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The Maltings Merrywalks 4,010 sq ft Vacant Retail Property Stroud GL5 1QA £1,250,000 (£311.72/sq ft) 4.20% Net Initial Yield
Investment Highlights
- Prominent mixed-use property adjacent to the Five Valleys Shopping Centre and Vue Cinema
- Approximately 4,010 sq ft of vacant commercial accommodation over ground and lower-ground floors.
- Eight residential flats with seven currently generating rental income
Executive Summary
Mixed-use town-centre investment comprising a substantial four-storey building with eight residential flats to the upper floors and vacant commercial accommodation across the ground and lower-ground floors. Seven of the eight flats are currently let producing income, whilst one flat and the entire commercial accommodation are vacant, providing asset management, letting and conversion potential subject to obtaining any necessary consents. The property occupies a prominent position close to the Five Valleys Shopping Centre, Vue Cinema and Stroud railway station.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
4,010 sq ft
Costar Property Class
B
Year Built
1902
Price
£1,250,000
Price per sq ft
£311.72
Yield
4.20%
NOI
£52,500
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.40
Total Plot Size
0.23 ac
Parking
21 Spaces (5.24 Spaces per 1,000 sq ft Leased)
Amenities
- Bus Route
- Security System
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property is available by way of a new effectively FRI Lease at a commencing rental of £40,000 p.a. exclusive, for a term of years to be agreed.
| Space | Size | Space Use | Position | Available |
| Ground | 4,010 sq ft | Retail | In-Line | Now |
Ground
| Size |
| 4,010 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Ground
| Size | 4,010 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
The property is available by way of a new effectively FRI Lease at a commencing rental of £40,000 p.a. exclusive, for a term of years to be agreed.
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Maltings | Merrywalks
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