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£775,000

The Cedars, High Street, Bourton On The Water, GL54

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£775,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£3,538 per month

Minimum deposit amount:

£38,750
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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 MRICSTayler and FletcherFox Cottage, Digbeth Street,Stow on the Wold,Gloucestershire,GL54 1BNTel: 01451 830383Mobile: 07779 095241Email: [email protected]

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£26,250
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