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£850,000

High Street, Stratford-Upon-Avon, Warwickshire, CV37 6AU

Property Description

***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%)

Features

  • 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

Disclaimer

Property reference . The information displayed about this property comprises a property advertisement. Wearethemarket.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and wearethemarket.co.uk has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by High Street, Stratford-Upon-Avon. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.