8-12 Greenhill Street, Stratford-upon-Avon, Warwickshire, CV37 6LF
Guide Price* : £650,000 plus
MIXED USE INVESTMENT
- Mixed Used Investment
- Freehold
- Investment Producing £64,600 Per Annum
- Approximately 3,010.57 sq m (32,405 sq ft) GIA
- On a Site of Approximately 0.445 Hectares (1.101 Acres)
Addendum
EPC
Unit 12A - C:57
Rear of 12A - D:85
Unit 12B - B:35
Rear of 12B - D:85
Unit 12C - B:43
Unit 12D - B:33
Description
The subject property comprises a two storey former supermarket set within a parade, that has been extended to provide offices, 4 x retail units, a leisure unit and roof top car park with approximately 160 spaces.
Units 8-10 - Office and Roof-Top Car Park
The accommodation comprises a mix of modern open plan and partitioned offices arranged over the ground floor, including meeting rooms, reception, kitchen, staff areas and WC facilities. Additional storage rooms are located at first/mezzanine level, which also provides secondary rear access to the roof-top car park.
Part of the ground floor has been sub-divided to provide a former night-club and bar.
The roof top car park is accessed via a ramp to the rear off Mansell Street with approximately 160 parking spaces.
Unit 12A
The property comprises a ground floor mid-terrace retail unit trading as a vape store.
Unit 12B
The property comprises a ground floor mid-terrace retail unit trading as a micro pub.
Unit 12C
The property comprises a ground floor mid-terrace retail unit trading as an off licence.
Unit 12D
The property comprises a small ground floor mid-terrace retail unit training as a convenience store.
Externally, the property includes a service yard with two storage units accessed from the rear via Mansell Street, and a further 18 car parking spaces. The site extends to approximately 0.445 hectares (1.101 acres).
Location
The property is located on Greenhill Street, between its junctions with Windsor Street and Arden Street, occupying a prominent position on a main road location just outside the primary retail core of the historic market town of Stratford-upon-Avon. The immediate surrounding area is mixed-use in nature, comprising retail, residential, and commercial occupiers.
The M40 motorway, which provides connections between London, Oxford, and Birmingham, is located approximately 6.2 miles to the north east of the Property. Stratford-upon-Avon is located approximately 17 miles south of Solihull, 22 miles south west of Coventry, 28 miles south of Birmingham, 49 miles southeast of Wolverhampton.
Stratford-upon-Avon railway station is located less than mile west of the Property, offering regular direct services to Stratford-upon-Avon Parkway, Wilmcote and Birmingham Moor Street and Birmingham Airport is situated approximately 18 miles to the north.
Tenure
We understand the property is held freehold under Title Number WK331460. We understand the office and roof-top car park are held long leasehold for a term of 999 years years at a peppercorn rent from 16 December 1996 with approximately 971 years remaining.
Planning Authority
Stratford-on-Avon District Council - www.stratford.gov.uk
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
Refer to the legal documentation
Energy Performance Certificate
TBC
Accommodation
Address | Tenant | Floor | Use | Sq M | Sq F | Lease Terms | Rent £ pa | Rent Review |
---|---|---|---|---|---|---|---|---|
10 | Orbit Housing Association Ltd | Ground and First Floor | Offices | 1,562.95 | 16,824 | 999 years from 16/12/1996 | Peppercorn | N/A |
12A | Private Individual | Ground | Retail | 57.80 | 622 | 10 years from 20/12/2019 | £14,100 | N/A |
12B | Private Individual | Ground | Retail | 58.70 | 632 | 10 years from 02/09/2024 | £14,100 | 5 Yearly |
12C | Private Individual | Ground | Retail | 54.04 | 582 | 10 years from 22/07/2024 | £14,500 | 3 Yearly |
12D | Private Individual | Ground | Retail | 56.34 | 606 | 10 years from 09/12/2015 | £15,500 | 5 Yearly |
8 | Vacant | Ground | Nightclub and Bar | 860.87 | 9,266 | 999 years from 16/12/1996 | Peppercorn | N/A |
Rear of 12A, 12B and 12C | Vacant | Ground | 2 x Store | 359.87 | 3,873 | N/A | N/A | N/A |
Car Park | Unknown | Ground | 9 x Spaces | N/A | N/A | Unknown | £3,600 | N/A |
Car Park | Unknown | Ground | 1 x Space | N/A | N/A | Unknown | £400.00 | N/A |
Car Park | Unknown | Ground | 4 x Spaces | N/A | N/A | Unknown | £2,400 | N/A |
Car Park | Vacant | Ground | 4 x Spaces | N/A | N/A | Unknown | N/A | N/A |
Total | 3,010.57 | 32,405 | £64,600 |
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
** If you take up this service, Dynamo may pay a referral payment of up to 20% of the procuration fee received by Dynamo from the relevant lender on completion of the mortgage to us. This is not paid by you and has no impact on the service provided. Dynamo is a trading name of Dynamo Mortgages Limited, which is part of the same group of companies as Lambert Smith Hampton, owned by Connells Limited.
If you take up this service you will agree your own separate contract with Dynamo, and Lambert Smith Hampton is not responsible for the accuracy, quality or suitability of any advice, recommendations or services provided to you.
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