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13/14 Meer Street
Location : Stratford upon Avon
Date Available: Now
Overview
Freehold commercial investment for sale comprising a ground floor cafe/deli and first floor hairdressers
Type: Investment
Price: Offers in the region of £595,000
Overview
SITUATION: The premises are situated in Meer Street, in the centre of Stratford upon Avon adjoining The Minories Shopping Arcade.
DESCRIPTION: The premises is a Grade II listed two storey building with a pitched roof and modern extensions to the rear. There is rear servicing and parking for two cars.
GROUND FLOOR:
Café area (for approx 40 covers) 1,006 sq ft (93.4 sq m)
Fully fitted kitchen 135 sq ft (12.5 sq m)
Office/stores 73 sq ft (6.8 sq m) Separate wc’s
FIRST FLOOR:
Main area: 690 sq ft (64.1 sp m)
Ancillary: 283 sq ft (26.3 sq m)
Please note :Every effort has been made to ensure that the above floor areas are accurate. They are in accordance with the Code of Measuring Practice. Fittings restricted measurement at the time of inspection. Interested parties should verify these for themselves.
GROUND FLOOR LEASE:
The ground floor is let to The Kenilworth Snug Limited for 7 years from 17th January 2022 at a rent of £30,000 per annum, subject to a rent review on 17th January 2026. There is a rent deposit of £7,500. The tenant contributes 50% to the service charge and this is capped at £2,500, with annual RPI increases. There is a schedule of condition attached to the lease.
FIRST FLOOR LEASE:
The first floor is let to Jane Clayton as a hairdressing salon for 5 years from October 2018 at a rent of £12,000 per annum. The tenant contributes 50% to the service charge. The lease is contracted outside the security provisions of the Landlord and Tenant Act 1954 Part II. Discussions are taking place for the tenant to renew for a further five years.
SALE PRICE: Offers in the region of £595,000 for the freehold, subject to both leases.
FLOOR PLANS: Available on request.
CAR PARKING: There are two spaces allocated to the ground floor tenant on a license.
SALE PRICE: Offers in the region of £595,000 for the freehold, subject to both leases
FLOOR PLANS: Available on request
CAR PARKING: There are 2 spaces allocated to the ground floor tenant on a license.
RATEABLE VALUE:
Current: Ground Floor £26,500. First Floor £15,000
From 1st April 2023: Ground Floor £23,750 First Floor £13,500
LEGAL COSTS: Each party will be responsible for their own legal costs incurred in the transaction.
VAT: We understand that VAT is not payable on the sale price.
EPCs: Available on request.
VIEWING: By prior appointment with the sole agents.