North Street, Winchcombe

A Rare Opportunity in the Heart of WinchcombeThis Grade II listed mixed-use property offers an exceptional opportunity to acquire both a commercial unit and a spacious residential flat, all set in an exclusive position right in the centre of Winchcombe. With its attractive frontage and versatile Class E use, the ground floor unit is perfectly placed to benefit from the town’s vibrant footfall, while the residence above is full of character and charm.Location – WinchcombeWinchcombe is a thriving Cotswold town, renowned for its historic streets lined with traditional stone cottages, independent shops, tea rooms, and eateries. Nestled in a picturesque valley surrounded by rolling hills, it lies just 7 miles north-east of Cheltenham and 8 miles from Broadway. The town is not only steeped in history but also offers a lively calendar of cultural and leisure events, making it one of the most desirable locations in the Cotswolds.DescriptionThe property extends to approximately 78.24m² (844 ft²) and comprises: Ground Floor Commercial Unit – A light and inviting retail/office space with large shopfront windows and a characterful Cotswold finish. Suitable for a wide range of uses, the unit also benefits from a self-contained kitchen, WC, a small rear storage area, and additional basement storage. First Floor Residential Flat – Accessed via a private entrance, the flat is surprisingly spacious and beautifully presented. It features a generous living room, a modern fitted kitchen with integrated appliances, a large double bedroom with fitted wardrobes, and a bathroom with a shower-over-bath, basin, and WC. Original features add warmth and character, creating a wonderful home in the very centre of town.
Investment - The property is offered to the market as a part or whole purchase. Presently the ground floor demise is vacant with an anticipated rental being in the region of £14,000 per annum based on an Internal Repairing and Insuring Lease to include the shop frontage.The Residential demise is also available for purchase on a Long Leasehold and is marketed separately at a value of £185,000 for the Long Leasehold. The Flat is currently let on an Assured-Shorthold Tenancy for 12 months from 25/11/2024 for a rental value of £950 PCM. All offers are Subject to Contract and Without Prejudice.

Tenure - The titles are split under Long-Lease titles and allocated accordingly.Commercial: 999 years from and including 4 August 2023 and to and including 3 August 3022.

Residential: 999 years from and including 10 October 2022 and to and including 9 October 3022Business Rates - Business Rates: £12,000Qualifying businesses with a rateable value of £12,000 or below currently get 100% relief. This relief will decrease on a sliding scale for rateable values between £12,000 to £15,000. In addition, such businesses will have their bill calculated using the small business rates non-domestic rates multiplier.

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Epc - Commercial: 55 C

Residential: 42 E