London House
High Street
Bourton-On-The-Water
Gloucestershire
GL54 2AP
The Cedars, High Street, Bourton on the Water
Guide Price £775,000
Commercial
- Bourton on the Water
- Prime Town Centre Position
- 2,770 Square Feet (1,376 Ground Floor)
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: 01451 830383
Mobile: 07779 095241
Email: robert.holley@taylerandfletcher.co.uk
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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