TALBOT COURT STOW ON THE WOLD GLOUCESTERSHIRE GL54 1BQ

PASSING RENT £11,200

Excellent shop unit currently and Art Gallery just off the town square.

Ground floor Showroom approximately 270 sq ft

1st floor Showroom, workshop & WC approximately 240 sq ft

LEASE FOR ASSIGNMENT Following retirement

Excellent Shop Unit currently an Art Gallery just off the main Stow Town Square.

Rent free period/reverse premium attainable

STOW ON THE WOLD is a famous old market town standing in a high and healthy position on the Cotswolds, about seven hundred feet above sea level, with an excellent selection of shops supplying all normal requirements, good business and educational facilities, and various places of worship. It is conveniently placed for such centres as Cheltenham (18 miles), Stratford upon Avon (18 miles), Evesham (15 miles), Oxford (28 miles) and Moreton in Marsh with main line station (4 miles). There are excellent bus services to, or connecting with, surrounding towns. All distances are approximate only.

Talbot Court was converted from the original Talbot Hotel buildings and has direct access from the town square and Sheep street. After 20 years of successful trading the owner has taken a consultancy part in a firm of Fine Art auctioneers, hence the remainder of the lease becomes available. The Courtyard comprises of The Talbot Inn and 13 Shops with a variety of businesses from Galleries, Gift shops, Jewellers, Tea-room and Wedding dress shop. Security gates at either end are locked each night.

The accommodation is as follows:

Two display windows

Half glazed door to

Ground Floor Showroom

21'10' x 15' 8' overall Low voltage spot lights and fluorescent lights, display and service counter, electric night storage heater, under stairs cupboard.

Stairs rising to

First Floor Showroom

11'6' x 16'3' overall High ceiling, electric night storage heater.

Washroom 10'7' x 9'7'

Separate Cloakroom Hand basin and WC

Note Carpets and display units also available if required. Allowance may be considered for redecorating and refitting.

TERMS

1. LEASE Remainder of 25 year lease expiring on 24th December 2012.

2. RENT Currently £11,200 per annum payable quarterly in advance.

3. RENT REVIEW Due on 24th December 2008 as agreed at £11,700 per annum for the following 3 years.

4. REPAIRS & INSURING Fully repairing and insuring carrying 9.41% of the buildings insurance policy currently £426.58 for period to 19th September 2008 and 6.21% of the quarterly service charge covering general repairs, cleaning yard, external lighting, flower displays. Total Service charge for Courtyard Jan 2007 - December 2007 is £6879.00.

5. USER A1 retail

ASSIGNMENT TERMS

Reservation Upon agreeing to take the lease, the prospective Deposit Assignee will be expected to pay a reservation deposit of £750 to the agent. This will be refunded upon completion, but, should the prospective Assignee withdraw for any reason, the deposit will be retained by the Agents to cover administrative costs.

Legal Costs Each party to pay their own costs.

Rent Deposit In certain circumstances the landlord may require a rent deposit as security on assignment.

Fixtures & All fixtures and fittings mentioned in these particulars Fittings are available for purchase within the premium, all others are specifically excluded by may be negotiable.

Rateable Value £ 9,600 2008/09, payable £4435.20

Services Mains water, electricity and drainage are connected.

Viewing Strictly by appointment through the Sole Agents Martin Elliott Partnership. Telephone 01451 830119