16, Warwickshire, CV36 4AF

A valuable freehold with development/investment opportunity. Ground floor retail shop and residential use over having planning consent for conversion to three self-contained apartments

£395,000

Details - LOCATION

Shipston is an expanding Cotswold market town situated in south Warwickshire. It sits near to both Gloucestershire and Oxfordshire borders.

The town centre is the focus of a flourishing and growing community. Shipston also has schools (primary & secondary), a medical centre, hospital, library and several sports clubs.

Road connections:

Stratford upon Avon (11 miles), Banbury (14 miles) M40 J11, Warwick (17 miles) M40 J15, Leamington Spa (18 miles).

Rail connections:

Moreton in Marsh (7 miles) to London Paddington 1hr 30m.

DESCRIPTION

A large, prominently situated Georgian property in a prime location in Sheep Street.

The property has been the home of renowned local business for a number of years. It is now ready to release its full potential via modernisation and/or refurbishment.

Vehicular access leading to parking within the curtilage is available from the rear.

The property currently provides retail use on the ground floor and a large residential flat on the first and second floors.

Detailed Planning Consent and Listed Building has been granted for the conversion of the upper floors into three flats.

(Reference No: 17/00599/FUL & 17/00600/LBC)

The proposed conversion currently envisions:

1 x two-bedroom flat of approx. 650sq. ft.

2 x one-bedroom flats of approx. 375 sq. ft. & 430 sq. ft.

This is a rare opportunity to purchase a valuable freehold development and investment opportunity which in our opinion offers scope for altering the proposed layout to increase the development density and potential end value (stp). Alternatively, refurbishment could provide for a grand family home.

ACCOMMODATION

The commercial part has a net internal area of approx. 948 sq. ft. with a net frontage of 10m to Sheep Street.

The residential part totals approx. 2,032 sq. ft set over the first and second floors.

AMENITIES

There is a Valuable Courtyard to the rear of the property with vehicular access from the Stratford District Council owned Telegraph Street public car park, and providing private parking for the shop together with a substantial Open Fronted Store.

Note: There is a retained single car parking space and access over the yard in favour of the adjoining flats The Old Stores.SERVICES

All mains services are connected to the property. No tests have been undertaken to the service installations. Interested parties are advised to make their own enquiries and investigations before finalising their offer to purchase.TERMS

The property is for sale Freehold with vacant possession on completion. OUTGOINGS

Rateable Value: £7,700

Council Tax: Band B

Business Rates and Council Tax payable to Stratford on Avon District Council.VAT

VAT is not payable on the purchase price.VIEWING

To discuss the property or to arrange a viewing please contact Mark Treadwell.

01789