£475,000
Milburys
Long Street, Wotton-under-Edge, GL12 7BT
Property key facts
Bedrooms
5Bathrooms
5Internal area
—Property type
HouseYear built
Ask Agent
£475,000
Milburys
Bedrooms
5Bathrooms
5Internal area
—Property type
HouseYear built
Ask AgentThis 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.
Electricity
Mains SupplyWater
Mains SupplyHeating
ElectricSewerage
Mains Supply| Private rights of way | No |
|---|---|
| Public rights of way | Yes |
| Listed property | Yes |
| Restrictions | No |