0 Bed InvestmentParsonage Street, Dursley

Investment property, **Business not affected ** fully let, ground floor shop with two suites of separately accessed offices, located within Dursley town centre. Shop with approximate retail area of 674 sqft with store room, kitchen and w.c. off. Well appointed office suites with six first floor offices, shared WC and kitchenette and gas central heating, double glazing. Energy Rating D

Situation

The premises is situated in Parsonage Street in the centre of Dursley and is ideally situated for town facilities including supermarket, a range of local traders, library, swimming pool and sports hall. Dursley is well placed for commuting to the larger centres of Gloucester, Bristol and Cheltenham via the A38 and M5/M4 motorway network. Cam has a Park and Ride railway station with onward connections to the national rail network.

Description

This modern shop and office suites are situated in the heart of Dursley town,. Constructed in the late 1980's, the ground floor has been let to Intersound as a guitar shop for in excess of 30 years. The first floor offices are let to two separate occupiers and have gas central heating, ground floor shared kitchenette and male & female toilets.

Directions

The property can be found in Dursley town centre in the pedestrianised shopping area in Parsonage Street and comprises the Intersound shop and side passage giving access to the office suites.

Accommodation

(Please note that our room sizes are quoted in metres to the nearest one hundredth of a metre on a wall to wall basis. The imperial equivalent (included in brackets) is only intended as an approximate guide).

Shop

11.95m x 5.26m (39'2" x 17'3" ) - With double shop frontage and central door.

Worshop/store

5.64m x 5.34m (18'6" x 17'6" ) - With Kitchenette and w.c off.

Offices Entrance Lobby

With part-glazed door and side screen, stairs to first floor.

Shared Kitchenette

With single drainer sink unit, base cupboard.

Shared WC One

With low level suite, wash basin, electric extractor fan, cupboard housing gas fired heating boiler.

Shared WC Two

With low level wc, wash hand basin, electric extractor fan, radiator - shared with first floor front office.

On the First Floor

Landing

With sky light over stairwell. Doors to two office suites:-

Rear Offices Reception/Office One

6.96m x 4.70m narrowing to 4.19m (22'10" x 15'5" n - Two radiators, windows, access to roof space, fitted cupboard, laminate flooring.

Office Two

4.81m x 2.79m - Radiator, window, laminate flooring and built in recess shelving.

Office Three

3.27m x 3.69m - Radiator, laminate flooring, built in cupboard and roof light.

Front Office Hallway

Window to side

Office One

4.25m x 4m (13'11" x 13'1") - Window to side radiator, door to :-

Office Two

3.55m x 3.2m (11'7" x 10'5") - two windows to front and one to side, radiator.

Office Three

3.6m x 3.07m (11'9" x 10'0") - Window to front, porthole window and radiator.

Store Room

2.7m x 1.8m (8'10" x 5'10" ) - Window and radiator

Service Charge

The costs for buildings insurance, electricity and rates will be recharged between the tenants.

VIEWING

By appointment with the owner's sole agents as over.

AGENTS NOTE

Shop - Contractual Term: 1st December 2023 ending on 31st March 2029 at a commencing rent of £11,000pa,
Rent reviews on 1st April 2024 and 2028.
The Tenant also has to pay the Insurance rent equal to 40.5% of the Landlord’s cost off insuring the building. The Tenant also has to contribute 40.5% f the Landlord’s costs in keeping the roof, exterior walls and structure in good and substantial repair.

Front offices - lease expires 6th February 2027
Break 6th February 2024 and 2026 for both landlord & tenent
Rent £4,200 – reviewed 7th February 2024 and 2026
Tenant reimbursing insurance and utilities costs only
1954 Act – excluded

Rear offices - Lease expires 6th April 2027,
Either party may break on 7th April 2024 and 2026
Rent £4,500 – reviewed 7th April 2024 and 2026.
Tenant reimbursing insurance and utilities costs only.
1954 Act – excluded