Town Centre Freehold Retail Investment
Details - LOCATION
Stratford is situated 5 miles from junction 15 of the M40 of the London to Birmingham motorway and is an affluent Warwickshire market town. It is also an international tourist destination with over 2.5 million visitors annually. The resident population of approximately 55,000 together with the high number of visitors makes Stratford a vibrant town centre location.
The property occupies a prominent location in Wood Street close to many multiple retailers. It is in close proximity to the former Town Square which has recently had an extensive refurbishment and is now anchored by Everyman cinema together with other associated national covenant restaurants.DESCRIPTION
A substantial freehold investment let to national covenant betting firm with a passing rent of £75,000 per annum.
The retail premises comprises a prominent frontage onto Wood Street with a substantial premises and a site depth of approximately 42m. Included within the footprint of the building is covered car parking for approximately three vehicles. Towards the rear of the lot is a more modern 1970s two storey office premises. Vehicular and pedestrian access to the rear of the site is via a private service yard which leads from Rother Street marketplace.
The property offers good quality investment lot or freehold redevelopment opportunity subject to planning and vacant possession.ACCOMMODATION
The property provides the following net internal floor area:
Ground floor 283.15m2 (3,048 sq.ft.)
First floor 67.75m2 (729 sq.ft.)
Rear office block first floor 84m2 (903 sq.ft.)
Total net internal area 435m2 (4,680 sq.ft.)AMENITIES
There is direct road access to Rother Street via the private service road to the rear. There is car parking within the site.TERMS
The freehold is available as an investment for offers over £795,000.
The property is let on business lease of the whole to Dunn Brothers (Cash Betting) Ltd trading as Betfred on a full repairing and insuring lease at a passing rent of £75,000paOUTGOINGS
The property is currently listed within the 2017 rating listing as having a rateable value of £32,750.LEGAL COSTS
Each party will be responsible for their own professional fees.
EPC Band D