High Street

Stratford-Upon-Avon

£850,000

***DEVELOPMENT OPPORTUNITY TO CONVERT A LARGE COMMERCIAL UNIT INTO SEVERAL APARTMENTS SSTP***

A truly unique opportunity to purchase the freehold interest of two, Grade II listed, retail units in the heart of Stratford-Upon-Avon on a large plot with huge scope for development. Dating back to the early 1600s, this beautiful historic building extends across 3 storeys, as well as an attic, cellar and garden. Scope for residential conversion of the upper floors, subject to planning.

No.20 is let on a business tenancy to Roly's Fudge Pantry for £23,000 per annum. No.19 is subject to a license agreement until 21st February 2023 with a fee of £2,600pcm (Equating to £31,200pa) payable. The licensee has no security of tenure beyond this date which will allow the new freeholder to redevelop the property should they wish to do so.

As a freehold investment the asking price equates to a net initial yield of 6.04% (assuming purchasers costs of 5.56%)

Key Features

1.   Prime Location
2.   Scope for residential conversion (STP)
3.   Grade II listed heritage property
4.   In Excess of 4,000 sq ft
5.   Large Plot
6.   Fantastic Opportunity
7.   Full of Charm
8.   ERV: £50,000

Stratford-Upon-AvonIs internationally famous as the birthplace of William Shakespeare and home to the Royal Shakespeare Theatre, attracting almost four million visitors per year. Stratford is also a prosperous riverside market town with fine restaurants and inns, a good choice of public and private schools and excellent sporting and recreational amenities.

LocationA unique opportunity, offering the very best of Stratford-Upon-Avon's real estate in a prime retail location on a large, town centre plot.

Investment SummaryNo.20 is let on a business tenancy to Roly's Fudge Pantry for £23,000 per annum.
No.19 is subject to a license agreement until 21st February 2023 with a fee of £2,600pcm (Equating to £31,200pa) payable. The licensee has no security of tenure beyond this date which will allow the new freeholder to redevelop the property should they wish to do so.

As a freehold investment the asking price equates to a net initial yield of 6.04% (assuming purchasers costs of 5.56%)

TenureThe Property is for sale Freehold.

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