Retail premises for sale in Winchcombe GL54

£450,000 < Back to search results

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Under Offer

Property Description

About 8 miles to the north east of Cheltenham, Winchcombe, originally an important Saxon Town, lies in the Cotswold Valley of the River Isbourne. The High Street provides the main arterial route through the town, with retailing centred on High Street and North Street.

Winchcombe boasts a thriving local community, and is popular with tourists, holidaymakers, and ramblers, with Sudeley Castle a popular attraction.

13 North Street comprises a mid terrace building of smooth rendered front elevation under a Welsh slate covered pitched roof, with a framed single glazed shop front and slightly recessed central access doorway.

The first floor has two front facing sash windows and gabled dormer windows at second floor level.

Castle Cottage is accessed via Bull Lane and comprises a two storey period building of traditional timber frame construction with Cotswold stone and brick elevations under a tile covered pitched roof.

Internally, 13 North Street provides commercial space on the ground floor and basement, a demise which is subject to an occupational lease to Sheldon Bosley Knight Limited.

The upper floors, 13A North Street, provide two bedroom residential accommodation which is subject to an Assured Shorthold Tenancy. The are two attic rooms currently not in use which could be converted to provide additional accommodation (subject to planning consent(s)).

Castle Cottage is a two double bedroom period building which retains features such as exposed beams and fireplaces.

Mains gas, electricity, water and drainage are connected. 13 North Street and Castle Cottage share the services and are not separately metered.

13 North Street is subject to a five year internal and shop front repairing lease of the commercial demise, granted to Sheldon Bosley Knight Limited on 26th February 2021, at a rent passing of £13,000 per annum exclusive, increasing to £14,000 per annum exclusive at the third anniversary of the term.

There is a tenant’s break option at the third anniversary of the term, and the lease is within the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.

13A North Street and Castle Cottage are vacant.

Subject to Contract
The Vendor proposes to dispose of the freehold interest on an unconditional basis, subject to the existing tenancy and providing vacant possession of 13A North Street and Castle Cottage to the purchaser on completion. Proposals are invited based on £450,000.

The property is not elected for VAT.

Property Features

    Location

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