£595,000

Retail premises for sale

  1.  13/14 Meer Street
  2.  Ground Floor Deli
  3.  Ground Floor Deli

Offers in region of

£595,000

(£272.06/sq. ft)

Retail premises for sale

Meer Street, Stratford Upon Avon CV37

2,187 sq. ft

Local area information

Property location

Nearby amenities

  • King Edward VI School 0.2 miles
  • St Gregory's Catholic Primary School 0.3 miles
  • Stratford-upon-Avon 0.4 miles
  • Stratford-upon-Avon Parkway 1.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold investment for sale
  • Grade II listed premises
  • Ground floor deli/cafe
  • First floor hairdressers
  • Two parking spaces allocated to the ground floor tenant on A licensed
Situation

The premises is situated in Meer Street, in the centre of Stratford upon Avon adjoining The Minories Shopping Arcade.
Description

The property is a Grade II listed two storey building with a pitched roof and modern extensions to the rear. There is rear servicing and parking for two cars.
Ground floor

Café area (for approx 40 covers) 1,006 sq ft (93.4 sq m)
Fully fitted kitchen 135 sq ft (12.5 sq m)
Office/stores 73 sq ft (6.8 sq m)
Separate wc
First floor

Main area: 690 sq ft (64.1 sp m)
Ancillary: 283 sq ft (26.3 sq m)

Please note : Every effort has been made to ensure that the above floor areas are accurate. They are in accordance with the Code of Measuring Practice. Fittings restricted measurement at the time of inspection. Interested parties should verify these for themselves. The ground floor is let to The Kenilworth Snug Limited
for 7 years from 17th January 2022 at a rent of £30,000 per annum, subject to a rent review on 17th January 2026. There is a rent deposit of £7,500. The tenant contributes 50% to the service charge and this is capped at £2,500, with annual rpi increases. There is a schedule of condition attached to the lease.
First floor

The first floor is let to Jane Clayton as a hairdressing salon for 5 years from October 2018 at a rent of £12,000 per annum. The tenant contributes 50% to the service charge. The lease is contracted outside the security provisions of the Landlord and Tenant Act 1954 Part II. Discussions are taking place for the tenant to renew for a further five years.
Sale price

Offers in the region of £595,000 for the freehold, subject to both leases
Floor plans

Available on request
Parking

There are 2 spaces allocated to the ground floor tenant on a license.
Rateable value

Current: Ground Floor £26,500 and First Floor £15,000
From 1st April 2023: Ground Floor £23,750 and First Floor £13,500

Please Note : We believe that for certain tenants that there may be no liability to pay rates, however this office gives no warranty that the rating values supplied and the sums of money expressed as being payable are accurate and the purchaser/tenant must rely upon their own enquiries with the Local Authority on or
.
Legal costs

Each party will be responsible for their own legal costs incurred in the transaction.
VAT

We understand that VAT is not payable on the sale price.

EPCs available on request
Viewing

By prior appointment with the sole Agents.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Tim Cox Associates. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Tim Cox Associates for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Warwickshire
  4. Stratford-upon-Avon
  5. Meer Street

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