***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%)
- Prime Location
- Scope for residential conversion (STP)
- Grade II listed heritage property
- In Excess of 4,000 sq ft
- Large Plot
- Fantastic Opportunity
- Full of Charm
- ERV: £50,000
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