Church Street, Stow-on-the-wold, GL54

For Sale: Ground floor retail premises in the heart of Stow on the Wold

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: ?15,500Lease Term: 3 YearsLease Commencement: April 2023Break: Year 2 Tenancy: Outside the provisions of parts 24-28 of the Landlord and Tenant Act 1954Rent Review: End of year 2 Upward only to market rentRent Deposit: 3 month rent deposit held.Directors GuaranteeRepairs: 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. 01285 623000

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. 01451 830383.

Agents Note

Note: This property is owned by the family of a consultant at Tayler and Fletcher.