Wood Street

Stratford-Upon-Avon

£750,000

The property is a mid terrace building with two self contained retail units at ground floor. The vacant upper floors are presently arranged as a single office with separate access but subject to planning could make a spacious two bedroom flat. Each retail unit has its own shop front and has been fitted out for their uses (Nail bar and beauticians) and together with staff facilities.

The property is three storeys of solid brick construction under a pitched slated roof. It is within Stratford's conservation area but is not listed.

Key Features

1.   Affluent World Tourist Destination
2.   Prominent Town Centre Frontage
3.   Current Rental Income £42,500pa
4.   Potential Residential Conversion of Uppers (STP)

LocationStratford-upon-Avon is internationally renowned as the birthplace of William Shakespeare and attracts over 2.5 million visitors annually. The town is also a thriving retail centre in its own right with an affluent catchment population in the region of 55,000 people. The town benefits from excellent road communications being situated close to Junction 15 of the M40 in the heart of the Midlands.

The property is sat in the centre of the busy Wood Street which is also the terminus for many of the town's bus routes. Neighbouring occupiers include Boots, nationwide Building Society, Bella Italia and William Hill bookmakers.

Accommodation34 Wood Street
Retail Sales 58.5m2 (633sq ft)
Kitchen/Staff 1.95m2 (21sq ft)
Storage/Office 3.16m2 (34sq ft)
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Total NIA 63.94m2 (688sq ft)

35 Wood Street
Retail Sales 24.1m2 (259sq ft)
Kitchen
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Total NIA -

First Floor 34 & 35 Wood Street
Office 78.4m2 (844 sq ft)
Store 6m2 (74 sq ft)
Staff 8.2m2 (88sq ft)
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IPMS3 - Office 93.5m2 (1,006 sq ft)

Tenancies34 Wood Street - Diva Brows & Beauty
Effective FRI 5 year lease from 17th March 2020. Passing rent is £24,500pa

35 Wood Street - Elegance Nails
Effective FRI 6 years from 25th March 2019. Passing rent is £18,000pa
There is an upwards only rent review on 25th March 2022.

Upper Floors 34 & 35 Wood Street - Vacant
Significant scope for rental income growth with residential development (STP)

VATThe property is not elected for VAT.

ViewingTo discuss the property or to arrange a viewing please contact the commercial Team: 01789 387882 or commercial@sheldonbosleyknight.co.uk

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