2/2a Bridge Street Stratford-upon-Avon West Midlands CV37 6AB

  • 2/2a Bridge Street<br>Stratford-upon-Avon<br>West Midlands<br>CV37 6AB

2/2a Bridge Street
Stratford-upon-Avon
West Midlands
CV37 6AB

Freehold Retail Investment in Historic Town

  • Recently let on new 10-year lease from April 2024 (No breaks)
  • Historic and affluent market town
  • Nearby retailers include Jo Malone, White Stuff, The White Company, Caffè Nero, Marks & Spencer, Holland & Barrett, McDonald's, Boots the Chemist, Superdrug and WHSmith
  • VAT-free investment
  • Lot
    5
  • Auction
    25th September 2024
  • Rent
    £55,000 per Annum Exclusive
    (3)
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Video of PropertyImportant Update
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Freehold Retail Investment in Historic Town

  • Recently let on new 10-year lease from April 2024 (No breaks)
  • Historic and affluent market town
  • Nearby retailers include Jo Malone, White Stuff, The White Company, Caffè Nero, Marks & Spencer, Holland & Barrett, McDonald's, Boots the Chemist, Superdrug and WHSmith
  • VAT-free investment
  • Lot 5
  • Auction 25th September 2024
  • Rent £55,000 per Annum Exclusive (3)
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
9 miles south-west of Warwick, 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 an 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 home of the Royal Shakespeare Company at the Royal Shakespeare Theatre, located very close by. The property is prominently situated in the heart of the town centre, on the south side of Bridge Street. Nearby retailers include Jo Malone, White Stuff, The White Company, Caffè Nero, Marks & Spencer, Holland & Barrett, McDonald's, Boots the Chemist, Superdrug and WHSmith.

Tenure

Freehold.

Location
Miles
9 miles south-west of Warwick, 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 an 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 home of the Royal Shakespeare Company at the Royal Shakespeare Theatre, located very close by. The property is prominently situated in the heart of the town centre, on the south side of Bridge Street. Nearby retailers include Jo Malone, White Stuff, The White Company, Caffè Nero, Marks & Spencer, Holland & Barrett, McDonald's, Boots the Chemist, Superdrug and WHSmith.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Description

The property comprises a shop arranged on the ground and first floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
(Approx sq ft) (1)
Tenant Term Rent p.a.x. Rent Review
Ground
First
Retail/Ancillary
Ancillary
73.85
55.18
(795)
(594)
T4 STRATFORD UPON AVON LTD
(t/a T4 Tea For U) (2)
10 years from 03/04/2024 on full repairing and insuring lease
£55,000 (3)
03/04/2029 and 03/04/2034
Total  
129.03
(1,389)
   
£55,000
 

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Tea For U is an authentically crafted Taiwanese and Bubble Tea shop, established in 2004. They are the biggest and most established premises-based Bubble Tea brand in the UK, and have stores in over 60 locations in the UK, including London, Bristol, Birmingham, Manchester, Bournemouth and Cambridge (www.t4.co.uk)
(3) Under the terms of the lease, the current passing rent is £40,000 p.a.x subject to a fixed rental increase on 03/06/2025 to £50,000 p.a.x., and on 03/06/2026 to £55,000 p.a.x. and then an open market upward only rent review on 03/04/2029. The Seller will pay to the Buyer the difference between the current rent reserved from completion of the sale until 03/06/2026, therefore the property will effectively produce £55,000 p.a.x. from completion of the sale - please see Special Conditions of Sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    04.09.24
    File Size
    88 MB
    Login to View
  • Brochure
    Updated Date
    30.09.24
    File Size
    5 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Associate AuctioneersTim Cox 01789 269444tim.cox@timcox.co.uk
Seller's Solicitors
Hamlins LLP 1 Kingsway
London
WC2B 6AN
John Leasure +44 (0) 20 7355 6073john.leasure@hamlins.com  Maya Kuchhadiya +44 (0) 20 7355 6073maya.kuchhadiya@hamlins.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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