Retail premises for sale in Winchcombe

£495,000 < 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.

1 - 3 North Street & 10 High Street comprise three Grade II Listed Buildings which have been conjoined and occupy a commanding corner position at the junction of North Street and High Street.

1 North Street & 10 High Street date from the late 19th Century and are constructed of limestone ashlar elevations under a hipped Welsh slate covered roof. There is a fine curved wall to the corner elevation with access doorway underneath, and several display windows to North Street and High Street. Access to the upper floor residential flats is provided from the High Street.

3 North Street dates from the early 17th Century and is of timber frame construction with partial rendered elevations under a Welsh slate covered roof. Two display windows flank an access doorway fronting North Street.

Internally, the ground floor has been conjoined to provide a single retail unit with ancillary basement and first floor storage areas which are demised to Sue Ryder.

The remainder of the building provides common areas and two newly refurbished, well presented, and spacious residential flats, which are vacant.

Approximate measurements and floor areas
Sue Ryder Demise:
Basement: 621 sq ft 57.71 sq m
Ground floor: 627 sq ft 58.22 sq m
First floor: 332 sq ft 30.85 sq m

Flat 1: 805 sq ft 74.76 sq m
Flat 2: 922 sq ft 85.62 sq m

There is a small courtyard to the rear with access to Bull Lane.

Sue Ryder occupy their demise on two separate effectively full repairing and insuring leases, by way of a service charge provision, which contain provisions for tenant’s contributions to maintenance and repairs to the building.

The total rent payable is £15,500 per annum exclusive and the leases expire on 6th November 2023. The leases are within the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.

Subject to Contract
The Vendor proposes to dispose of the freehold interest on an unconditional basis, subject to the existing commercial tenancies and providing vacant possession of flats 1 and 2 to the purchaser on completion.

Proposals are invited based on £495,000.

The property is elected for VAT.


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