Retail premises for sale in Meer Street, Stratford Upon Avon CV37
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Freehold investment for sale
- Grade II listed premises
- Ground floor deli/cafe
- First floor hairdressers
- Two parking spaces allocated to the ground floor tenant on A licensed
Property description
Situation
The premises is situated in Meer Street, in the centre of Stratford upon Avon adjoining The Minories Shopping Arcade.
Description
The property is a Grade II listed two storey building with a pitched roof and modern extensions to the rear. There is rear servicing and parking for two cars.
Ground floor
Café area (for approx 40 covers) 1,006 sq ft (93.4 sq m)
Fully fitted kitchen 135 sq ft (12.5 sq m)
Office/stores 73 sq ft (6.8 sq m)
Separate wc
First floor
Main area: 690 sq ft (64.1 sp m)
Ancillary: 283 sq ft (26.3 sq m)
Please note : Every effort has been made to ensure that the above floor areas are accurate. They are in accordance with the Code of Measuring Practice. Fittings restricted measurement at the time of inspection. Interested parties should verify these for themselves. The ground floor is let to The Kenilworth Snug Limited
for 7 years from 17th January 2022 at a rent of £30,000 per annum, subject to a rent review on 17th January 2026. There is a rent deposit of £7,500. The tenant contributes 50% to the service charge and this is capped at £2,500, with annual rpi increases. There is a schedule of condition attached to the lease.
First floor
The first floor is let to Jane Clayton as a hairdressing salon for 5 years from October 2018 at a rent of £12,000 per annum. The tenant contributes 50% to the service charge. The lease is contracted outside the security provisions of the Landlord and Tenant Act 1954 Part II. Discussions are taking place for the tenant to renew for a further five years.
Sale price
Offers in the region of £595,000 for the freehold, subject to both leases
Floor plans
Available on request
Parking
There are 2 spaces allocated to the ground floor tenant on a license.
Rateable value
Current: Ground Floor £26,500 and First Floor £15,000
From 1st April 2023: Ground Floor £23,750 and First Floor £13,500
Please Note : We believe that for certain tenants that there may be no liability to pay rates, however this office gives no warranty that the rating values supplied and the sums of money expressed as being payable are accurate and the purchaser/tenant must rely upon their own enquiries with the Local Authority on or
.
Legal costs
Each party will be responsible for their own legal costs incurred in the transaction.
VAT
We understand that VAT is not payable on the sale price.
EPCs available on request
Viewing
By prior appointment with the sole Agents.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Tim Cox Associates, CV37 on +44 1789 229748 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Tim Cox Associates, and do not constitute property particulars. Please contact Tim Cox Associates for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.