Tim Cox Property To Let
29 High Street, Stratford Upon Avon
Location : Stratford Upon Avon
Date Available: 22/07/2025
Overview
The premises occupies a prominent location on the High Street which is a popular and busy location in the town centre. The Grade II listed property comprises a ground floor retail unit with ancillary and storage accommodation on part of the first floor to the rear. The front part of the first floor and second floor is configured as residential accommodation that has been sold off on a long leasshold basis. There is a service yard to the rear off Rother Street.
Type: Freehold commercial investment for sale
Size: 393.4 sqm / 4,234sqft
Price: Offers in excess of £825,000
Full Description
SITUATION
The property occupies a prominent position on the southern end of the main retailing pitch, High Street, in proximity to the entrance of Bell Court Shopping Centre.
Stratford upon Avon benefits from excellent transport connections via the A46 which provides access to the M40 connecting the town to Birmingham to the north and London and Oxford to the south. The town also benefits from two railway stations.
DESCRIPTION
An attractive three storey building with retail accommodation on the ground and part first floor and a service yard to the rear. Part of the first floor and the second floor has been sold off on a long leasehold.
Total floor area: 4,234 sq ft (393.4 sq m)
The property is let to Robert Dyas Holdings Limited until March 2035 on a passing rent of £74,000 per annum. Robert Dyas have been in occupation for over 20 years.
Unexpired term of 9.75 to expiry (4.75 years to break)
COVENANT ASSESSMENT
Robert Dyas is a well established UK based retail company that operates in the home and garden sector. It was founded in 1872 by Rober Dyas and acquired by Theo Paphitis in 2012. It operates over 93 stores, primarily in the south of England.
Robert Dyas (Holdings) Ltd (Company Number 04041884) offer a secure credit rating of 59/100 ‘low risk’. A summary of the last three years of accounts is set out below.
30/03/2024 01/04/2023 26/03/2022
Sales Turnover £164,502,000 £174,361,000 £164,552,000
Pre-Tax Profit -£2,304,000 -£926,000 £853,000
Net Worth £965,000 £3,885,000 £5,779,000
TENURE
Freehold.
PRICE:
Offers in excess of £825,000. Net Initial Yield 8.50%. Subject to contract and exclusive of VAT. Yields are net of purchaser’s costs of 5.53%
EPC Band D
VAT
The property has been elected for VAT purposes and it is expected that the investment sale will be treated as a Transfer of a Going Concern (TOGC)
VIEWING
Strictly by appointment with Tim Cox Associates.