21 Wood Street
Stratford Upon Avon
Warwickshire
CV37 6JU

Attractive Bank Investment on a New 5 year lease to be granted (1)

  • Entirely occupied by Santander UK PLC
  • New 5 year lease (NO Breaks) (1)
  • VAT-free Investment
  • Future alternative use potential of the upper floors
  • Lot
    26
  • Auction
    16/Jun/2021
  • Rent
    £41,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £250,000+
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
  • 21 Wood Street<br>Stratford Upon Avon<br>Warwickshire<br>CV37 6JU
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  • Photos
  • Map

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

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 Wood Street close to its junction with High Street/Bridge Street.

Tenure

Leasehold. Held for 100 years from 29/09/1973 expiring 29/09/2073 at a current rent of £14,500 p.a. Review in 2033.

Description

The property comprises a ground floor bank with ancillary accommodation on the first floor.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.stratford.gov.uk

Viewings

There will be no internal viewings of the property due to Covid-19.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermGross Rent
p.a.x.
Reversion
Ground
First
Banking
Ancillary
145.89 sq m
(1,570 sq ft)
SANTANDER UK
PLC (2)
5 years beginning
on 25/12/2020 (1)
£41,000(24/12/2025)
Total
145.89 sq m
(1,570 sq ft)
  £41,000 

(1) Santander UK PLC are currently subject to an Agreement for Lease for a lease of the whole property for 5 years commencing on 25/12/2020. Completion of the lease is conditional on obtaining the freeholders consent to sublet. The terms of the Agreement for Lease cannot be disclosed for confidentiality reasons. However, the form of lease that is to be entered into will be provided as part of the auction pack.
(2) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    11.06.21
    File Size
    11 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    725 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    821 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
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square
Manchester
M2 3DE
Josh Bragg 01619346557Josh.Bragg@addleshawgoddard.com

Useful Links

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