Long Street, Wotton-under-Edge, Gloucestershire, GL12
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Investment opportunity
- Existing Business not affected
- Good rental income, circa £90,000 p.a.
- Scope for higher rents
- Shop (689ft2 / 64m2)
- 12 Flats and Bedsits
- One-bedroom cottage
Description
Lot 1: Guide Price £500,000 (Hatched Blue
Ground floor shop and four residential flats. Pedestrian access rights reserved for Lot 2.
Lot 2: Guide Price £750,000 (Edged Red)
5 studio flats, 3 bedsits, courtyard, one-bedroom cottage and garden.
Description
An opportunity to purchase a mixed-use investment property, occupying a prominent position within the heart of Wotton-under-Edge. The property is marketed subject to an existing lease for the shop and Assured Shorthold Tenancies, for the flats and cottage. The existing shop business is not affected by the freehold sale. The shop extends to approximately 689ft2, comprising retail area, kitchen, storage, and cloakroom, with direct pedestrian access. There is also a cellar beneath the shop which is owned by the freeholders but does not form part of the existing lease. There are nine flats and three bedsits in good tenantable and decorative order, being well-maintained by the current Landlords. The property is connected to mains electricity, water and drainage.
Situation
The property is situated on the main high street of the historic market town of Wotton-under-Edge. The M5 Junction 14 is approximately 5 miles away while the M4 is approximately 11 miles distant, allowing for good access to Bristol, Gloucester, Cheltenham and South Wales. Locally, Wotton-under-Edge boasts a wide range of independent and national shops.
Outside
The property has pedestrian access direct from Long Street with separate entrances to Lot 1 and Lot 2, and the cottage.
Lease
An existing 5-year commercial lease on the ground floor shop unit commenced in January 2024. The lease is internal repairing with the Landlord responsible for structure. Further details on request. The flats and bedsits are let under the terms of Assured Shorthold Tenancy agreements. The total combined annual income is in the region of £90,000 p.a. with potential to increase the income.
Business Rates
Current Rateable Value – £12,000
Local Authority
Stroud District Council –
Viewing
Strictly by appointment with the Agents: David James –
Long Street, Wotton-under-Edge, Gloucestershire, GL12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cam & Dursley Station5.5 miles
Notes
Disclaimer - Property reference WOR240002. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by David James, Wotton-under-Edge. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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