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Sun St - Tewkesbury Library 6,274 SF Office Condo Unit Offered at $599,805 in Tewkesbury GL20 5NX
Executive Summary
The premises form part of an attractive brick-built building featuring extensive glazing, allowing for superb natural light throughout. Located above the library, the offices are accessed via a shared entrance from Sun Street, with pedestrian and lift access to the upper floors. The internal layout provides office accommodation in two parts per floor, which is largely open plan with some light internal partitioning. The lighting has been upgraded to integrated LED light panels throughout, and a new roof covering was installed in 2024. The property could be suitable for alternative uses, subject to obtaining all parties consents and any planning consents required.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Tenure | Long Leasehold |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
building featuring extensive glazing, allowing for superb natural light throughout. Located above the library, the offices are accessed via a shared entrance from Sun Street, with pedestrian and lift access to the upper floors.
125-year lease from 15 December 1989 (nearly 90 years) at a peppercorn rent
fixed for the term. The guide price is £450,000. The second floor is occupied by a firm of architects who can provide vacant possession on completion, or take a leaseback at a commencing rent of £35,000 per annum. The third floor is available with vacant possession.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2nd-3rd Fr | 6,274 SF | Office | $599,805 ($95.60/SF) | - |
Unit 2nd-3rd Fr
| Unit Size |
| 6,274 SF |
| Condo Use |
| Office |
| Price |
| $599,805 ($95.60/SF) |
| NOI |
| - |
Unit 2nd-3rd Fr
| Unit Size | 6,274 SF |
| Condo Use | Office |
| Price | $599,805 ($95.60/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
| Description | |
| Second and third floor office space that form part of an attractive brick-built<br> building featuring extensive glazing, allowing for superb natural light throughout. Located above the library, the offices are accessed via a shared entrance from Sun Street, with pedestrian and lift access to the upper floors.</li></ul> | |
| Sale Notes | |
| The property is held on a long leasehold interest being the residual term of a<br> 125-year lease from 15 December 1989 (nearly 90 years) at a peppercorn rent<br> fixed for the term. The guide price is £450,000. The second floor is occupied by a firm of architects who can provide vacant possession on completion, or take a leaseback at a commencing rent of £35,000 per annum. The third floor is available with vacant possession.</li></ul> |
Property Facts
| Total Building Size | 11,310 SF | Typical Floor Size | 2,828 SF |
| Property Type | Office (Condo) | Year Built | 1986 |
| Building Class | B | Parking Ratio | 0.71/1,000 SF |
| Floors | 4 |
| Total Building Size | 11,310 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 2,828 SF |
| Year Built | 1986 |
| Parking Ratio | 0.71/1,000 SF |
Amenities
- Controlled Access
Presented by
Sun St - Tewkesbury Library
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