Property

Rare commercial investment opportunity in the heart of Stow-on-the-Wold.

Stow-On-The-Wold - STOW ON THE WOLD is an attractive market town with an excellent selection of shops including Scotts of Stow, Fat Face, Cotswold Cheese Company, The Crock Cook Shop, Cutter Brooks, D'Ambrosi Fine Food, Domestic Science, Rohan and Huffkins Bakery. The town also has the benefit of a range of boutique pubs, bars, and restaurants. There are also a number of well known farm shops in the nearby vicinity including Daylesford and Diddly Squat Farm Shop.
Nearby towns include Cheltenham (18 miles), Bourton-on-the-Water (5 miles), and Burford (10 miles).

The Property - Good quality commercial investment opportunity.
Sold freehold, with upper floors rented on a long lease.
Good town centre position with parking immediately available.
Use class E formerly A3.

Lease (Ground Floor Retail) - Tenant: Hacketts Food and Drink Company (Stow ) Ltd.
Term: 6 years.
Commencement date: 15th March 2019.
Passing rent: £16,184 (Starting May 2022).
Rent Review: April 2022.
Outside the provisions of s.24-28 of the LTA 1954.
Insurance: Tenant to repay landlord buildings insurance being 60% of the whole for the building.
Repairing Obligations: Tenant responsible for all internal repairs, 100% of single storey extension repairs and 50/50 of repairs to the main structure and shared lobby access. Tenant to decorate internally and externally every 3 years.

Long Lease (Upper Floors) - Upper floors in residential use and held on a long leasehold.
Produces a ground rent of £75 per annum.
Circa 60 years unexpired.

Full Lease Details - For full lease details, please request from the agents.

Dining Area - 16'11' x 14' 11" overall - Display window with 2 ceiling spot light tracks, seagrass carpet. Opening to bar and coffee area, swing door, door to side entrance.

Kitchen - 9'10 x 6'11" narrowing to 6'9" - Comprehensively fitted kitchen with oven, 6-ring gas hob, extractor hood, single bowl stainless steel sink unit. Wash hand basin, tiled walls, ample shelving. Quarry tiled floor.

Rear Lobby - Door direct to tearoom and to the exterior, coat hooks.

Separate Wc - Hand basin, electric water heater, electric panel heater, tiled floor, wall cupboard.

Services - Mains water (metered), gas, electric and drainage are connected.

Rateable Value - Rateable Value £7,900. This shop may benefit from retail relief and Small Business Rates Relief so it is advised that interested parties should make their own enquiries to the local billing authority (Cotswold District Council) to ascertain the exact rates payable.

Legal Costs - Each party to bear their own legal fees.

Viewings - Viewings Strictly by Appointment with Tayler and Fletcher.
Telephone:[use Contact Agent Button].
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Local Authority - Cotswold District Council, PO Box 9, Council Offices,Trinity Road, Cirencester, GL7 1PY Telephone:[use Contact Agent Button]