1 Gooches Court, Stamford

The property comprises of a three storey stone building beneath a pitched tiled covered roof with dormer windows, situated on the corner of Bath Row and the Bath Row Car Park.

Location - Stamford is a prosperous, historic market town renowned for Burghley House, its many listed stone buildings and is popular with tourists, visitors and shoppers. The town is situated adjacent to the A1 with Peterborough some 12 miles to the south east and Grantham approximately 20 miles to the north.

The property is located on a prominent corner position in the centre of the town overlooking The Meadows, River Welland and adjacent to the public car park and local amenities.

Description - The property comprises of a three storey stone building beneath a pitched tiled covered roof with dormer windows, situated on the corner of Bath Row and the Bath Row Car Park. All windows are double glazed units. A roller shutter door is installed in the shop.

Ground Floor, 1 Gooches Court is a ground floor lock-up shop with entrance and front elevation to Bath Row. It has a net internal floor area of 63.21 sq m (680 sq ft).

First Floor, 1 Gooches Court is an office comprising two rooms with a net internal floor area of 52.21 sq m (562 sq ft).

Second Floor, 1 Gooches Court is an open plan office with a store room to one end with a net internal floor area of 42.25 sq m (454 sq ft).

There are shared w.c and kitchen facilities at the rear of the building together with a separate side entrance door off Bath Row Car Park.

Tenancies - Ground Floor, 1 Gooches Court is subject to a 3 year lease commencing on the 1st July 2020, on internal repairing and insuring terms at a rent passing of £10,000 per annum exclusive. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954.

First Floor, 1 Gooches Court is subject to a 3 year lease commencing on the 20th April 2020 on internal repairing terms at a rent passing of £7,409 per annum exclusive. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954. The rent is subject to annual RPI increases.

Second Floor, 1 Gooches Court is subject to a 3 year lease commencing on the 20th April 2020 on internal repairing terms at a rent passing of £6,174 per annum exclusive. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954. The rent is subject to annual RPI increases.

The landlord manages the common parts of the building and charges back the cost of cleaning, utilities and electricity usage to the individual tenants. A proportion of the building’s insurance premium is recovered from the ground floor tenant only.

Services - We understand the property is connected to mains electricity, water and sewerage. No enquiries have been made of the relevant supply companies to confirm or otherwise the existence of these services.

Rating Assessment - From enquiries made to the Valuation Office website we understand that the following assessment applies:

Energy Performance Certificates -

Opportunity - The property has been in commercial use for many years and currently represents a good income producing investment opportunity. In addition there may be scope to develop all or parts of the property for residential use subject to the grant of the necessary consents.

Information Pack - An information pack is available on application to the agent containing:

•Copies of the leases
•Floor plans
•EPC’s
•Title Documents
•Electrical test report
•Asbestos Survey Report

Terms - The property is for sale freehold subject to leases, at a price guide of £475,000.

Vat - The property is not elected for VAT.

Viewing - For an appointment to view or further information please contact -
Charlie Burrows t: e:
Andrew Leech t: e: