High Street, Broadway, Worcestershire, WR12 7DP
£500,000-
Property Type
-
Bathrooms
0 bathrooms -
Bedrooms
0 bedrooms -
Reception Rooms
0 reception rooms
Key Features
- Freehold retail investment
- Attractive retail property
- Possible possession (1st April 2024)
- Situated in the heart of the village
- Double-fronted window display
- Prime high street position
- Bustling tourist village
- Shops, cafes, restaurants, pubs and bank
- Train to London and Oxford from Honeybourne (6 miles) or Moreton-in-Marsh (8 miles)
- Use class E (Business) Use
Property Description
Very attractive semi-detached, two-storey retail property
Situated in the heart of the high street in the bustling tourist village of Broadway
Located opposite the famous Lygon Arms Hotel
ACCOMMODATION
Attractive double-fronted shop
Ground floor retail area of 34.40 m2 / 370 ft2, with cupboard
Additional first floor of 28.60 m2 / 308 ft2
First floor staff kitchen and wc
TENANCY
The property is currently let to the Cotswold Distillery Company Limited for a term of 5 years from 1st April 2019 on a full repairing and insuring basis and at a rent of £25,000 per annum
The lease is excluded from Section 24 to 28 of the Landlord & Tenant Act 1954, meaning the tenant does not have security of tenure after expiry
RATEABLE VALUE
The current Rateable Value is – £12,000
Business rates payable for the current year (2023/24 at 49.9p in the £) are £5,988
PLANNING
Class E (Business) Use
EPC
An up-to-date EPC report has been commissioned
SERVICES
Mains water, electricity and drainage are connected
Electric storage heating
TENURE & POSSESSION
The property is available freehold, subject to the existing tenancy expiring 31st March 2024