TYPEMixed Use, Other, Other Property Types & Opportunities
POSTED ON21st March 2021
The property comprises a former bank premises with ancillary accommodation which has been reconfigured and refurbished to provide two retail units and two apartments which benefit from forecourt car parking. The property fronts Alcester Road, is situated close to the junction with Station Road and lies within the centre of Studley. Studley is an attractive Warwickshire village where numerous local and national operators are represented, including Dominos, Tesco Express and Age UK. Studley is a popular village that lies 3 miles south of Redditch and 9 miles north of Stratford-upon-Avon. The premises are held on the basis of a 25 year FRI head lease commencing 13 July 2019 with 5 yearly rent reviews at an annual rental of £23,000 pa.