1 High St 2,900 sq ft Retail Property Tewkesbury GL20 5AH £375,000 (£129.31/sq ft)

1 High Street is a Grade II* Listed three storey building with large vaulted basement, which dates from the 18th Century and has brick elevations under a parapeted roof. A single storey extension to the rear provides garage. Sash windows are provided throughout each level of the front elevation with an attractive timber framed shop front at ground floor level and a recessed access doorway. Internally, the property provides commercial space on the ground floor and basement, with two upper floor flats. Side access is provided via Tolsey Lane. The premises occupies a commanding corner position on the junction of High Street and Tolsey Lane adjacent to The Cross, which is the junction of High Street, Church Street, and Barton Street.
The Vendor proposes to dispose of the freehold interest on an unconditional basis, subject to the existing tenancies. Offers are invited based on £375,000.
The commercial demise is subject to a new five year internal repairing lease, commencing 29th September 2024, at a rent of £17,500 per annum exclusive. The lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 2954 Part II. The flats are subject to Assured Shorthold Tenancies (ASTs) and the total rent for both flats is £13,620 per annum.