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Gloucestershire Business News

Former Edinburgh Woollen Mill, High Street, Bourton-on-the-Water, Cotswolds

The premises comprise a period property planned over three levels adjacent to Small Talk (Tea shop) and Cotswold China & Cookware shop. There is an apartment at upper floor levels with self-contained access off the shared rear yard which is intended to be excluded from the new lease.

The most recent use of the ground floor and ancillary commercial areas has been essentially as retail use. The commercial area will now fall within Class E.

Location:

Bourton-on-the-Water is a substantial Cotswold Village located approximately 22 miles East of Gloucester and 18 miles South East of Cheltenham, close to the Fosse Way (A429) providing quick access to the A40 leaving West of Cheltenham, Gloucester and East to Oxford. The River Windrush runs adjacent to the High Street and the area is known for its scenic walks, cycle routes and walking tours.

Accommodation:

Approximate dimensions and net internal areas

Internal width at the front approx. 10.4 m

Internal width at the rear approx. 8.32 m

Overall depth of retail area approx. 26 m

Ground Floor retail area: 215.3 sq m (2,318 sq ft)

Stock/storage area: 55 sq m (594 sq ft)

Staff area: 13 sq m (140 sq ft)

Total Ground Floor Area: 283.5 sq m (3,052sq ft)

Planning:

Previous use retail. New Planning Use Class E for wider scope.

Services:

Mains electricity, water and drainage are connected.

Rateable value:

The premises are assessed at a Rateable Value of £43,250 with effect from 1st April 2017.

Source: Valuation Office Agency website.

Lease terms:

The premises are available by way of a new lease for a period of years to be agreed incorporating periodic upward only rent reviews at the end third year of the terms.

Initial annual rent guide £60,000 per annum exclusive of outgoings. Full repairing and insuring lease.

The tenant will be responsible for payment of the insurance premium for the building.

RICS code for leasing business premises:

A copy of the RICS Code for Leasing Business Premises is available on request.

It is advised that all parties take independent professional advice during a commercial lease transaction.

VAT:

The property is elected for VAT and therefore VAT will be chargeable on rent, service charge and insurance costs arising.

Legal costs:

Each party are to be responsible for their own legal costs arising.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk 

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