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Masons Road
Location : Stratford upon Avon
Date Available: Now







Overview
Two warehouse units for sale leasehold. Building 1 comprises warehouse, offices and modern warehouse with a total GIA floor area of 23,597 sq ft and Building 2 comprises a small workshop/warehouse (in poor condition) with a total GIA floor area of 4,380 sq ft. Sale price £1,150,000 for the leasehold interest with vacant possession.

Type: Warehouse Building


Price: Guide price: £1,150,000
Overview
SITUATION
The properties are situated on the northern side of Masons Road, an established industrial location approximately a mile from Stratford town centre linking Alcester Road (A442) with Timothys Bridge Road, with the A46 located within a mile north of the property which in turn links to the M40.
DESCIPTION
The properties comprise an extensive industrial premises built around the 1960s/70s and back onto the canal, together with a smaller workshop/warehouse facing Masons Road.
BUILDING 1
A large detached two bay industrial unit with two storey offices set back behind a tarmac forecourt occupying a site of appox 1.01 acres. This two bay industrial unit has a single span below a pitched steel portal frame and pitched corrugatet sheet roof. Eaves height 2.7m approx (8.85 ft). There is a roller shutter door fronting the main road with a height of 3.3m approx (10.82ft) and width 4.9m approx (16.07ft)
Attached to Building 1 is a modern high bay single storey unit of portal frame construction with a pitched profile steel clad roof. There is a roller shutter door with a width of 3.64m approx (11.94 ft) and a height of 3.5m approx (11.48 ft). Eaves height 6m approx (19.68 ft). There is a canopy connected to the roller shutter door 102 sq m approx (1,100 sq ft). Attached and to the rear of the high bay warehouse are 5 lock up garages with offices above (in poor condition) 97.54 sq m approx (1,050 sq ft)
Warehouse 15,525 sq ft (1,442.24 sq m)
Offices: 4,446 sq ft (413.02 sq m)
Modern Warehouse: 3,626 sq ft (336.10 sq m)
Total GIA floor area 23,597 sq ft (2,191.36 sq m)
BUILDING 2
Situated to the front and side of Building 1 is a small workshop/warehouse (in poor condition).
Warehouse: 4,380 sq ft (406.89 sq m)
Total GIA Floor Area: 4,380 sq ft (406.89 sq m)
OUTSIDE
To the side and rear of Building 1 and 2 is a gated yard leading to a large car park at the rear.
TENURE
Building 1: A 99 year ground lease from 21 June 1965 - 2064. The current rent payable is £800 pax
Building 2: A 99 year ground lease from 19 October 1964 - 2063. The current ground rent payable is £440 pax
Stratford District Council own the freehold and have indicated that they would consider granting a new lease for say 125 years on a geared ground rent. Further details from the Agents.
PRICE:
Offers in the region of £1,150,000 for the leasehold interest with vacant possession of both buildings. Consideration will be given to a sale of both properties individually.
RATEABLE VALUE
Building 1 and 2 are not currently assessed as they are included in an overall assessment with the building next door.
EPC
Available from the Agents.
FLOOR PLAN
Available from the Agents.
SERVICES
We understand that all mains services are connected.
LEGAL COSTS
Each party will be responsible for their own legal costs in the transaction.
VAT
VAT will be payable where applicable.
VIEWING
Strictly by appointment with Tim Cox Associates. Telephone: 01789 269444
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