Fox Cottage
Digbeth Street
Stow-on-the-Wold
Gloucestershire
GL54 1BN
Sheep Street, Stow-on-the-Wold
Guide Price £385,000
Commercial
- These two attractive shops are currently used as one.
- UNIT 7
- Ground Floor -approximately 620 sq ft net internal
- 1st Floor - approx 566 sq ft.
- UNIT 8
- Ground Floor - approximately 500 sq ft
- 1st Floor - approx 460 sq ft
Attractive investment opportunity to purchase two adjoining retail units, which are currently occupied as one offering up to a total of 2,152 sq ft, a short walk from the heart of Stow on the Wold. Sold subject to the current lease with 5 years remaining and offering a gross yield of circa 6.6%.
VIEWINGS
Strictly by appointment only, pre-arranged via the sole agents Tayler & Fletcher Stow office by calling 01451 830383 or by contacting Oliver Evans by email at oliver.evans@taylerandfletcher.co.uk.
LOCATION
Stow-on-the-Wold is an historic and vibrant market town situated in the heart of the Cotswolds, and is home to a wide range of up-market independent retail shops, including art and antique galleries, a bookshop, an art shop, a traditional butchers and grocers, a delicatessen, plus a pharmacist and post office. High street outlets include Fairfax & Favor, Sam Wilson, Crew Clothing and The Cotswold Company. The town benefits from a number of high class hotels and restaurants, several coffee shops and cafes, all making the town the preserve of both the local community and visitors, from home and abroad. The town is well connected to neighbouring Cotswold towns such as Burford, Chipping Campden, Bourton on the Water and Broadway, as well as wider transport networks with Kingham (approx. 5 miles) and Moreton in Marsh (approx. 4.5 miles) railway stations providing a direct service to London Paddington (from 90 minutes).
DIRECTIONS
From our Stow on the Wold office, turn left down Digbeth Street, at the bottom turn right and cross Sheep Street turning right up the hill. The entrance to Brewery Yard is on the left. Units 7 & 8 are situated to the right of the courtyard facing out towards Sheep Street.
DESCRIPTION
Units 7 & 8 form two units, currently occupied as one, as part of the wider Brewery Yard development which was created in the late 1980s and are constructed with Cotswold stone walls under a blue slate roof. Brewery Yard consists of 8 units in total, and includes an interiors studio, dental practice, chiropractor, and bridal shop as well as 7 & 8 which currently house an opticians. The units are set around a landscaped courtyard with pedestrian access to Sheep Street.
UNIT 7
The unit comprises an attractive display frontage and entrance and is currently set out as two consulting rooms on the ground floor, with stairs leading to the first floor which includes a staff area, WC and storage area which could be another retail space.
UNIT 8
Unit 8 too offers good display windows with the benefit of frontage visible to Sheep Street. The unit comprises a ground floor showroom and reception space with stairs leading to first floor space with good ceiling height suitable for a variety of uses.
TENURE
Remainder of 999 year lease, commenced 25th March 1988, the purchasers will become shareholders of Brewery Yard Ltd, who own the freehold.
USE
We believe the property to be currently class E. Prospective purchases must make their own inquiries to ensure the use class is sufficient for their purposes.
SERVICES
We are advised electricity, water and drainage are available and connected to the Property, but we confirm we have not tested any service installations and any buyer must satisfy themselves as to the state and condition of such items.
EPC
The EPC rating for the property is C - 53 valid until 8th February 2034.
SERVICE CHARGE
We believe the buildings insurance and maintenance of the courtyard are included in the service charge which we understand is currently £714 per quarter for both units. This cost is covered by the tenants.
LOCAL AUTHORITY
Cotswold District Council, Trinity Road, Cirencester, Gloucestershire GL7 1PX (Tel: 01285 623000) www.cotswold.gov.uk.
BUSINESS RATES
From 1 April 2026 the rateable value is £31,500 for the units together.
LEASE TERMS
We understand both units will be sold subject to the current lease, and therefore not with vacant possession. A summary of the current terms are below:
Lessee: Stow Opticians Ltd.
Rent: £25,500pa
Lease Length: 15 years
Lease Expiry: 27th October 2031
L&T 1954: Inside act
Energy Efficiency and Environmental Impact
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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