ADDRESS37 High Street, Bidford-on-Avon, Alcester B50 4BQ
TYPEResidential, Retail, Retail - High Street, Mixed Use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020
Investment Consideration: Ground floor retail unit and a self contained residential maisonette on first floor and rear ground floor which has been let on a long lease. Located near Popular Warwickshire Village, 7 miles from Stratford-upon-Avon. VAT is NOT applicable to this property . The property is located on the high street which also houses a number of independent retailers.
Property Description: The property comprises a ground floor retail unit and a self-contained residential flat at the first floor which has been let on a long lease.
The property provides the following accommodation and dimensions: Ground Floor Shop: 45.00 sq m (484 sq ft)
Tenancy: The shop is at present let to an Individual t/a Bidford News for a term of 15 years from 31st March 2014 at a current rent of £9,750 per annum and the lease contains full repairing and insuring covenants. The lease provides the tenant the option to determine on the 31st March 2020 and 31st March 2026. The first floor residential flat is sold off on long leasehold to an individual for a term of 999 years from 30th July 2004 at a current ground rent of £1 per annum.
Location: Bidford-on-Avon is a popular riverside village in east Warwickshire some 7 miles south west of Stratford-upon-Avon, 18 miles east of Worcester and 25 miles south of Birmingham. The property is located on the High Street which also houses a number of Independent retailers including a bakery, butchers and pharmacy.