1,713 Sq Ft

Hailes Street

Winchcombe

£375,000

A grade 2 listed, mixed use property offering great investment potential. Equally it presents an opportunity for an owner occupier. It comprises a ground floor commercial premises presently run as a very successful café. Whilst the business may be available by separate negotiation, the commercial element could also be used for a variety of purposes. Via a separate access, the first and second floor form a very spacious and well appointed two bedroom apartment which is available with vacant possession. Opportunity to let it into the very popular, local holiday let sector.

Both elements have been refurbished to a high standard whilst retaining the properties period features. Outside there is a pretty and secluded courtyard used presently as additional external seating for the café.

Key Features

1.   Mixed Use Investment
2.   Commercial ERV £12,000pa
3.   Business Rateable Value £6,100
4.   Separate Two Bedroom Apartment
5.   159.14m2 (1,713sqft) GIA

LocationThe Premises is located on the Cotswold Way within Winchcombe Town Centre in the busy retailing area of Hailes Street. Walking distance from popular tourist attractions such as Sudeley Castle and the GWR railway. The property benefits from a highly visible profile to passing pedestrian and vehicular traffic. Other occupiers on the street include a number of high-quality independent boutiques, retailers and professional services. National banking and pharmacy firms are also nearby. All of which drive footfall.

Winchcombe is a Saxon market town 7 miles north-east of Cheltenham and 8 miles from Broadway. It is popular with professionals and families alike. Additionally, it is a desirable tourist destination in its own right, for people visiting the Cotswold Area of Outstanding Natural Beauty. The town offers an excellent range of independent shops, supermarkets, pubs, restaurants, a medical centre, library and an ‘Outstanding’ primary school and a secondary school.

AccommodationCommercial
Ground floor 57.8m2 (622sqft) NIA

First Floor
Lobby1.95m2 (21sqft)
Entrance Hall7.95m2 (86sqft)
Kitchen6.35m2 (68sqft)
Living Room22.99m2 (247sqft)
Dining Room17.85m2 (192sqft)
Bedroom 212.02m2 (129sqft)

Residential - Second Floor
Gallery/Study3.88m2 (42sqft)
Eaves Storage (restricted head height)3.21m2 (35sqft)
Landing0.84m2 (9sqft)
Bathroom4.28m2 (46sqft)
Dressing Area5.11m2 (55sqft)
Bedroom 114.91m2 (160sqft)
Total IPMS2 - Residential101.34m2 (1,091sqft)

Total GIA 159.14m2 (1,713sqft)

ServicesIt is understood that the property has mains water, gas, drainage and electricity. The upper floor flat has gas central heating to traditional radiators. Purchasers are requested to make their own enquiries to ensure continuity of supply.

Business Rates / Council TaxRateable value 2017 listing - £6,100
The commercial part should qualify for 100% rates relief (subject to status of the rates payer.)

The residential part is within Council Tax Band B

EPCBand C

Business CovenantThere is the opportunity to also purchase the successful café business trade and assets. This family business has run successfully with a high level of regular trade since 2018, they wish to sell now as one owner is retiring and another has a baby due in the summer. The café enjoys a strong reputation and is very popular with the local community and tourists all year round. The café currently has 24 covers inside and a further 6 outside. There has been significant investment in the premises to include the installation of new equipment along with fixtures, fittings, and decoration. There is further potential to increase revenue by extending the current opening times.

ViewingBy prior appointment only. Please contact the commercial team: 01386 765700 or commercial@sheldonbosleyknight.co.uk

Important NotesWe are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.

Particulars:
These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only.
A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT:
The VAT position relating to the property may change without notice.