Retail Investment In Prime Position, The Minories Henley Street, Stratford upon Avon, CV37 6NF

Description

The properties offered comprise a mixture of period half-timbered buildings through to modern contemporary purpose built retail units. The El Greco restaurant, located at 27 Rother Street, occupies a prominent busy location close to the junction of Rother Street, Wood Street and Meer Street.

The development provides a total floor area of approximately 11,500 sq.ft., principally over two floors. The Minories comprises a complex of nine retail units with accommodation both on ground and first floors, set around a pedestrianised courtyard linking with Henley Street at the northern end and Rother Street/Meer Street to the southern end.

Proposal
The subject property is being brought to the market on the basis that it will be sold freehold, subject to the existing leases. The site does afford medium to long term development potential which may incorporate a change of use.

Location

27 Rother Street, The Minories and 41-42 Henley Street are situated in the heart of Stratford Upon Avon, the development providing a pedestrian link between Rother Street and Henley Street and is identified on the attached location map. The Edinburgh Woollen Mill, tenant of 41-42 Henley Street, sits directly opposite Shakespeare's Birthplace in a pedestrianised zone off the town centre, a location famous for an impressive array of period buildings providing a mixture of retail, restaurants and world renowned tourist venues.

Tenure

The portfolio will be sold freehold, subject to the existing leases, some of which are in the legal process and soon to complete.

Leases are drawn on a mixture of internal repairing and full repairing terms with schedules of condition. A number of The Minories leases are contracted out of sections 24-28 inclusive of the Landlord and Tenant Act 1954.

Planning

A1 and A5, now classified as E in the Use Classes Order.

Rent

Offers are invited in the region of £XXX for the freehold, subject to contract and occupational leases, and exclusive of VAT which is not applicable.

Rates

27 Rother Street £XXX
41-42 Henley Street £XXX
1 The Minories £XXX
2 The Minories £XXX
3 The Minories £XXX
3a The Minories £XXX
4 The Minories £XXX
5 The Minories £XXX
6 The Minories £XXX
7 The Minories £XXX
8 The Minories £XXX

Service Charge

A comprehensive service charge is in place to manage the common areas of The Minories.

Legal Costs

Each party will meet their own legal costs.

EPC

C 54

Retail and Restaurant Investment To Generate £XXX Per Annum (Exclusive)

Price: Offers in Excess of £XXX

Anticipated Yield Once Fully Occupied 8.7%

Great Central Stratford Upon Avon Location

Potential For Medium Term Redevelopment

Close To Important Tourist Venues and Prime Retail






( Agency Pilot Software ref: 532 )