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5 bed commercial property for sale Long Street, Wotton-under-Edge

Asking price

£475,000

Added yesterday

Type: Commercial Property
Bedrooms: 5
Bathrooms: 5
Tenure: Freehold

Council tax Band A

Key features

Immediate Income Producing Asset Showing A Net Return After Purchase Costs of Over 8%
Potential For Significant Further Rental Growth
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
Commercial Lease Term of 5 Years & Residential Tenancies Managed By An Independent Letting Agent
Residential Council Tax Band A For All The Apartments

About this property

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.

Floorplan

Council tax

Band A

Location

Long Street, Wotton-under-Edge

In the Cotswolds National Landscape, an Area of Outstanding Natural Beauty. Contains Natural England data © Natural England, Open Government Licence v3.

Open map Street View

Mortgage and stamp duty

Property price £475,000

£237k £713k

Deposit10% £48,000

£0 £475k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £427,000 mortgage. Most lenders would want a household income of about £95,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.