1 & 2 The Old Dairy, London Street, Fairford, Gloucestershire, GL7 4AQ

  • £290,000
1 & 2 The Old Dairy, London Street, Fairford, Gloucestershire, GL7 4AQ
Sold

1 & 2 The Old Dairy, London Street, Fairford, Gloucestershire, GL7 4AQ

1 & 2 The Old Dairy, London Street, Fairford, Gloucestershire, GL7 4AQ
  • £290,000

Description

Prominently situated on London Street in an area of residential and commercial occupiers, the offices are located just a short walk from Fairford’s vibrant Market Square. Comprising a ground floor commercial premises, the property has great accessibility and also benefits from good display frontage on public highways and public on-road parking directly in front of the building.

Location
1 & 2 The Old Dairy is prominently situated on London Street in an area of residential and commercial occupiers, located a short walk south-east of Fairford’s Market Square. Overlooking the A417 the property enjoys good display frontage onto the public highway and also benefits from some public on-road parking directly in front of the building. Fairford is a historic market town with a population of around 4,000. Situated on the south-east edge of The Cotswolds it lies approximately 9 miles east of Cirencester and 4 miles west of Lechlade. Straddling the A417 the town has excellent transport links giving good access to Swindon and the M4, as well as Oxford and the A420. The property is situated only a short walk from the Market Square and its various amenities including a Londis, Co-op, pharmacy, library, various pubs and restaurants, and the locally renowned Bull Hotel. The Town also boasts a free public car park just north of the Market Square providing around 50 spaces which are located within easy walking distance of London Street.

Description
Comprising of a ground floor commercial premises, currently occupied by Inspirations Hairdressers, with a 2 bed residential flat above, the building to the north of the property has frontage and pedestrian access directly onto London Street. To the rear of this building is a further area of land within which is situated a single story building comprising 6 storerooms. Vehicular and pedestrian access to the rear of the property is provided via Back Lane. Currently producing a rent of £8,000 per annum the property is sold subject to a Business Lease at the ground floor shop to Mrs A M Hadkiss for a term of 6 years as from 1st April 2018. Tenant options to break are granted on 30th June and 30th September 2021 with 3 months prior notice. Sold with Vacant Possession, and previously let at a rent of £625 pcm, the residential flat has been newly decorated throughout. Benefiting from a fitted kitchen with electric cooker and recently installed wall mounted electric heaters to the principal rooms the Flat offer 2 good size bedrooms, living room, shower room, kitchen and WC. The land to the rear of the property extends to approximately 23m x 10m within which the single story store building is located to the eastern boundary. These buildings are sold with Vacant Possession. There is a vehicular and pedestrian right of way over the land to the south in favour of the neighbouring property 12 London Street, the approximate location hatched yellow on the attached plan. Note: The land and store buildings may have development potential, interested parties are advised to make their own enquiries and investigations with regards to this.

Commercial Lease Terms
Term: 6 years from 1st April 2018, outside LTA 1954.

Rent: £8,000 per annum exclusive, payable monthly in advance.

Break Options: Tenant only on 30th June & 30th September 2021 with 3 months notice.

Rent Review: 1st April 2021.

Repairs: Tenant responsible for internal repairs and shopfront.

Deposit: None.

VAT
VAT is not payable in addition to the purchase price.

Business Rates and Council Tax
Shop – Rateable Value is £4,900.00. Flat – Council Tax Band of B.

Local Authority
Cotswold District Council, Trinity Road, Cirencester.
Tel: 01285 623000.

Energy Performance Certificate
The Flat has an EPC rating of F. The shop has an EPC rating of E.

Rights Of Way
There is a vehicular and pedestrian right of way over the land to the south in favour of the neighbouring property 12 London Street, the approximate location hatched yellow on the attached indicative plan. There is a vehicular and pedestrian right of way over the land hatched green on the attached indicative plan in favour of 1 & 2 The Old Dairy.

Property Documents

Property Brochure
Property EPC

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