A mixed use freehold comprising a ground floor shop and two flats above. Set over three storeys, this Grade 2 listed period property offers superb investment potential.
The ground floor has an A1 planning use shop and operates as an optician. It islet on a business tenancy. Further details upon application.
42a Sheep St is a three bedroom flat split across ground, first and second floors. It is let on an assured shorthold tenancy.
42b is a one bedroom flat across ground and first floors to the rear of the property and is currently vacant.
All demises have their own access. To the rear of the property is an out house suitable for conversion plus a garden and garage with vehicular access from the rear.
Location
Located in the popular market town of Shipston on Stour which is approximately ten miles from Stratford-uponAvon and on the edge of the Cotswolds. The town has a number of facilities including shopping, sporting, and community. It also has both primary and secondary educational provision.
The property is situated in the town centre close to a number of high-quality independent boutique shops and national covenant retailers.
Accommodation
Retail - 50.45 sq m (543 sq ft)
Residential:
Flat 42a - 84.61 sq m (809 sq ft)
Flat 42b - 36.55 sq m (393.42 sq ft)
Garage & Outbuildings - 53.87 sq m (580 sq ft)
Total Gross Internal Area - 225.48 sq m (2,326 sq ft)
Terms
Tenancy Summary:
Retail Shop: Originally let on a 6 year lease to the current lessee on 14th May 2008 at a passing rent of £XXXpa
Flat 42a let on an Assured Shorthold Tenancy producing a rental income of £XXXpcm (£XXXpa)
Flat 42b currently vacant Full ERV £XXXpa Asking Price £XXX
Full ERV - £XXX pa
Asking Price - £XXX
Business Rates & Council Tax:
Retail – Rateable Value £XXX
Residential 42a - Band B.
Residential 42b - Band A
Each party to pay their own costs associated with the transaction.
Services - Mains water, gas & electricity are connected to the property
Specification
- Mixed Use Investment
- Freehold
- Central Location
- Full ERV £XXX
- GIA 225.48 m2 (2,326 Sq. Ft)