For Sale - 5 bed Commercial Property

Long Street, Wotton-under-Edge, Gloucestershire

Offers in Region of: £475,000 - Freehold

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Description

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

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. The commercial accommodation is let on five-year lease terms, with one lease commencing in February 2022 and the second in October 2025. The residential accommodation comprises three one-bedroom apartments and one two-bedroom apartment, all currently occupied under periodic tenancy agreements and managed by an independent letting agent. One apartment would benefit from updating, offering scope for future rental growth.

We understand the property is connected to mains electricity, water, drainage and electric heating. The residential apartments are Stroud District Council Tax Band A. The two Commercial Units will qualify for Small Business Rate Relief as the Rateable Values are less than £12,000 (number 22 £5,700 and number 24 £9,200). Copies of the EPCs for all units are available upon request.

A rare opportunity to acquire a substantial and fully let mixed-use investment in the heart of this charming Cotswold market town, offering a blend of commercial and residential income and excellent long-term investment potential.

Area Description

Wotton-under-Edge, known as the “Gateway to the Cotswolds,” is a historic Saxon market town set on the Cotswold Escarpment within an Area of Outstanding Natural Beauty. Ranked the happiest place to live in Gloucestershire in 2025, it features a traditional High Street lined with stone buildings, independent shops, cafés, a Tesco Express, a Co operative mini supermarket, The Falcon Steakhouse, and three pubs. The town also includes the 13th century Ram Inn (now closed) and one of the UK’s oldest independent cinemas, operating since 1911. Junction 14 of the M5 is just 5.1 miles away, providing easy access to Bristol, Gloucester, and Cheltenham, while Tetbury - home to the King’s residence - lies 10.1 miles to the east. Rail links are available from Cam and Dursley Station, around 7 miles away, with Charfield Station expected to reopen in Spring 2027. Local primary schools include The Great British School and Bluecoat Primary, with further options in nearby villages. Katharine Lady Berkeley’s Secondary School sits between Kingswood and Wotton-under-Edge and is within walking distance. The town is a popular stop along the Cotswold Way and offers additional leisure facilities such as a golf club and a refurbished seasonal open air swimming pool.

Directions

On entering Wotton-under-Edge from the direction of Charfield and on the B4058, proceed to the end of Bear Street, then turn right into Old Town. Drop down to the War Memorial roundabout, taking the second exit, then right into Long Street. Follow the road past The Falcon Steakhouse, where 22-24 Long Street will be a short distance on your left-hand side.

Disclaimer

Milburys Estate Agents Ltd, their clients and any joint agents give notice that they have not tested any apparatus, equipment, fixtures, fittings, heating systems, drains or services and so cannot verify they are in working order or fit for their purpose. Interested parties are advised to obtain verification from their surveyor or relevant contractor. Statements pertaining to tenure are also given in good faith and should be verified by your legal representative. Digital images may, on occasion, include the use of a wide angle lens. Please ask if you have any queries about any of the images shown, prior to viewing. Where provided, floor plans are shown purely as an indication of layout. They are not scale drawings and should not be treated as such.