Hucclecote Road, Gloucester

Description

The property includes a commercial unit on the ground floor, featuring a shop front, office, storage space, and cloakroom. Above the commercial unit, there is a two-bedroom maisonette with a private entrance. The maisonette is spread over two floors, offering spacious accommodation, though it requires modernisation throughout.

Externally, the property also includes a garage and an allocated off-road parking space.

Rateable Value

£8,400 is the rateable value for this property set by the Valuation Office Agency.

It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate your business rates bill.

Business Rates

Business rates are used to partly fund local council services.

Estimated Business Rates Based On The Rateable Value of £8400.00

Small Business: £4,191.60
Standard Business: £4,586.40

Charges

We are advised that there is a maintenance fee of circa £2200.00 per annum. This is paid to Martin Slowe Property Services Ltd.

Rental Income:

We understand that the current rental income is far below market value however believe that the potential is there when under new ownership.

Commercial Unit:
Current Rent: £800.00 pcm
Potential: £1250/ £1500.00 pcm

Maisonette:
Current Rent: £525.00 pcm
Potential: £900.00 pcm

Garage:
Potential: £750 pa

Agents Note

- We are advised that the current tenants lease on the commercial property ends in January 2025. The space will then be vacant in readiness for the new owner.

- We are advised that the current tenant renting the maisonette has been giving notice and will vacate the property before the end of January 2025 to coincide with the commercial space downstairs. The property will then be vacant in readiness for the new owner.

Tenure

Freehold

Local Authority

Gloucester City Council

Maisonette Council Tax Band: A

Services

Mains water, electricity and drainage.

Awaiting Vendor Approval

Details are yet to be approved by the vendor and may be subject to change. Please contact the office for more information.