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Lot 5 - 40 / 40a Long Street, Wotton-under-Edge, Gloucestershire, GL12 7BT

Guide Price* £185,000

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Property Type
Mixed Use
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold Grade II Listed mixed use building
  • Ground floor retail t/a Beer Mongery Inc
  • First floor self-contained three bedroom flat
  • Self-contained studio room
  • Entire property let to an individual until 2031
  • Producing £26,000 per annum

Well located freehold Grade II Listed mixed use building arranged as a ground floor retail t/a Beer Mongery Inc with a self-contained three bedroom flat above – Investment producing £26,000 per annum

Description

The property comprises a substantial building arranged as a ground floor retail unit with basement, a self-contained three bedroom flat arranged over the first floor and in addition, a small studio room at the rear of the property with separate access via Rope Walk.

There is a separate front entrance at the front of the property from Long Street which is currently locked and disused, but this could be reinstated to provide separate access to the flat. There is a rear garden with separate access from Rope Walk.

Location

The market town of Wooton-under-Edge is located near the southern fringe of the Cotswolds overlooking the Severn Vale, approximately 21 miles north-east of Bristol, 24 miles south-west of Gloucester and 22 miles west of Cirencester, approximately 6 miles from the M5 motorway (Junction 14).

The property is situated within the town centre on the south side of Long Street between the junction of Market Street and Orchard Street.

Tenancy Schedule

Address Floor Use Sq M Sq Ft Tenant Tenancy Rent (£ pa)
40/40A Long Street Ground Retail
Storage
61.20
9.00
659
97
Individual t/a Beer Mongery Inc 6 years from 10/11/2025 £26,000
Basement Storage 25.50 274
First Residential Living room, kitchen, three bedrooms, bathroom/WC, studio (with separate access)
Total £26,000
The retail floor areas have been taken from the VOA website. (1) There is a rent review on 10/11/2031. (2) The flat is sub-let.

Planning

For further enquiries contact the local authority.
Stoud District Council (01453 766321) www.stroud.gov.uk

EPC Rating

No.40 - Rating – Awaiting
No.40A – Rating – Awaiting

VAT

Refer to the legal pack

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £2,000 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,500 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,000 (inc. VAT).

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Additional Information

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Office Contact

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Oliver Childs
07732 681 150
Sanderson Weatherall LLP,
4th Floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

Joint Agent

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David James
Will Creamer
01453 843720

Vendors Solicitor

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Irwin Mitchell LLP
Doug Robertson
0113 350 9649

Vendors Solicitor

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Irwin Mitchell LLP
Emma Watson
0113 218 6467

Vendors Solicitor

Irwin Mitchell LLP
Sean Bray
0370 1500 100

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