Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
9 miles south-west of Warwick, 12 miles south-west of Royal Leamington Spa, 24 miles south of Birmingham
Roads
A46, A429, M40 (Junction 15)
Rail
Stratford-upon-Avon Railway Station
Air
Birmingham International Airport
Situation
Stratford-upon-Avon is a historic and affluent market town popular with tourists due to its status as the birthplace of English playwright and poet William Shakespeare, as well as the home of the Royal Shakespeare Company at the Royal Shakespeare Theatre. The property is prominently situated in the heart of the town centre on the east side of the High Street opposite the Town Square Shopping Centre, anchored by Debenhams and close to Bridge Street, Wood Street, Henley Street and Sheep Street. Other nearby occupiers H&M, Superdrug, Waterstones, Jack Wills, Laura Ashley, The White Company and Marks & Spencer.
Tenure
Freehold.
Location
Miles
9 miles south-west of Warwick, 12 miles south-west of Royal Leamington Spa, 24 miles south of Birmingham
Roads
A46, A429, M40 (Junction 15)
Rail
Stratford-upon-Avon Railway Station
Air
Birmingham International Airport
Situation
Stratford-upon-Avon is a historic and affluent market town popular with tourists due to its status as the birthplace of English playwright and poet William Shakespeare, as well as the home of the Royal Shakespeare Company at the Royal Shakespeare Theatre. The property is prominently situated in the heart of the town centre on the east side of the High Street opposite the Town Square Shopping Centre, anchored by Debenhams and close to Bridge Street, Wood Street, Henley Street and Sheep Street. Other nearby occupiers H&M, Superdrug, Waterstones, Jack Wills, Laura Ashley, The White Company and Marks & Spencer.
Tenure
Freehold.
Description
The property, a four storey period building comprises ground floor retail accommodation with self-contained upper parts accessed from High Street comprising; a restaurant on the first floor, ancillary accommodation on the second floor and residential accommodation (disused) on the third floor. The property also benefits from a garden to the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to
accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a four storey period building comprises ground floor retail accommodation with self-contained upper parts accessed from High Street comprising; a restaurant on the first floor, ancillary accommodation on the second floor and residential accommodation (disused) on the third floor. The property also benefits from a garden to the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to
accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Retail/Ancillary
269.98 sq m
(2,906 sq ft)
BLACKS OUTDOOR RETAIL LIMITED (1)
10 years from 20/04/2010
£100,000
(19/04/2020)
First Second Third
Restaurant Ancillary Residential (disused)
319.95 sq m 77.39 sq m 69.77 sq m
(3,444 sq ft) (833 sq ft) (751 sq ft)
INDIVIDUALS (t/a Marlowe’s Restaurant) (2)
15 years from 29/09/2012
£26,000 (2)
29/09/2017 & 29/09/2022 (28/09/2027)
Totals
737.09 sq m
(7,934 sq ft)
£126,000 (2)
(1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 80 Millets and 74 Blacks stores. JD Sports Fashion plc are expanding Blacks Outdoor Retail Limited through corporate and single shop acquisitions, most recently acquiring Oswold Bailey Limited. (Source: www.jdplc.com and www.millets.co.uk). (2)The tenant has recently vacated the property but the Receivers have confirmed that the lease has not been disclaimed. There are arrears of rent and details are available in the legal pack.
Contacts
Seller's Solicitors
DLA Piper LLP Princes Exchange, Princes Square Leeds LS1 4BY
