West Street

Shipston On Stour

£350,000

A 3-storey mixed use property comprising an A5 use Chinese takeaway premises and a four bedroom flat. The property sits on a plot of approximately 0.14 acres with vehicular access onto New Street at the rear. The property sits on the A3400, the main arterial route running through the town centre. It benefits from excellent visibility to its large retail display. Within the plot is a two bay open sided brick garage and store which there is a lapsed planning permission for conversion to a one bedroom dwelling.

Key Features

1.   Mixed Use Residential and Retail Freehold Investment
2.   Mixed Use (A5/C3)
3.   Fully let on a 5 year lease
4.   Income £18,720pa
5.   0.14 Acre plot
6.   Redevelopment Potential
7.   GIA 219.42m2 (2,632sq ft)

LocationShipston is an expanding Cotswold market town situated in south Warwickshire. Its near to both Gloucestershire and Oxfordshire borders. The town centre is the focus of a growing community. Shipston also has schools (primary & secondary), a medical centre, hospital, library and several sports clubs. Road connections: Stratford upon Avon (11 miles), Warwick (17 miles) M40 J15, Leamington Spa (18 miles).

Investment SummaryThe property is for sale subject to a five year lease from 25th November 2019 at an initial rent of £18,720pa on full repairing and insuring terms. The lease is within S24-28 of the LTA 1954.

AccommodationRetail Sales Area 37.44m2 (403sq ft)
Kitchens 29.75m2 (320sq ft)
Store/Stock 48.33m2 (520sq ft)
Staff WC
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Commercial NIA 123.19 m2 (1,326sq ft)
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Residential First Floor 59.99m2 (646sq ft)
Residential Second Floor 36.24m2 (390sq ft)
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Residential Subtotal GIA 96.23m2 (1,036sq ft)
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Total GIA 219.42m2 (2,632sq ft)

Services & Business RatesMains water, drainage, gas and electricity are understood to be connected.

Legal costsEach party will be responsible for their own legal costs.

Energy Performance CertificateBand E

ViewingTo arrange a viewing please contact the commercial team:
01789 387882

Important NotesWe 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.