17/18 High Street Stratford-upon-Avon Warwickshire CU37 6AU

17/18 High Street
Stratford-upon-Avon
Warwickshire
CU37 6AU

Freehold Retail and Restaurant Investment

  • Retail let to Blacks Outdoor Retail Limited – a part of JD Sports Fashion plc
  • Substantial self-contained upper parts with residential conversion potential (subject to lease and consents) (2)
  • Grade II Listed
  • Historic and affluent tourist market town
  • Nearby occupiers include H&M, Superdrug, Waterstones, Jack Wills, Laura Ashley, The White Company and Marks & Spencer
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    19
  • Auction
    10th December 2015
  • Rent
    £126,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Restaurant Investment

  • Retail let to Blacks Outdoor Retail Limited – a part of JD Sports Fashion plc
  • Substantial self-contained upper parts with residential conversion potential (subject to lease and consents) (2)
  • Grade II Listed
  • Historic and affluent tourist market town
  • Nearby occupiers include H&M, Superdrug, Waterstones, Jack Wills, Laura Ashley, The White Company and Marks & Spencer
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 19
  • Auction 10th December 2015
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
9 miles south-west of Warwick, 12 miles south-west of Royal Leamington Spa, 24 miles south of Birmingham
Roads
A46, A429, M40 (Junction 15)
Rail
Stratford-upon-Avon Railway Station
Air
Birmingham International Airport
Situation

Stratford-upon-Avon is a historic and affluent market town popular with tourists due to its status as the birthplace of English playwright and poet William Shakespeare, as well as the home of the Royal Shakespeare Company at the Royal Shakespeare Theatre. The property is prominently situated in the heart of the town centre on the east side of the High Street opposite the Town Square Shopping Centre, anchored by Debenhams and close to Bridge Street, Wood Street, Henley Street and Sheep Street. Other nearby occupiers H&M, Superdrug, Waterstones, Jack Wills, Laura Ashley, The White Company and Marks & Spencer.

Tenure

Freehold.

Location
Miles
9 miles south-west of Warwick, 12 miles south-west of Royal Leamington Spa, 24 miles south of Birmingham
Roads
A46, A429, M40 (Junction 15)
Rail
Stratford-upon-Avon Railway Station
Air
Birmingham International Airport
Situation

Stratford-upon-Avon is a historic and affluent market town popular with tourists due to its status as the birthplace of English playwright and poet William Shakespeare, as well as the home of the Royal Shakespeare Company at the Royal Shakespeare Theatre. The property is prominently situated in the heart of the town centre on the east side of the High Street opposite the Town Square Shopping Centre, anchored by Debenhams and close to Bridge Street, Wood Street, Henley Street and Sheep Street. Other nearby occupiers H&M, Superdrug, Waterstones, Jack Wills, Laura Ashley, The White Company and Marks & Spencer.

Tenure

Freehold.

Description

The property, a four storey period building comprises ground floor retail accommodation with self-contained upper parts accessed from High Street comprising; a restaurant on the first floor, ancillary accommodation on the second floor and residential accommodation (disused) on the third floor. The property also benefits from a garden to the rear.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to
accept the highest or any offer and are acting in respect of this sale without personal liability.


Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a four storey period building comprises ground floor retail accommodation with self-contained upper parts accessed from High Street comprising; a restaurant on the first floor, ancillary accommodation on the second floor and residential accommodation (disused) on the third floor. The property also benefits from a garden to the rear.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to
accept the highest or any offer and are acting in respect of this sale without personal liability.


Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground Retail/Ancillary
269.98 sq m
(2,906 sq ft)
BLACKS OUTDOOR
RETAIL LIMITED (1)
10 years from 20/04/2010 £100,000 (19/04/2020)
First
Second
Third
Restaurant
Ancillary
Residential (disused)
319.95 sq m
77.39 sq m
69.77 sq m
(3,444 sq ft)
(833 sq ft)
(751 sq ft)
INDIVIDUALS (t/a
Marlowe’s Restaurant) (2)
15 years from 29/09/2012 £26,000 (2) 29/09/2017 &
29/09/2022
(28/09/2027)
Totals  
737.09 sq m
(7,934 sq ft)
    £126,000 (2)  

(1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 80 Millets and 74 Blacks stores. JD Sports Fashion plc are expanding Blacks Outdoor Retail Limited through corporate and single shop acquisitions, most recently acquiring Oswold Bailey Limited. (Source: www.jdplc.com and www.millets.co.uk).
(2)The tenant has recently vacated the property but the Receivers have confirmed that the lease has not been disclaimed. There are arrears of rent and details are available in the legal pack.

Property Documents

  • Catalogue Page
    Updated Date
    17.11.15
    File Size
    971 KB
    View PDF
  • Site Plan
    Updated Date
    17.11.15
    File Size
    103 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DLA Piper LLP Princes Exchange, Princes Square
Leeds
LS1 4BY
Lizzy Wood 0113 369 2485elizabeth.wood@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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