roof. Internally the unit has an open plan retail sales area, staff area and WC.
Unit 8
Located fronting the Old Market comprising a two storey detached building of concrete frame with reconstituted stone and blockwork infill elevations beneath pitched corrugated mineral cement asbestos roof covering.
The ground floor shop has single glasses timber framed display windows and entrance door with an open plan retail sales area small staff office and WC. The accommodation is carpeted has emulsioned wall and suspended ceiling with integral fluorescent lighting and cassette air conditioning units.
The tenant Brutons Hardware is an independent hardware store that has been trading on the same site since 1856 and is one of Nailsworth’s longest running family businesses have started as a small ironmongery business. When Old Market was formed in the mid 1960’s Brutons Ironmongers was the first building to be built on the new road.
The first floor office accommodation has external concrete and steel staircase access to the side and rear and is occupied on a long leasehold basis.
Units 10, 10A and 10B
Three adjoining single storey kiosk style retail units located at the rear of the southern end of the estate the unit comprise three storage workshops of rendered blockwork construction with pitched and lean too roofs with profiled and corrugated mineral cement asbestos sheet roofing. Access to Units 10 and 10B is via an external steel staircase.
Nailsworth is a town located at the confluence of the Avening Valley and Woodchester Valley within the southern Cotswolds with a population of some 5,800 (Census 2011), approximately 4 miles south of Stroud (via the A46 trunk road), 13 miles west of Cirencester, 13½ south of Gloucester, 18 miles south of Cheltenham, 8 miles east of Dursley and 28 miles northeast of Bristol. Motorway access is available at Junction 13 of the M5 motorway, 8 miles to the northwest, whilst Junction 18 of the M4 motorway is approximately 15 miles to the south. The property is situated within the centre of Nailsworth, fronting the western side of Old Market Street within a mixed retail and residential area and just south of the local library. On street and public car parking is available within the vicinity.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 102555-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ash Chartered Surveyors - Gloucestershire.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.