0 Bed Commercial Property For Sale

Investment Opportunity - Prime Retail Space Let to PSR Trading Limited on New Lease in Bourton-on-the-Water: 2,770 sq ft in Top UK Tourist Hotspot

Opportunity - Offers are sought in the region of £775,000 (Seven Hundred and Seventy Five Thousand Pounds) providing a Gross Initial Yield of 5.81%.

Investment Details - Tenant - PSR Limited (10987262) Trading as 'Dog' / Just for Pets.
Lease Length - 10 years.
Rent - £45,000 per annum.
Rent Review - Fifth year upward only to open market rent.
Breaks - Fifth year tenant only.
Repairs - Fully repairing and insuring lease subject to Schedule of Condition.

Bourton-On-The-Water - The Cedars is set right in the centre of the village of Bourton-on-the-Water, The Venice of the Cotswolds, a very well known and popular Cotswold Village famous for the village green with the picturesque River Windrush running through. Bourton provides an excellent range of local facilities including a broad range of boutique shops, supermarkets, pubs, restaurants, doctors, churches, a leisure centre, local primary school and the popular Cotswold Secondary School. The town remains a highly popular destination for tourists.

The Cedars - The Cedars is a mid-terrace Cotswold stone commercial property ideally situated at the centre of town. With a prime location and a good double frontage, this three-story building provides over 2700 square feet of space, including 1376 square feet on the ground floor alone.

Accommodation - GROUND FLOOR - 1,376 square feet 128 square meters
FIRST FLOOR - 733 square feet 68 square meters
SECOND FLOOR - 661 square feet 61 square meters

TOTAL - 2,770 square feet 257 square meters.

All measurements are approximate and in accordance with NIA.

Tenancy Details - For full tenancy information please contact the agents.

Business Rates - The property has a Rateable Value of £31,250.

Planning - Use Class E. The property is not listed but within the Bourton-on-the-Water Conservation area.

Epc - EPC Rating of C - 73 valid until 18 September 2034.

Local Authority - Cotswold District Council

Further Informaton - For further information or to arrange an inspection, please do not hesitate to contact:
Robert Holley MRICS
Tayler and Fletcher
Fox Cottage, Digbeth Street,
Stow on the Wold,
Gloucestershire,
GL54 1BN
Tel:
Mobile:
Email: robert.