3 Church Street, Stow-on-the-Wold

For Sale: Ground floor retail premises in the heart of Stow on the Wold

Location - Stow-On-the-Wold is a famous old market town with an excellent selection of shops supplying all normal requirements, good business and educational facilities, and various places of worship. Local occupiers include Scotts of Stow, Fat Face, Cutter Brooks, D'Ambrosi Fine Foods, Domestic Science, Fairfax and Favor, The Crock, Tresspass, Rohan and Huffkins. The area benefits from a number of boutique and traditional hotels, and has a range of eating and drinking establishments. The locality is served by a variety of superstores, such as Tesco, Co-operative, Aldi and farm shops such as Daylesford, Soho Farmhouse and Diddly Squat Farm Shop.

Description - For Sale: The long leasehold interest (999 years from 2012) in Shop 3 The Old Forge (Ground Floor Shop). The property is located in Church Street with return frontage looking towards St Edwards Church, a busy thoroughfare within the town.

The ground floor shop has direct access from the street and has good display windows with double frontage onto Church Street and exhibits plenty of character with exposed timbers and a large fireplace. There is an office, store room and cloakroom at the rear with a cellar beneath part. The total Net Internal Area is approximately 533 sq ft (49.49 sq m).

The property is Grade II Listed.

Services - Mains water, electricity and drainage are connected.

Tenancy - The unit is currently let to:

Tenant: Crona’s Candles Ltd
Rent: £15,500
Lease Term: 3 Years
Lease Commencement: April 2023
Break: Year 2
Tenancy: Outside the provisions of parts 24-28 of the Landlord and Tenant Act 1954
Rent Review: End of year 2 Upward only to market rent
Rent Deposit: 3 month rent deposit held.
Directors Guarantee
Repairs: Fully repairing and insuring. The shop is responsible for 7.4% of all repairs to the entire building and the buildings insurance premium.

Full lease details available from the agent.

Outgoings - The current rateable value is £13,750 . Small business rates exemptions may apply.

Repairs And Insurance - The long leaseholder is tasked with covering 7.4% of all repairs for the entire building, of which 3 Church Street is a part, as well as the buildings insurance premium. These costs are passed on to the tenant in full.

Legal Costs - Each party to pay own legal costs.

Epc - Pending

Local Authority - Cotswold District Council, Trinity Road, Cirencester, Glos. Tel.

Reservation Deposit - Prospective purchasers to pay £1,000 reservation deposit. This will be returned on exchange but retained by the agents in the event that the prospective tenants withdraw for any reason.

Viewing - Strictly by appointment only through the Sole Agent, Tayler and Fletcher. Tel. .

Agents Note - Note: This property is owned by the family of a consultant at Tayler and Fletcher.