SOLD BY PUBLIC AUCTION (LOT 2) on Wednesday 16th November 2022. A substantial vacant commercial property offering 3887 sq ft of accommodation on three floors with parking and offering an excellent re-development opportunity.

Sold By Public Auction - Held at the Tayler & Fletcher North Cotswold Sale Room, Lansdowne, Bourton-on-the-Water, Gloucestershire, GL54 2AR on Wednesday 16th November 2022 at 6pm precisely. The turning to the Sale Room is diagonally opposite the Tayler & Fletcher office signposted Royal British Legion (along the driveway past Bourton Land Rovers).

Situation - The former Barclays Bank is situated in the Market Square of Stow-on-the-Wold in a prime trading location. Stow-on-the-Wold is an attractive famous old Cotswold market town with an excellent selection of shops supplying all normal requirements, galleries and antique shops. Local occupiers include, Scotts of Stow, Fat Face, The Crock, Rohan, Trespass, Sam Wilson and Huffkins. The area benefits from a number of boutique and traditional hotels, and has a range of popular eating and drinking establishments. The locality is served by a variety of superstores, Tesco, Co-operative, and farm shops such as Daylesford.

Description - The premises comprise a substantial commercial property offering 3887 sq ft of internal accommodation on three floors including 601 sq ft Zone A and 487 sq ft Zone B . The property is situated in a prime trading location in this popular Cotswold Market Town and has the benefit of car parking to the rear. The property is built chiefly of natural stone with rendered elevations to the rear beneath flat roofs. The accommodation which is now vacant the Bank having been decommissioned is shown on the floor plans and includes large Retail Area, Strong Room (de-commissioned), Ladies and Gents Cloakrooms, Offices and Stores, Staff Room.

Outside - To the rear of the property there is a good sized car park suitable for six to eight vehicles.

General Remarks And Information -

Viewing - Strictly by prior appointment via our Bourton-on-the-Water Office Telephone[use Contact Agent Button]

Tenure And Possession - Freehold with Vacant Possession upon completion

Planning - In 2015 planning permission was granted for the erection of a two bedroomed cottage in the car park area under Application Reference 15/00239/FUL. This permission has subsequently lapsed.

Services - Mains Water, electricity, gas and drainage are connected.

Local Authority - Cotswold District Council, Trinity Road, Cirencester, GL7 1PX Telephone[use Contact Agent Button]

Business Rates - Rateable Value £47,250 amount payable for the year 2022/23 £23,577.75

Special Conditions - These will be available from the Vendor's Solicitors offices fourteen days prior to the Auction Sale. They will not be read out at the Auction. It will be assumed that the purchaser has bid with full knowledge of such conditions of sale whether in fact he or she has inspected the same or not.

Reserve Price - The property will be offered for sale subject to an undisclosed Reserve and the Vendor retains the right for the Auctioneers to bid on their behalf up to the Reserve Price. The Vendor also reserves the right to sell or withdraw the property prior to auction.

Anti Money Laundering - The successful purchaser will be required to provide proof of identity to satisfy the Money Laundering Regulations. This will need to be a proof of address (utility bill no older than three months or council tax bill for the current period) and photographic ID (driving licence or passport).

Completion - On the fall of the hammer, the purchaser will be required to sign the contract in the sale room and pay a ten per cent deposit by cheque or bankers draft (not cash). Completion will be 28 days thereafter or earlier by mutual agreement when the balance of the monies are due.

Administration Fee - The successful purchaser will be liable for an administration charge of £1,000 plus V.A.T. payable to Tayler & Fletcher.

Vendor's Solicitors - Messrs Kendall and Davies, Cheltenham House, The Square, Stow-on-the-Wold, GL54 1AB Telephone[use Contact Agent Button] For the attention of Mr P. Huggins ([use Contact Agent Button])