£475,000

Milburys

Long Street, Wotton-under-Edge, GL12 7BT

Property key facts

  • Bedrooms

    5
  • Bathrooms

    5
  • Internal area

  • Property type

    Other
  • Year built

    Ask Agent

Key facts

  • Residential Council Tax Band A For All The Apartments
  • Two Fully Let Retail Shops
  • Three One-Bedroom Apartments and One Two-Bedroom Apartment
  • Approximately 2,656sq.ft
  • High Street Position Beside The Cotswold Way
  • Immediate Income Producing Asset Showing A Net Return After Purchase Costs of Over 8%
  • Potential For Significant Further Rental Growth
  • Commercial Lease Term of 5 Years & Residential Tenancies Managed By An Independent Letting Agent

Property description

Additional text is available below.

This attractive Grade II Listed property occupies a prominent position on Long Street in the heart of Wotton-under-Edge. Arranged over three floors, the property comprises two ground-floor commercial units and four residential apartments, all of which are fully let and collectively generate an established rental income of approximately £39,900 per annum.

A gated passageway leads to a shared courtyard, providing access to the residential accommodation via stairs and bin storage area. The commercial accommodation is let on five-year lease terms, with one lease commencing in February 2022 and the second in October 2025. The residential accommodation comprises three one-bedroom apartments and one two-bedroom apartment, all currently occupied under periodic tenancy agreements and managed by an independent letting agent. One apartment would benefit from updating, offering scope for future rental growth.

We understand the property is connected to mains electricity, water, drainage and electric heating. The residential apartments are Stroud District Council Tax Band A. The two Commercial Units will qualify for Small Business Rate Relief as the Rateable Values are less than £12,000 (number 22 £5,700 and number 24 £9,200). Copies of the EPCs for all units are available upon request.

A rare opportunity to acquire a substantial and fully let mixed-use investment in the heart of this charming Cotswold market town, offering a blend of commercial and residential income and excellent long-term investment potential.

Brochures

Property Location

Long Street, Wotton-under-Edge, GL12 7BT

Nearest stations

Nearest schools

Utility supply

  • Electricity

    Mains Supply
  • Water

    Mains Supply
  • Heating

    Electric
  • Sewerage

    Mains Supply

Private rights of wayNo
Public rights of wayYes
Listed propertyYes
RestrictionsNo

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