17, Salter Street, Berkeley, GL13 9BS

ADDRESS

17 Salter St, Berkeley, Gloucestershire GL13 9BS

THE PROPERTY

A Freehold mixed use property ( 1649 Sq Ft ) with retail unit on the ground floor & basements plus self contained flat on the upper floor.
Sold subject to tenants in retail unit and vacant flat.

LOCATION

The property is situated in a popular historic town centre which is famous for its Castle and the Jenner museum. The attractive town centre has a range of local retailers along with library, doctors surgery and primary school. Berkeley town is well placed for access to the adjoining towns of Thornbury and Dursley, both have a wider range of shopping facilities along with leisure facilities including swimming pool, golf courses and gyms. Cam/Dursley 'Park and Ride' railway station is within a ten minute drive which provides easy access to Gloucester, Bristol and Cheltenham and onward connections to the National Rail Network. The town is also well placed for access to the A38 and M5/M4 motorway network.

THE OPPORTUNITY

MIXED USE INVESTMENT WITH POTENTIAL INCOME OF £14 / £15K PA

COMMERCIAL UNIT

The current 5 year lease has now lapsed and is occupied under a tenancy at will.
The tenants were granted rent concession through lockdowns for the months they were closed but have paid monthly (rather than quarterly as the lease) rent at £520.83 pcm (£6,250 pa) to date since plus insurance costs.
We understand they are now open to a new long term lease - refer to online legal pack.

FLAT ( SCOPE FOR UPDATING )

The flat is empty having been vacant since end of August 2021.
We understand the rental value is circa £650 pcm with scope to increase if renovated.

EPC

For full details of the EPC please refer to the online legal pack.

PROPERTY DETAILS DISCLAIMER

Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller.