Church Street, Tetbury, Gloucestershire, GL8

Description

The property provides a terraced Class E premises. Currently occupied on a 10 year lease by a well-established regional estate agency practice. Occupying all four floors of the property with a sales and client facing area on the ground floor, offices and meeting rooms on the second and third floors along with storage and attic space on the fourth. In addition, there is a basement suitable for adhoc/ancillary storage, accessed via a small staircase on the ground floor. Set within the heart of Tetbury, a popular historic market town within the Cotswolds National Landscape. The Property is well positioned, overlooking the Market House a notable feature in Tetbury’s townscape and furthermore, is surrounded by a plethora of boutiques, independent shops and eateries.

Outside

The property does not benefit from any parking. Public car parks can be found within the immediate locality along with short stay on road parking.

Situation

The property is set within Tetbury, Gloucestershire. Set to the north of Bath Road, A433, the property benefits from excellent transport links with the A433 running through Tetbury and forming its High Street while Tetbury Road, the A4135, runs into Tetbury from the west. The property is also located 7.9 miles from the A46, which leads to M4 J18, 14 miles away.

Covenant

Founded in 2000, Perry Bishop is a prominent regional estate agent, with six branches and a dedicated London office. The Tenant operates across Gloucestershire, Oxfordshire and Wiltshire. The Tenant has operated from Church Street since 2014 PERRY BISHOP LTD Company number 05680262 have an excellent credit score and are deemed "Very Low Risk" by CreditSafe.

Planning and Listed Building Status

It is our understanding that the property has Class E usage formally B1 office. Prospective parties are advised to make their own planning investigations. The property is Grade II listed under the Planning (Listed Building and Conservation) Act 1990. List Entry Number: 1152533

Tenure

The freehold is subject to existing leasehold agreement. Prospective purchasers are advised to make their own investigations in this regard. Brief terms of the current lease agreement are as follows: • Renewal Lease by Reference to Existing Lease • 10 year term from 21 October 2025 • Permitted use as Estate Agents within Class E • Rent reviews 5 yearly increase only to open market rent • No break clauses • Full repairing terms • Within Landlord and Tenant Act 1954 Additional Lease information and a Lease Precis are available upon further request to the Agent.

Rights of Way & Easements

The property is sold with any rights, easements or incidents of tenure which affect it.

Services

The property is understood to benefit from mains service connections including water, drainage, electric and gas along with air conditioning to ground floor areas. Prospective purchasers are advised to make their own investigations in this regard.

Buisness Rates

Current rateable value - £13,500

VAT

Pending

Viewing

Strictly by appointment with agents David James