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Long Street, Wotton-under-Edge, Gloucestershire, GL12

From
£1,250,000

Business rates & charges may apply

David James, Wotton-under-Edge
SIZE

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SECTOR

High street retail property for sale

Key features

  • Investment opportunity
  • Existing Business not affected
  • Good rental income, circa £85,000 p.a.
  • Scope for higher rents
  • Shop (689ft2 / 64m2)
  • 12 Flats and Bedsits
  • One-bedroom cottage

Description

An investment opportunity with ground floor shop (689ft2 / 64m2), 12 flats and bedsits, and a one-bedroom cottage. Fully occupied and generating an income in the region of £85,000 per annum.

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 £85,000 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 –

Brochures

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

About David James, Wotton-under-Edge

Well House, The Chipping, Wotton-Under-Edge, GL12 7AD

David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.

Notes

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