Non quoting
Retail premises for sale3 & 5 High Street, Minchinhampton, Stroud GL6
927 sq. ft
Just added
Freehold
About this property
Situated in a prominent position in the sought after village of Minchinhampton.
Price for the freehold interest £180,000.
Total size of the 2 units 86.13 m2 (927 ft2).
Within a Grade II Listed building and situated in a Conservation Area.
No. 3 has an allocated parking space. Further details available for No. 5.
The existing uses fall within Class E of the Use Classes Order.
Description
The property comprises two self-contained ground floor commercial units within a Grade II Listed building in the centre of Minchinhampton.
Each unit includes the main retail or office areas with kitchen and WC facilities to the rear.
No. 3 has an allocated parking space and No. 5 has a shared arrangement with the occupier of the flat
on the upper floors. Further details are available.
Tenancies
No.3 is let to R. Murray and J. Murray t/a Murrays Estate Agents for a period of 10 years from 1 August 2021 at a rent of £7,000 per annum. The lease includes a tenant’s break clause (not exercised) and rent review on the 5th anniversary.
No. 5 is let to Freya Rose Beauty Ltd for a period of 5 years from 1 February 2023 at a rent of £6,800 per annum. The lease includes a rent review and tenant's break clause on the 3rd anniversary.
Both leases are on a full repairing and insuring basis.
Terms
We are instructed to seek offers for the freehold interest at £180,000 (One Hundred and Eighty Thousand Pounds), which reflects a net initial yield of 7.53% after purchasers' costs (1.83%), gross yield of 7.67% and capital value of approximately £194 per sq ft.
Nb. The upper floors are not included in the sale.
Location
Minchinhampton is a small, historic Cotswold town located about 4 miles southeast of Stroud, surrounded by National Trust common land. The Property is prominently positioned at the southern end of the High Street, close to the junction of High Street, West End, Well Hill, and Tetbury Street.
The property comprises two self-contained ground floor commercial units within a Grade II Listed building in the centre of Minchinhampton.
Each unit includes the main retail or office areas with kitchen and WC facilities to the rear.
No. 3 has an allocated parking space and No. 5 has a shared arrangement with the occupier of the flat
on the upper floors. Further details are available.
Tenancies
No.3 is let to R. Murray and J. Murray t/a Murrays Estate Agents for a period of 10 years from 1 August 2021 at a rent of £7,000 per annum. The lease includes a tenant’s break clause (not exercised) and rent review on the 5th anniversary.
No. 5 is let to Freya Rose Beauty Ltd for a period of 5 years from 1 February 2023 at a rent of £6,800 per annum. The lease includes a rent review and tenant's break clause on the 3rd anniversary.
Both leases are on a full repairing and insuring basis.
Terms
We are instructed to seek offers for the freehold interest at £180,000 (One Hundred and Eighty Thousand Pounds), which reflects a net initial yield of 7.53% after purchasers' costs (1.83%), gross yield of 7.67% and capital value of approximately £194 per sq ft.
Nb. The upper floors are not included in the sale.
Location
Minchinhampton is a small, historic Cotswold town located about 4 miles southeast of Stroud, surrounded by National Trust common land. The Property is prominently positioned at the southern end of the High Street, close to the junction of High Street, West End, Well Hill, and Tetbury Street.
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