Shipston is an expanding Cotswold market town situated in south Warwickshire. It sits near to both Gloucestershire and Oxfordshire borders.
The town centre is the focus of a flourishing and growing community. Shipston also has schools (primary & secondary), a medical centre, hospital, library and several sports clubs.
Stratford upon Avon (11 miles), Banbury (14 miles) M40 J11, Warwick (17 miles) M40 J15, Leamington Spa (18 miles).
Moreton in Marsh (7 miles) to London Paddington 1hr 30m.
The property is for sale subject to a five year lease from 25th November 2019 at an initial rent of £18,720pa on full repairing and insuring terms. The lease is within S24-28 of the LTA 1954.
A three storey mixed use property comprising an A5 use Chinese takeaway premises and a separately accessed four bedroom flat. The property sits on a plot of approximately 0.14 acres with vehicular access onto New Street at the rear.
The property sits in a small parade of shops on the A3400, the main arterial route running through the town centre. As such, it benefits from excellent visibility to its large retail display. On street parking is available directly in front of the premises.
Within the plot is a two bay open sided brick garage and store for which there is a lapsed planning permission for conversion to a four bedroom detached dwelling.
Ground floor - Commercial
Retail Sales 37.44m2 403 Sq Ft
Commercial Kitchen 29.75 320 Sq Ft
Store areas 48.33m2 520 Sq Ft
Commercial NIA 123.19m2 1,326 Sq Ft
First floor - Residential
Reception room 1 20.96m2 226 Sq Ft
Reception room 2 10.09m2 195 Sq Ft
Bedroom 1 12.36m2 133 Sq Ft
Bathroom 8.58m2 92 Sq Ft
Bedroom 2 16.12m2 174 Sq Ft
Bedroom 3 10.58m2 114 Sq Ft
Bedroom 4 9.54m2 103 Sq Ft
Residential GIA total 96.23m2 1,023 Sq Ft
Total GIA 219.42m2 2,362 Sq Ft
Mains water, drainage, gas and electricity are understood to be connected.
Offers based on £350,000 for the freehold
Rateable Value £6,800
2018/19 multipliers 49.3p / 48.0p
Council Tax Band D
Each party will be responsible for their own legal & other costs incurred in this transaction.
Vehicular access and parking via New Street to the rear.
To discuss the property or to arrange a viewing please contact Sheldon Bosley Knight as sole letting agent.
Refurbishment Opportunities, Commercial
Sold STC - Mixed Use Residential and Retail Freehold Investment