A 3-storey mixed use property comprising an A5 use Chinese takeaway premises and a four bedroom flat. The property sits on a plot of approximately 0.14 acres with vehicular access onto New Street at the rear.
The property sits on the A3400, the main arterial route running through the town centre. It benefits from excellent visibility to its large retail display.
Within the plot is a two bay open sided brick garage and store which there is a lapsed planning permission for conversion to a one bedroom dwelling.
Location
Shipston is an expanding Cotswold market town situated in south Warwickshire. It sits near to both Gloucestershire and Oxfordshire borders.
The town centre is the focus of a flourishing and growing community. Shipston also has schools (primary & secondary), a medical centre, hospital, library and several sports clubs.
Road connections: Stratford upon Avon (11 miles), Banbury (14 miles) M40 J11, Warwick (17 miles) M40 J15, Leamington Spa (18 miles).
Accommodation
Retail:
Sales Area - 37.44 sq m (403 sq ft)
Kitchens - 29.75 sq m (320 sq ft)
Store/Stock - 48.33 sq m (520 sq ft)
Staff WC
Commercial NIA - 123.19 sq m (1,326 sq ft)
Residential:
First Floor - 59.99 sq m (646 sq fte
Second Floor - 36.24 sq m (390 sq ft)
Residential Subtotal GIA - 96.23 sq m (1,036 sq ft)
Total FIA - 219.42 sq m (2,632 sq ft)
Terms
Price - £XXX
Investment Summary - The property is for sale subject to a five year lease from 25th November 2019 at an initial rent of £XXXpa on full repairing and insuring terms. The lease is within S24-28 of the LTA 1954.
Services & Business Rates - Mains water, drainage, gas and electricity are understood to be connected.
Legal costs - Each party will be responsible for their own legal costs.
Specification
- Freehold Investment
- Mixed Use (A5/C3)
- Fully let on a 5 year lease
- Income £XXXpa
- 0.14 Acre plot
- Redevelopment Potential