Rother Street, Stratford-Upon-Avon, Warwickshire, CV37
Offers in Region of
£1,150,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- CURRENT INCOME FROM THE SHOPS AND OFFICES OF £44,716 PA
- ATTRACTIVE INCOME FROM CAR PARK, CURRENTLY AVERAGING IN EXCESS OF £40K PLUS ADDITIONAL PERMITS OF £7.5 K
- PLANNING PERMISSION TO CREATE TWO FLATS
- FURTHER POTENTIAL TO CREATE ADDITIONAL RESIDENTIAL UNITS, SUBJECT TO PP
- GUIDE PRICE: OFFERS IN THE REGION OF £1.15 MILLION
Description
SITUATION
The premises are situated on Rother Street, just a few minutes' walk from the town centre and close to the market square and entrance to Bell Court, with its many bars, restaurants and shops. Stratford upon Avon is located on the banks of the River River Avon, approximately 22 miles south of Birmingham and 8 miles south west of Warwick. The A46 gives good access to the M40 (J15) and the motorway network. There are railway stations in the town and Birmingham International Airport is approximately 40 miles away.
No. 45/45a. Rother Street
Comprising a detached two storey building of brick construction with a pitched tile roof and glazed shop front. The property was formerly two units but now provides one retail unit although both entrances remain in place. Ground floor sales with storage to the rear and first floor sales, storage and kitchenette. Small office and wc on the ground floor.
No. 45b (The Coach House) Rother Street
Situated at the rear and comprising a detached building of brick construction with a pitched roof and upvc double glazed windows. The accommodation comprises cellar offices; reception, store room, kitchen and wc on the ground floor and an open plan office on the first floor.
No 46. Rother Street
A 3 storey property of brick construction with a pitched roof and timber frame windows. The accommodation comprises basement (currently used as a tattoo studio with wc facilities); ground floor with two self-contained offices each with two rooms and wc facilities. First and second floors providing self-contained offices (currently vacant but with planning permission to convert to residential use on part).
Car Park.
Pay and display car park at the rear which provides 22 spaces. We understand that 5 spaces are allocated to the tenants and the remaining 17 spaces are income generating through pay and display.
LEASES/LICENSES
We understand that all the leases/agreements are internal repairing only. The tenants contribute to a share of the buildings insurance and the landlords are responsible for the structure and external repairs. A copy of the leases and agreements are available from the Agents
Smart Parking operate the 17 spaces on the car park on a 3 year agreement, from 2024. The landlord receives 80% of the income which is currently in excess of £40,000 pa. Smart Parking are looking to increase the charges shortly, which will increase the income to the vendor. A copy of the current charges is available from the Agents.
PLANNING PERISSION
Planning exists to convert part of the first floor of 46 Rother Street into a one bedroom flat and a two bedroom penthouse flat on the second floor. Planning ref: 23/00647/FUL. It may be possible to obtain planning permission to create further residential units in No. 46.
SCHEDULE OF INCOME/FLOOR AREAS
Please see brochure attached. Alternatively, please call the Agent.
FLOOR PLANS
Existing floor plans are available for Nos 45B and 46 Rother Street and a site plan.
GUIDE PRICE
Offers in the region of £1,150,000
SERVICES
We understand that all mains services are connected.
EPC'S
Available from the Agents
LEGAL COSTS
Each party will be responsible for their own legal costs in the transaction.
VAT
We understand that VAT is not payable on the sale price.
VIEWING
Strictly by appointment with Tim Cox Associates. Telephone .
The premises are situated on Rother Street, just a few minutes' walk from the town centre and close to the market square and entrance to Bell Court, with its many bars, restaurants and shops. Stratford upon Avon is located on the banks of the River River Avon, approximately 22 miles south of Birmingham and 8 miles south west of Warwick. The A46 gives good access to the M40 (J15) and the motorway network. There are railway stations in the town and Birmingham International Airport is approximately 40 miles away.
No. 45/45a. Rother Street
Comprising a detached two storey building of brick construction with a pitched tile roof and glazed shop front. The property was formerly two units but now provides one retail unit although both entrances remain in place. Ground floor sales with storage to the rear and first floor sales, storage and kitchenette. Small office and wc on the ground floor.
No. 45b (The Coach House) Rother Street
Situated at the rear and comprising a detached building of brick construction with a pitched roof and upvc double glazed windows. The accommodation comprises cellar offices; reception, store room, kitchen and wc on the ground floor and an open plan office on the first floor.
No 46. Rother Street
A 3 storey property of brick construction with a pitched roof and timber frame windows. The accommodation comprises basement (currently used as a tattoo studio with wc facilities); ground floor with two self-contained offices each with two rooms and wc facilities. First and second floors providing self-contained offices (currently vacant but with planning permission to convert to residential use on part).
Car Park.
Pay and display car park at the rear which provides 22 spaces. We understand that 5 spaces are allocated to the tenants and the remaining 17 spaces are income generating through pay and display.
LEASES/LICENSES
We understand that all the leases/agreements are internal repairing only. The tenants contribute to a share of the buildings insurance and the landlords are responsible for the structure and external repairs. A copy of the leases and agreements are available from the Agents
Smart Parking operate the 17 spaces on the car park on a 3 year agreement, from 2024. The landlord receives 80% of the income which is currently in excess of £40,000 pa. Smart Parking are looking to increase the charges shortly, which will increase the income to the vendor. A copy of the current charges is available from the Agents.
PLANNING PERISSION
Planning exists to convert part of the first floor of 46 Rother Street into a one bedroom flat and a two bedroom penthouse flat on the second floor. Planning ref: 23/00647/FUL. It may be possible to obtain planning permission to create further residential units in No. 46.
SCHEDULE OF INCOME/FLOOR AREAS
Please see brochure attached. Alternatively, please call the Agent.
FLOOR PLANS
Existing floor plans are available for Nos 45B and 46 Rother Street and a site plan.
GUIDE PRICE
Offers in the region of £1,150,000
SERVICES
We understand that all mains services are connected.
EPC'S
Available from the Agents
LEGAL COSTS
Each party will be responsible for their own legal costs in the transaction.
VAT
We understand that VAT is not payable on the sale price.
VIEWING
Strictly by appointment with Tim Cox Associates. Telephone .
Brochures
Rother Street, Stratford-Upon-Avon, Warwickshire, CV37
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stratford-upon-Avon Station0.3 miles
- Stratford-upon-Avon Parkway Station1.4 miles
- Wilmcote Station2.9 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 45ROTHER. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by TIM COX ASSOCIATES, Warwickshire. Please contact the selling agent or developer 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.
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