SITUATION The properties are situated in the High Street in Henley in Arden and are within easy reach of Stratford upon Avon, The M42 Junction 3A/M40 Junction 16 are only 5 miles away giving easy access to Birmingham City Centre, International Airport and the National Exhibition Centre.
DESCRIPTION The premises comprise a Grade II Listed three storey mid terrace building with two shops on the ground floor and three flats above. Mainly traditional construction with solid brick walls to the front and rear under various timber framed pitched roofs, covered with traditional slates.
133 High Street (shop) Overall Ground Floor Area 617 sq.ft (57.3 sq.m)
133A High Street (shop) Overall Ground Floor Area 519 sq.ft (48.2 sq.m)
There is rear servicing.
There is a separate entrance to three two bedroom flats.
133 High Street:
This shop is currently let to Andrew Tissington Opticians from 24 June 2011 for 10 years at a rent of £11,000 per annum. The tenant is responsible for the interior and the Landlords repair and maintain the structure.
133A High Street:
This shop is let to Myton Hospice from 26th October 2018, expiring on 7th June 2028. The current rent is £12,250 Per annum with a rent review due on 8th June 2023. The tenant is responsible for the interior and the Landlords repair and maintain the structure.
Two of the flats are currently vacant and being marketed quoting a rent of £700.00 per calendar month. The third flat is currently let on an assured shorthold basis at a rent of £700.00 per calendar month. This would produce a gross income of £1,915 per calendar month which totals £22,980 per annum.
SCHEDULE OF INCOME
133 High Street £11,000 per annum
133A High Street £12,250 per annum
One flat £650.00 per calendar month £7,800 per annum
Two vacant flats Potential income £700.00 for each flat £16,800 per annum
Gross Income (once flats are let) subject to various tenancies £47,850 per annum
Offers in the region of £595,000 for the whole building.
We understand that VAT is not payable on the sale price.
Available on request.
The purchaser will be responsible for the vendors reasonable legal costs in this transaction.
By appointment with the sole Agents.