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Commercial / Residential Portfolio - Russell Street, Gloucester, GL1 1NE
(Freehold – For Sale)
Mixed-use portfolio comprising a substantial office building, retail unit, 7 flats, 2 garages & a car park
Located in Gloucester City Centre in close proximity to the King’s Quarter redevelopment
Development potential subject to the necessary planning consent being obtained
The portfolio is offered as a single lot, with consideration given to the sale of individual properties
Quoting Price – £1.4m
2A RUSSELL STREET
The property is attached and is built of brick under a flat roof and is ‘L’ shaped, originally linking into the rear of 12 Clarence Street, although the entrances at ground and first floor levels have been sealed. Planning consent was granted in 2009 for a change of use from offices to three residential units with rear car parking.
The accommodation comprises:
Flat 1: Ground Floor Lobby, living room with kitchen area, 2 bedrooms, bathroom.
Flat 2: First Floor Lobby, living room with kitchen area, 2 bedrooms, bathroom.
Flat 3: Lower Ground Kitchen, Ground Floor Living room, First Floor Bedroom, bathroom
The three floors of this unit are linked by a spiral staircase. All mains services are connected to the property and each flat has a gas fired central heating system with radiators. There is a communal store in the lower ground floor.
The property comprises a substantial two storey Victorian building of brick construction, under a pitched slate covered roof behind a front parapet wall. There is a large two storey rear extension dating from the 1950s in brick under a flat roof. The property was in office use for many years but has been converted into four self-contained flats and comprises the following:
Flat 1 (front) With entrance directly off Russell Street, living room/kitchen, bedroom, bathroom.
Flat 2 (rear) Communal entrance hall, living room/kitchen, bedroom, bathroom.
Flat 3 (front) Entrance hall, living room/kitchen, two bedrooms, bathroom.
Flat 4 (rear) Living room/kitchen, bedroom, bathroom.
Each flat has an independent gas fired central heating system with radiators.
The property comprises a Florist Shop converted in 2009 from office use. It is attached, is single storey and constructed of facing brick to both the front and part of the side elevations, under a flat roof. There is a central pedestrian entrance door and front display windows, and the property has a gas fired central heating system. The approximate net internal areas are as follows:
Retail Shop 49.72 sq m (535 sq ft)
Rear Preparation area 19.52 sq m (210 sq ft)
Rear store with kitchen 34.39 sq m (125 sq ft)
Store 11.62 sq m (125 sq ft)
Cloakroom with WC and hand basin.
Total 115.25 sq m (1,240 sq ft)
There is a small concrete forecourt to the front.
ST ALDATE CHAMBERS
The property comprises a substantial attached four storey Victorian office building slightly set back from Russell Street behind railed forecourt and with the benefit of a rear car park for 6 cars. The property is constructed of smooth rendered elevations under a double pitched interlocking concrete tiled roof behind a high front parapet. There is a small two storey rear extension in matching materials with a flat roof.
The property is heated by way of a gas fired central heating system. The accommodation comprises a range of cellular and open plan offices, a fitted kitchen and WC facilities. The approximate net internal areas are as follows:
Lower Ground Floor 55.03 sq m (593 sq ft)
Ground Floor 61.46 sq m (661 sq ft)
First Floor 60.80 sq m (654 sq ft)
Second Floor 73.42 sq m (790 sq ft)
Total 250.71 sq m (2698 sq ft)
CAR PARK AND GARAGES
The access to the car park is off Russell Street via an electronically operated security gate.
It has a tarmacadum surfaced car park, the western part of which is constricted by a large pear tree.
It also includes two brick-built garages with pitched felt covered roofs and sliding wooden doors fronting Russell Street.
Portfolio (All Properties) - Brochure, Tenancy Schedule, EPC's & Safety Certificates