Property for sale
Property description & features
- Tenure: Freehold
- Income Producing
- Ground Floor Shop
- Busy Trading Position
- Return Frontage
- Period Features
- WC and Cellar
- 4 Years Unexpired Lease Term
- Retail Space approx 428 sq ft
Location - Stow-On-the-Wold is a famous old market town with an excellent selection of shops supplying all normal requirements, good business and educational facilities, and various places of worship. Local occupiers include Scotts of Stow, Fat Face, Cutter Brooks, D'Ambrosi Fine Foods, Domestic Science, Fairfax and Favor, The Crock, Tresspass, Rohan and Huffkins. The area benefits from a number of boutique and traditional hotels, and has a range of eating and drinking establishments. The locality is served by a variety of superstores, such as Tesco, Co-operative, Aldi and farm shops such as Daylesford, Soho Farmhouse and Diddly Squat Farm Shop.
Description - For Sale: The long leasehold interest (999 years from 2012) in Shop 3 The Old Forge (Ground Floor Shop). The property is located in Church Street with return frontage looking towards St Edwards Church, a busy thoroughfare within the town.
The ground floor shop has direct access from the street and has good display windows with double frontage onto Church Street and exhibits plenty of character with exposed timbers and a large fireplace. There is an office, store room and cloakroom at the rear with a cellar beneath part. The total Net Internal Area is approximately 533 sq ft (49.49 sq m).
The property is Grade II Listed.
Services - Mains water, electricity and drainage are connected.
Tenancy - The unit is currently let to:
Tenant: Crona’s Candles Ltd
Rent: £15,500
Lease Term: 3 Years
Lease Commencement: April 2023
Break: Year 2
Tenancy: Outside the provisions of parts 24-28 of the Landlord and Tenant Act 1954
Rent Review: End of year 2 Upward only to market rent
Rent Deposit: 3 month rent deposit held.
Directors Guarantee
Repairs: Fully repairing and insuring. The shop is responsible for 7.4% of all repairs to the entire building and the buildings insurance premium.
Full lease details available from the agent.
Outgoings - The current rateable value is £13,750 . Small business rates exemptions may apply.
Repairs And Insurance - The long leaseholder is tasked with covering 7.4% of all repairs for the entire building, of which 3 Church Street is a part, as well as the buildings insurance premium. These costs are passed on to the tenant in full.
Legal Costs - Each party to pay own legal costs.
Epc - Pending
Local Authority - Cotswold District Council, Trinity Road, Cirencester, Glos. Tel.[use Contact Agent Button]
Reservation Deposit - Prospective purchasers to pay £1,000 reservation deposit. This will be returned on exchange but retained by the agents in the event that the prospective tenants withdraw for any reason.
Viewing - Strictly by appointment only through the Sole Agent, Tayler and Fletcher. Tel.[use Contact Agent Button].
Agents Note - Note: This property is owned by the family of a consultant at Tayler and Fletcher.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33030865. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Tayler & Fletcher - Stow-On-The-Wold.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.