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1 Shakespeare Street
Location : Stratford upon Avon
Date Available: 04/08/25
Overview
FOR SALE FREEHOLD. A substantial 3 storey building currently laid out as a restaurant/bar comprising ground floor entrance lobby, restaurant/bar, kitchen and wc's on the ground floor and restaurant/bar, kitchen/stores and wc on the first floor. Offered for sale with vacant possession. There are approximately 84 covers on the ground floor and a further 64 covers on the first floor. Option 1: For sale freehbold seeking offers in the region of £800,000. Option 2: To let at a rental of £57,500 per annum.
Type: Investment
Price: Offers in the region of £800,000
Overview
SITUATION:
The property occupies a prominent location fronting the Birmingham Road close to Stratford upon Avon town centre.
DESCRIPTION
An attractive two-storey building with arched windows and two imposing arched doorways. Steps lead up to the front entrance, with a paved seating area to either side. The property is currently laid out as a restaurant/bar. There are approximately 84 covers on the ground floor with a further 64 on the first floor.
Ground Floor:
Entrance Lobby 135 sq ft (12.6 sq m)
Restaurant/Bar 1,232 sq ft (114.5 sq m)
Kitchen 222 sq ft (20.6 sq m)
Male WCs 166 sq ft (2.15 sq m)
Female WCs 124 sq ft (2.15 sq m)
Disabled WC 23 sq ft (2.15 sq m)
TOTAL: 1,902 sq ft (176.7 sq m)
First Floor:
Restaurant/Bar 1,278 sq ft (118.73 sq m)
Kitchen/Stores 290 sq ft (26.9 sq m)
Separate WC
TOTAL 1,568 sq ft (145.63 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.
SALE/LETTING
OPTION 1.
For sale freehold with vacant possession seeking offers in the region of £800,000
OPTION 2.
To let at a rent of £57,500 per annum.
PREMIUM
If the property is let, a tenant will be asked to pay a premium towards the fixtures and fittings. An inventory will be prepared by the Agents.
FLOOR PLANS
Floor plans are available from the Agents.
RATEABLE VALUE
£48,000 from 1st January 2024
Please Note : We believe that for certain tenants that there may be no liability to pay rates, however this office gives no warranty that the rating values supplied and the sums of money expressed as being payable are accurate and the purchaser/tenant must rely upon their own enquiries with the Local Authority on 01789 267575 or https://www.gov.uk/correct-your-business-rates
SERVICES
All mains services are connected. There is air conditioning to the ground and first floor bar and restaurant areas.
Each party to be responsible for their own legal costs incurred in this transaction.
VAT
We understand that VAT will be payable on a sale or on a lease.
EPC
An EPC is available from the Agents.
VIEWING
Strictly by appointment with Tim Cox Associates. Telephone: 01789 269444