Property for sale
Property description & features
- Freehold Investment Property
- Stow on the Wold
- Sitting Tenant
- £16,000 Per Annum Income
- Busy Thoroughfare
- 4.5 Years Unexpired on Lease
Opportunity - Freehold Investment Property: Established Art Supply & Framing Tenant with 25+ Years' Trading
Cotswold Art Supplies - Established in 1976, this thriving business in Stow-on-the-Wold combines a supply of art materials with a bespoke picture framing service. The ground floor features a wide range of art materials and a framing counter, while the upper floor houses two framing rooms with extensive moulding stock. Open six days a week.
Full lease details available from the agent upon request. Lease Summary below:-
Lease Term: 5 Years
Lease Expiry: November 2028
Breaks: None
Rent: £16,000
LTA 1954: Outside
Location - STOW-ON-THE-WOLD is a prosperous market town in the North Cotswolds. The town has a strong retail market made up largely of independent retailers including Scots of Stow, Cotswold Cheese Company, Fairfax and Favour, Huffkins Tea Rooms, POM London, and Daylesford Estate is 3 miles away. Local retailers benefit from an a affluent local demographic and high levels of tourism year round. The town is adjacent to the Fosse Way (A429) the arterial road through The Cotswolds AONB. The town has well in excess of 100 car parking spaces provided free of charge for two hours. Stow-on-the-Wold is in the centre of the larger regional centres of Cheltenham, Oxford and Stratford-Upon-Avon.
Value - The property is offered for sale based on a guide price of £260,000.
Situation - Located on Church Street, one of two main pedestrian and road thoroughfares into the town centre, with free parking at either end. The property is a traditional Cotswold stone building arranged over two floors and a basement level.
Ground Floor - The ground floor is occupied almost entirely by the retail show room with an excellent double frontage on to Church Street. There is also a staircase leading to the first floor and basement.
First Floor - The first floor of the property comprises two rooms used as workshop space and also a W/C and a small kitchen.
Basement - The basement is accessed by a staircase and provides storage space for the business.
Rateable Value - The property has a rateable value of £10,250 and therefore falls within the current threshold for small business rates relief for eligible businesses.
Services - The property has mains electric, gas, water and sewerage.
Vat - The property is not elected for VAT.
Planning And Use Class - Planning Class E - Commercial Business and Service.
The property is Grade II Listed and is in the Stow conservation area..
Viewings - Viewings are to be made through the Stow office and are strictly by appointment.
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