An investment opportunity on Wood Street with a national covenant. The property is a substantial Town Centre Freehold with parking, offices and large retail areas.
Both vehicular and pedestrian access can be gained at the rear of the site via Rother Street. The property offers an opportunity for redevelopment subject to planning and vacant possession. The property comprises car parking for approximately three vehicles along with a rear two storey office premises.
Location
Stratford-upon-Avon is a historic town in Warwickshire, situated on the River Avon. Heavily visited by tourists and residents alike, Stratford-upon-Avon is famously known for William Shakespeare's birthplace, as well as other attractions associated with him, like Anne Hathaway's Cottage (the childhood home of Shakespeare's wife) and the Royal Shakespeare Theatre. The town itself is picturesque, with charming Tudor-style buildings, lovely parks and riverside walks.
Wood Street is a prominent location in the Centre of Stratford-upon-Avon Town which houses national retailers such as CEX, Boots, Trespass, Fraser Hart, Vision Express, and Fine-Jeweller George Praqnell.
Accommodation
Ground Floor - 283.15m² (3,048 ft²)
First Floor: 151.75m² (1,632ft²)
Gross Internal Area: 434.9m² (4,680ft²)
Terms
Tenure
Freehold Purchase - £770,000
Investment
The property is leased to Done Brothers (Cash Betting) Ltd trading as Betfred on a 5-year full repairing and insuring lease, from 03/2023 until 03/2028 with a passing rent of £47,000 per annum.
Services
We understand mains electric, gas, water and drainage are connected. All interested parties are advised to make their own enquiries to confirm continuity of supply.
Business Rates
Rateable Value: £39,500
Energy Performance Certificate
EPC Rating: Band D 83
Planning
Presently Class E as defined by the Town & Country Planning Act (Use Classes Order).
For all planning enquiries, please contact Wychavon District Council on planning@wychavon.gov.uk or call 01386 565 565.
VAT
VAT is not charged on the property.
Legal Costs
Each party is to meet their own costs.
Specification
- Substantial High Street Demise
- Gross Internal Area: 434m² (4,6802ft²)
- Investment Opportunity
- Leased To A National Covenant
- Passing Rental Value: £47,000 per annum
- Future Development Subject to Planning & VP