Digbeth Court, Digbeth Street, Stow on the Wold, Gloucestershire, GL54 1BN£330,000
Reception Rooms0 reception rooms
- Investment property
- Ground floor Retail shop
- Period style building
- Centre of Stow on the Wold
- Thriving Cotswold market town
- Shops, cafes, restaurants and bank
58 sq m /624 sq ft
The property is held on a virtual freehold, 999-year Headlease, from 25th March 2014, subject to the payment of a ground rent of £100 pa.
The ground floor shop is sub-let to Ms Sarah Dennis t/a Borzoi Bookshop on a 6-year FRI lease from 4th March 2019, the lease being outside the renewal provisions of the Landlord and Tenant Act 1954.
The rent currently payable is £21,000 pa (but we estimate the ERV to be in the region of £25,000 pa).
The sub-lessee has an option to break on 4th March 2024.
The sub-lessee contributes 1/3 of the cost of maintaining the structure and the exterior of the entire building.
Mains water, electricity and drainage are connected.
The Rateable Value is £17,500.
Strictly by appointment with the sole selling agents.