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

SITUATION
The property occupies a prominent site on the High Street in the heart of Stratford upon Avon's retail provision. The property's location is on the southern end of the High Street and close to the entrance to Bell Court. Bell Court has recently undergone a £30 million redevelopment which comprises 28 shops, restaurants, cafes and a four screen Everyman Cinema. Nearby retailers include Gail's, Lush, Joules, Superdrug, Waterstones along with proximity to many popular leisure operators situated in Bell Court including Nando's and ASK.

DESCRIPTION
The property is an attractive Grade II listed Tudor building configured over three floors. The ground floor and part first floor is let to Robert Dyas and the front part of the first floor and second floor is configured as residential accommodation that has been sold off on a long leasehold basis.

To the rear of the unit is a service yard accessed off Rother Street.

TENANCY
Lease to Robert Dyas Holdings Limited at a rent of £74,000 per annum on a 10 year term expiring on 24th March 2035. Open market review on 25th March 2030. There is 7.5 months rent free until November 2025. Vendor to top up to £74,000 per annum. Robert Dyas have been in occupation of this unit for over 20 years. There is a tenant only break date on 25th March 2030.

INVESTMENT CONSIDERATIONS
Stratford upon Avon is a highly affluent Medieval market town in Warwickshire that was voted 13th Happiest Places to live according to Rightmove in 2024 and is synonymous with being the birthplace of William Shakespeare, attracting millions of visitors yearly.

The property occupies a prominent position on the southern end of the main retailing pitch, High Street, in proximity to the entrance of Bell Court Shopping Centre.

Stratford upon Avon benefits from excellent transport connections via the A46 which provides access to the M40 connecting the town to Birmingham, London and Oxford. The town benefits from two railway stations.

Attractive three storey building with retail accommodation on the ground and part floor and a service yard to the rear. Part first floor and second floor are sold off on a long leasehold.

Total floor areas: 4,234 sq ft (393.4 sq m)

The property is let to Robert Dyas Holdings Ltd until March 2035 on a passing rent of £74,000 per annum. Robert Dyas have been in occupation for over 20 years.

EPC
Available from the agents

VAT
The property has been elected for VAT purposes and it is expected that the investment sale will be treated as a Transfer of a Going Concern (TOGG)

VIEWINGS
Strictly via the agents, Tim Cox Associates. Telephone: and Colliers. Telephone