10 Henley Street, Stratford-upon-Avon, Warwickshire, CV37 6PT
- SIZE
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- SECTOR
Out-of-town retail property for sale
Key features
- Gross Initial Yield - 8.00%
- Entirely Let to Subway Realty Ltd on a Lease Expiring 2035
- Well Located Adjacent to The Henley Room and on The Pedestrianised Shopping Area
Description
For Sale by Public Online Auction on 03/09/2025 13:00
Location
The Property is situated fronting the pedestrianised section of Henley Street, close to its junction with Meer Street, in the centre of the historic market town of Stratford-upon-Avon. The surrounding area comprises a mix of retail and service sector occupiers, including independent gift shops, cafs, jewellers, and attractions such as The Henley Room, which is located adjacent to the Property.
The town benefits from good road communications via the A46, which links with the M40 motorway at Junction 15, approximately 7 miles to the north east, providing access to Birmingham, Oxford, and London.
Stratford-upon-Avon railway station is located approximately 0.2 miles to the south west of the property and offers regular services to Birmingham Moor Street and London Marylebone, with journey times to London of approximately 2 hours and 14 minutes.
Description
The property comprises a Grade II Listed, mid terrace arranged over two storeys with an attic. The property currently trades as Subway and operates as a restaurant and takeaway.
Internally, the ground floor provides a retail area with a customer seating section for approximately 7 covers to the front and side. A food display and service counter is located on the left-hand side, with a kitchen and built-in chiller to the rear. The interior is finished in standard Subway livery retaining a number of original features.
The first floor provides additional seating for approximately 18 covers, a unisex WC, and a stockroom with a chiller. The attic level is used as a staff room and extends to approximately 115.90 sq m (1,248 sq ft) NIA.
The site extends to approximately 0.006 hectares (0.016 acres).
Tenure
We understand the property is held Freehold under Title Number WK368094.
Tenancy
The property is let to Subway Realty Ltd for a term of 15 years from 21 October 2020 expiring 20 October 2035 at a current rent of £30,000 per annum, subject to 5 yearly open market rent reviews. The next rent review is 21 October 2025. The tenant has an option to determine the lease on either 20 October 2025 and 20 October 2030, subject to 6 months prior notice. The tenant has not exercised the October 2025 break option.
Planning
The property is situated within Stratford-Upon-Avon Conservation Area.
Planning Authority
Stratford-on-Avon District Council -
No EPC required
Refer to the legal documentation
Note
A purchase at the guide price would reflect a Gross Initial Yield of 8.0% (based upon passing rent) and 9.0% (based upon ERV).
For further information please go to
Brochures
10 Henley Street, Stratford-upon-Avon, Warwickshire, CV37 6PT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stratford-upon-Avon Station0.4 miles
- Stratford-upon-Avon Parkway Station1.4 miles
- Wilmcote Station2.9 miles
Notes
Disclaimer - Property reference 295452. 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 Lambert Smith Hampton, Auctions. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lambert Smith Hampton, Auctions on 020 3834 8766.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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