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Reference: MIM180265
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Digbeth Court, Digbeth Street, Stow on the Wold, Gloucestershire, GL54 1BN
£330,000
Current 6 Year Lease Rent £21,000 pa (ERV £25,000 pa)
Modern shop property built in period style and comprising
the ground floor of an attractive three-storey building (the
upper floor flat having been sold off separately).
Good display windows easily seen from Digbeth Street
Solid limed oak floors and spotlight tracking
Kitchen area and cloakroom off.
-
Property Type
-
Bathrooms
0 bathrooms -
Bedrooms
0 bedrooms -
Reception Rooms
0 reception rooms
Key Features
- Investment property
- Ground floor Retail shop
- Period style building
- Centre of Stow on the Wold
- Thriving Cotswold market town
- Shops, cafes, restaurants and bank
Property Description
FLOOR AREA:
58 sq m /624 sq ft
TENURE
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.
SERVICES
Mains water, electricity and drainage are connected.
RATEABLE VALUE
The Rateable Value is £17,500.
EPC
Band C
VIEWING
Strictly by appointment with the sole selling agents.
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Digbeth Court, Digbeth Street, Stow on the Wold, Gloucestershire, GL54 1BN
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