Tim Cox - Property To Let
15 Warwick Road, Stratford Upon Avon
Location : Stratford Upon Avon
Date Available: 23 November 2022
Overview
An excellent office building with 10 parking spaces, located on the main Warwick Road in the centre of Stratford upon Avon. The property offers potential residential development, subject to the necessary consents.
Type: Commercial to Let
Size: 376 sqm / 4048 sqft
Price: £75,000 per annum
Full Description
DESCRIPTION
The property comprises a three-storey Grade II listed building fronting the Warwick Road with a modern brick extension at the rear. The offices are fitted out to a high standard with modern lighting, gas fired central heating and certain rooms with air conditioning. The offices are currently laid out as a number of individual rooms but it would be possible to create more open plan offices in the modern extension.
CURRENT LEASE
The current tenants are relocating to larger offices in the town. The current rent is £107,590 per annum and the lease expires on 30th June 2023. The tenants may be prepared to surrender their lease earlier.
Option 1. To sell the property with vacant possession or subject to the existing tenancy seeking offers in the region of £1 million
Option 2. To take a full repairing lease at a quoting rent of £75,000 per annum
Ground Floor Offices: 1,328 sq ft (123.4 sq m)
First Floor Offices: 1,505 sq ft (139.8 sq m)
Second Floor Offices: 981 sq ft (91.1 sq m)
Basement Stores 234 sq ft (21.7 sq m)
Total net useable area (excluding corridors, stairs and wc's) 4,048 SQ FT (376 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.
FLOOR PLANS
Available on request
RATEABLE VALUE £44,750 (from 1st April 2023)
Please Note: We believe that for certain tenants 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 b being payable are accurate and the purchaser/tenant must rely upon their own enquiries with the Local Authority on or
We understand that mains gas, electricity, water, and sewerage is available. 3 Phase electricity and 2 charging points.
LEGAL FEES
The purchaser/tenant will be responsible for the vendors/landlord's reasonable legal costs incurred in this transaction.
VAT
We understand that VAT will not be payable.
EPC
Available on request
VIEWING
Strictly by appointment with the Agents.