High Street Retail unit let until 2029 (subject to option)
Located in Popular Warwickshire village, 7 miles from Stratford-upon-Avon
Commercial tenant in occupation since 2003
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 89
Auction 13th October 2016
Rent £9,751 per Annum Exclusive
Status Sold
Price £80,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
7 miles south west of Stratford-Upon-Avon, 18 miles east of Worcester, 25 miles south of Birmingham
Roads
B4085, B439, A46
Air
Birmingham International Airport
Situation
Bidford-On-Avon is a popular riverside village in east Warwickshire some 7 miles south west of Stratford-upon-Avon. The property is located on the High Street which also houses a number of independent retailers including a bakery, butchers and pharmacy.
Tenure
Freehold.
Location
Miles
7 miles south west of Stratford-Upon-Avon, 18 miles east of Worcester, 25 miles south of Birmingham
Roads
B4085, B439, A46
Air
Birmingham International Airport
Situation
Bidford-On-Avon is a popular riverside village in east Warwickshire some 7 miles south west of Stratford-upon-Avon. The property is located on the High Street which also houses a number of independent retailers including a bakery, butchers and pharmacy.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit and a self contained residential flat at first floor which has been let on a long leasehold.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit and a self contained residential flat at first floor which has been let on a long leasehold.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
37
Ground
Retail
45 sq m
(484 sq ft)
INDIVIDUAL t/a Bidford News
15 years from 31/03/2014 until 30/03/2029 (1)
£9,750 (2)
31/03/2019 and 31/03/2024
37a
First
Residential
Not Measured
INDIVIDUAL
999 years from 30/07/2004
£1
(29/07/3003)
Total Commercial Area
45 sq m
(484 sq ft)
£9,751
1) The lease provides an option to determine on 31/03/2020 and 31/03/2026 (2) The tenant is currently paying a temporary rent of £6,400 pa on a rolling basis terminable by the landlord at any time.