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

For Sale by Public Auction on 19th March 2025: Ground floor retail premises in the heart of Stow on the Wold.

For Sale by Public Auction

To be held at the Tayler & Fletcher North Cotswold Sale Room, Lansdowne, Bourton-on-the-Water, Gloucestershire, GL54 2AR on Wednesday 19th March 2025 at 6pm precisely. The turning to the Sale Room is diagonally opposite the Tayler & Fletcher Estate Agency office signposted Royal British Legion (along the drivewaypast Bourton Land Rover). This is not an online auction.

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). There is also a basement.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 sections 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.

EPC

Pending.

Local Authority

Cotswold District Council, Trinity Road, Cirencester, Glos. Tel. 01285 623000

Prospective Purchasers

Parties interested in purchasing the property are advised to register an interest with the agents prior to the auction so that they may be advised of any variations or updates.

Special Conditions and Auction Pack

The Conditions of Sale and Legal Auction Pack will be available from Tayler and Fletcher from March 2025. 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 Vendors retain the right for the Auctioneers to bid on their behalf up to the Reserve Price. The Vendors also reserve the right to sell or withdraw the property prior to auction.

Identity Checks

Anyone wishing to bid at the auction will be required to provide proof of identity to satisfy the Money Laundering Regulations before the auction commences. 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). It is advised interested parties provide their relevant identity checks before the auction if possible.

Auction Process and Completion

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

Administration Fee

The successful purchaser will be liable for an administration charge of ?1,000 plus VAT payable to Tayler and Fletcher.

Vendors Solicitor

FAO Caroline NemecekHCR Legal LLP, Ellenborough House Wellington Street, Cheltenham, Gloucestershire GL50 1YD.Telephone: +44 1242 211 636Email: [email protected]

Agents Note

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

Viewing

Strictly by appointment only through the Sole Agent, Tayler and Fletcher. Tel. 01451 830383. At least 24 hours notice is required.