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SITUATION Wellesbourne is conveniently situated approximately 6 miles from Stratford upon Avon. Other retailers include Co-op and Sainsburys. Access to the M40 motorway and the Midlands Motorway network is from Junction 15 at Longbridge, approximately 4 miles away together with Warwick Parkway railway station with regular trains to London.
DESCRIPTION The property comprises a ground floor shop with an excellent fontage to the main road and a good stores to the rear approached by the side accessway.
Frontage 36`0" (11.0m)
Sales Area1,011 sq.ft(94 sq.m)
Rear Stores406 sq.ft(37.7 sq.m)
Separate WC- -
Option 1 - Freehold Sale
This would include the whole two storey property with vacant possession of the ground floor retail space and subject to the existing tenancy of the first floor residential tenant. Tim Cox Associates have not seen a copy of this lease but we are informed that there is in excess of 100 years unexpired at a peppercorn. The freeholder is responsible for the repair and maintenance of the structure but is able to re-charge the residential tenant 40% of these costs.
Offers are invited in the region of £275,000.
Option 2 - To Rent the Ground Floor Shop and Store
Available to rent for a term of years to be agreed on the basis that the freeholder is responsible for the repair and maintenance of the structure and is to re-charge the ground floor tenant 60% of these costs. The tenant will be responsible for the repair and maintenance of the interior.
Rental offers are invited in the region of £17,500 per annum.
Rateable Value£16,750 (shop only)
VAT The landlord may elect to charge VAT.
LEGAL COSTS The ingoing tenant is to be responsible for the Landlords legal costs.
VIEWING By prior appointment with the Agents.