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Gloucestershire Business News

£3.2m Broad Close, 46 High Street, Broadway, Cotswolds

Detached Grade II* listed house built in 1806 of Cotswold stone ashlar under a Welsh slate roof.

Immediately behind the house is a small car park and a number of outbuildings, while to the left is a stunning garden.

Broad Close has been the home of high-end homeware and gift retailer, OKA since 2008 and is being sold subject to the existing lease.

Proposal:

Broad Close is one of eight properties comprising the Broadway portfolio being sold by KBW on behalf of the HW Keil Estate.

Offers are invited subject to the existing tenancy. Information on other properties in the portfolio is available on request.

EPC: The building is listed and therefore believed to be exempt.

Location:

Broadway (population *2,689) is a picture-perfect village, known as the Jewel of the Cotswolds. The village, which lies midway between Evesham and Moreton-in Marsh, provides a gateway for exploring the Cotswolds and notably sits on the Cotswold Way; the national trail that runs 102 miles from Chipping Campden to Bath.


In the 17th century, Broadway was a welcome overnight stop for travellers on the busy London - Worcester coach route with over 30 coaching inns including the Angel Inn at Tudor House, now the Broadway Museum. Today, Broadway is a popular tourist destination, renowned as much for its honey-coloured stone properties as its art galleries, antique shops, museums, hotels, and tea rooms.

Broadway is a little over 2 hours from central London and within easy reach of Shakespeare's, Stratford upon Avon, England's finest medieval castle in Warwick, the Festivals of Cheltenham, the dreaming spires of Oxford and the Roman Spa of Bath.

Accommodation:

Ground floor: 176.96 sq m (1,905 sq ft)

First floor: 138.84 sq m (1,495 sq ft)

Second floor: 55.32 sq m (596 sq ft)

Basement: 75.23 sq m (810 sq ft)

Total (NIA): 446.35 sq m (4,805 sq ft)

Floor areas are approximate Net Internal Area. Floorplans are available via the dataroom.

Tenancy:

Lease term: 08/07/2008 to 07/07/2025 (including 2 year extension).

Rent:

£104,500 pa exclusive.

Service charge:

£7,200 pa.

Full Repairing and Insuring by way of a service charge.

Tenant:

OKA Direct Limited. Company No.03722366.

Data room:

Access available on request.

Rates:

Rateable Value: £30,750.

Interested parties should make their own enquiries of the billing authority (Wychavon District Council - 03004 560 560) to verify the rates payable.

Planning:

Broad Close is designated Planning Use Class 'E' which includes - retail, restaurant, office and financial & professional services.

Tenure:

Freehold subject to existing lease. Price on application.

Legal costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

Contact:

KBW Property Consultants

01242 244744

Richard Knightley

07917 155 760

richard.knightley@kbw.co.uk 

Laura Hatten

07769 254 158

laura.hatten@kbw.co.uk


 


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