Commercial Property for sale

Sheep Street, Stratford upon Avon

£135,000
744 sq. ft.

Property Description

Commercial information

  • 744 sq ft (69 sq m)

Full description

Tenure: Leasehold

LOCATION
STRATFORD UPON AVON is a thriving Market Town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many of the industrial and commercial centres of the Midlands and the Cotswolds are close at hand.

Junction 15 of the M40 motorway lies within 6 miles at Longbridge, Warwick, enabling good communications of the Midlands conurbation, via the M42, M5 and M6 as well as affording a straightforward route to London and the South.

SHEEP STREET is the principal restaurant destination in Stratford upon Avon, being in close proximity to the Theatre and Waterside Gardens, and includes many multiple traders such as Café Rouge, as well as many well known and well established restaurants such as Lambs, The Opposition and The Vintner.

DESCRIPTION
Number 19 Sheep Street comprises an attractive, double fronted Grade II Listed building, which offers retail/café accommodation on the ground floor, together with substantial walled garden, covered patio and external areas, together with two bedroom living accommodation above. The business is currently run as a mixed café and is offered for sale on the basis of the purchase of the lease, business goodwill, together with existing fixtures and fittings. Offering scope, subject to planning permission and Landlord's consent for a variety of other business types and uses, as well as expansion of the current business hours and/or menu. The property does benefit from a liquor licence currently.

ACCOMMODATION
Ground Floor
Glazed double bay frontage with fully equipped servery counter and seating areas.
Retail Area 636 sq.ft. (59.08 sq.m.)
Kitchen 108 sq.ft. (10.03 sq.m.) fully equipped with stainless steel benches and working surfaces, shelving, fridge and dishwasher, two sinks.
Cellar/Basement Storage

Total Net Internal Area 744 sq.ft. (69.11 sq.m.)

In addition, there is a Bakery and Store Room with electrics and plumbing. The bakery equipment is not included in the sale, but may be available by separate negotiation.

Outside
Substantial private walled garden with outside covered seating for up to 30 covers plus patio area and lawned garden beyond with a further 30 covers. Large wooden building with power and mains water, formerly used as a pottery, but suitable for demonstration classes, storage, etc.

Stairs rise from the front retail area to:

First Floor Flat comprising
Living Room, 16´3" x 11´1" (4.95m x 3.38m)
Bedroom One 15'4" x 11'8" (4.67m x 3.56m)
Bedroom Two 13'3" x 10'2" (4.04m x 3.10m)
Bathroom 9'8" x 9'3" (2.95m x 2.82m)

TERMS
Presently held on a Full Repairing and Insuring Lease for a term of 15 years from 25th September 2012 at a rental of £25,000 per annum exclusive (reviewed 2017). The lease is subject to rent reviews every five years.

The lease is contracted outside the provisions of the Landlord & Tenant Act as regards security of tenure.
The premises benefit from planning consent (Ref: 15/02868/FUL) for the change of use of the premises from Retail Use Class A1 to Mixed Use Retail, Use Class A1 and Restaurant/Café (Use Class A3).

BUSINESS
The present occupiers have increased turnover significantly since September 2016 and demonstrate potential by extending opening hours.

ASKING TERMS
Offers based on £135,000 are sought for the benefit of the lease, any existing business goodwill and business fixtures and fittings. Stock is to be paid in addition at valuation. Assignment of the lease is subject to Landlord's consent as is any variation to the lease as regards user clause.

VAT
All prices and rents are quoted exclusive of VAT, which may be payable in addition to any prices quoted above.

VIEWING
CONFIDENTIAL
The sale of the lease and business is confidential and it should be appreciated that any viewings are to be made by prior appointment via the selling agents:

Peter Clarke & Co
Stratford upon Avon
01789 415444


More information from this agent

Nearest stations

  • Stratford-upon-Avon (0.5 mi)
  • Wilmcote (3.0 mi)
  • Bearley (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Peter Clarke & Co, Stratford-Upon-Avon - Commercial

53 Henley Street, Stratford-Upon-Avon, CV37 6PT

01789 611050 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stratford-upon-Avon (0.5 mi)
  • Wilmcote (3.0 mi)
  • Bearley (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Peter Clarke & Co, Stratford-Upon-Avon - Commercial

53 Henley Street, Stratford-Upon-Avon, CV37 6PT

01789 611050 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100569025753. 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 Peter Clarke & Co, Stratford-Upon-Avon - Commercial. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.