Sheldon Bosley Knight
Tel: 01789 387887
Celixir House
Stratford Business & Technology Park
Banbury Road
Stratford On Avon
CV37 7GZ
CHAPEL STREET, STRATFORD UPON AVON
£375,000 Sold (STC)
Commercial
- Freehold Shop and Residential Investment
- Current Rental Income £24,200pa
- Stratford-upon-Avon Town Centre
- 128.94m2 (1,387 sq ft) GIA
The property is a grade 2 listed three storey, Victorian fronted building, offered for sale as a mixed use freehold investment. It comprises a ground floor shop and separately accessed residential apartment set over first and second floors.
It is prominently situated in the heart of Stratford upon Avon's town centre and near to all local, retail, leisure and cultural amenities.
Location
Stratford-upon-Avon is an international tourist destination with over 2.5 million visitors annually, due to its historical connections and extensive catchment area. The town is also situated in the heart of the Midlands and benefits from easy access to Junction 15 of the M40 and the national road network. The resident population of roughly 55,000 together with the high number of visitors makes Stratford a vibrant town centre location.
Investment Summary
Commercial Ground Floor - Montpellier Gallery:
A lease of the premises on IRI terms with a passing rent of £17,000pa. The tenant is holding over on a lease which is within the security of tenure provisions of the 1954 Landlord & Tenant Act. The tenant has indicated a wish to remain in the premises on lease terms to be agreed with the new freeholder.
Residential Upper Floors:
The Flat 8 Chapel Street - Let on a periodic Assured Shorthold Tenancy at a passing rent of £600pcm.
Gross Initial Yield of 6.45%
Accommodation
Ground floor - Retail 72.10m2 (776 sq ft)
First & Second Floor - Residential56.84m2 (611 sq ft)
Total GIA 128.94m2 (1,387 sq ft)
Services
It is understood that electric, water and foul water drainage are connected to the property. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Business Rates & Council Tax
Retail Rateable value from 1 April 2023: £12,000
Residential Council Tax band: C
EPC
Commercial EPC: B
Residential EPC: E
Viewing
To discuss the property or to arrange a viewing please contact the Commercial Team on 01789 387882 or commercial@sheldonbosleyknight.co.uk
Important Notes
We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.
Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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