High Street, Burford, OX18

RETAIL AND RESIDENTIAL OPPORTUNITY IN PRESTIGIOUS COTSWOLD TOWN. PROMINENT PROPERTY IN CENTRAL POSITION ON THE HIGH STREET.

LOCATION

BURFORD is an iconic Cotswold town with its world famous High Street running down the hill to the bridge over the River Windrush. It consists mainly of period properties with many 17th & 18th century frontages providing a wide range of individual retail outlets, restaurants and hotels serving a well developed tourist trade as well as a high end local market. The town is ideally situated with road links to Oxford (about 20 miles) Banbury (M40 J11 about 24 miles) Cheltenham, Stow-on-the-Wold, Swindon and Cirencester. Mainline railway stations at Charlbury and Kingham (both about 9 miles) also provide mainline rail connections to Oxford and London (Paddington)

DESCRIPTION

92 High Street, Burford is a mixed-use investment property situated in the heart of the Cotswold Town of Burford. The Grade II Listed Property has recently undergone a programme of refurbishment and is a rare opportunity to purchase a freehold investment within Burford's High Street.

PROPERTY

The property boasts an attractive multi-paned window with approximately 269 sq ft of retail space on the ground floor (with additional storage in the basement for the retail tenant). Above the shop is a good sized one bedroom apartment set over the first and second floors of the building and benefitting from views across Burford High Street. The back of the retail area leads through a courtyard and onto a converted barn studio with a bedroom situated on a mezzanine level above the living area.

PRICE

We are quoting a price of ?525,000.

TENANCY INFORMATION

The property currently has three tenancies in place.1) Ground Floor Retail (Lease Expiring 26th October 2024 with Mutual Break 27th October 2023 subject to 12 months notice).2) One Bedroom Flat Above (AST).3) One Bedroom Studio at Rear (AST).The total rental income is approximately ?30,300 per annum.More details can be made available upon request from the agents.

USE

The existing use falls under Class E of the Use Classes Order in England (September 2020) with Residential Accommodation in the flat above and the studio to the rear. The building is situated within Burford Conservation Area and is Grade II Listed.

EPC

The property has an EPC rating of D - 91.

SERVICES

We understand mains electric, water and drainage are connected to the property. We have not tested any of the service installations.

COUNCIL TAX

The Flat has Council Tax Band B (2021 / 2022 = ?1,565.82) and the Studio Flat has Council Tax Band A (2021 / 2022 = ?1,342.14).

BUSINESS RATES

Rateable value effective from 1st April 2017 is ?13,250. This property may benefit from small business rates relief and we would advise any interested party to contact the Local Authority to find out more information.

LOCAL AUTHORITY

West Oxfordshire District Council, Woodgreen, Witney, Oxon OX28 1NB. Tel: (01993) 861000.

VIEWINGS

By prior approval from the agent, Tayler and Fletcher.Please contact Harry Penman - [email protected]

AGENT'S NOTE

Access for the Flat and Studio is through the Retail area only.