Residential Development Opportunity, Stratford-Upon-Avon

Property Description

STRATFORD UPON AVON

is a thriving market town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many of the industrial and commercial centres of the Midlands and the Cotswolds are close at hand. Junction 15 of the M40 motorway lies within 6 miles at Longbridge, Warwick, enabling good communications of the Midlands conurbation, via the M42, M5 and M6 as well as affording a straightforward route to London and the South.

UNION STREET

links Guild Street and Bridge Street, which is the prime shopping area of Stratford upon Avon.

DESCRIPTION

Union House is an imposing three-storey town centre building. The upper parts only are for sale.

The vacant offices on the first and second floors have planning consent for conversion to eight apartments totalling 4790 sq.ft. (445 sq.m.).

The offices have a separate ground floor entrance and stairway from Guild Street, together with rear fire escape.

There is a lift, but this is not serviceable.

PLANNING

The first and second floor offices have a planning consent (Ref. 22/01715/COUMA) dated 26th July 2022 for the conversion of the existing first and second floor offices to provide eight residential apartments. The condition relating to noise insulation has been discharged as of 12th December 2023. The plans form part of these details. The accommodation to be provided is as follows:

First Floor
Unit 1 – One Bed 564 sq.ft. 52.39 sq.m.
Unit 2 – One Bed 574 sq.ft. 53.32 sq.m.
Unit 3 – One Bed 543 sq.ft. 50.44 sq.m.
Unit 4 – One Bed 540 sq.ft. 50.16 sq.m.

Second Floor
Unit 5 – One Bed 549 sq.ft. 51.00 sq.m.
Unit 6 – One Bed 556 sq.ft. 51.65 sq.m.
Unit 7 – Two Bed 775 sq.ft. 71.99 sq.m.
Unit 8 – Two Bed 689 sq.ft. 64.01 sq.m.

Total Gross Internal Floor Area (as proposed) 4790 sq.ft. 445.00 sq.m.

A copy of the planning consent and survey plans are available from the selling agent.

ACCOMMODATION

Ground Floor
Entrance and Lobby

First Floor - 2638 sq.ft. 245.07 sq.m. comprising:
Offices 2561 sq.ft. 237.92 sq.m.
WCs
Kitchen 77 sq.ft. 7.15 sq.m.

Second Floor - 3012 sq.ft. 279.82 sq.m. comprising:
Offices 2972 sq.ft. 276.10 sq.m.
Kitchen 40 sq.ft. 3.72 sq.m.
WCs

Total Net Internal Floor Area 5650 sq.ft. (524.89 sq.m.)

SERVICES

Mains water, drainage, gas and electricity are connected.

CAR PARK

The adjoining car park is held on an occupational lease for a term of five years (within the Landlord & Tenant Act) and includes eight spaces and bin store at a rental of £9,350 plus VAT per annum. This lease is to be assigned to the purchaser of Union House.

TENURE

The first and second floors, together with the ground floor entrance and fire escape are to be sold long leasehold on a new 999 year lease at a peppercorn ground rent.

PRICE

The property is to be sold with vacant possession.

VAT

All prices and rents are quoted exclusive of VAT, which may be payable in addition. The vendors have not presently elected to charge VAT. Please note that the car park rent is subject to VAT, which is payable in addition.

VIEWING

Strictly by appointment through the sole Selling Agents:
Peter Clarke & Co
Stratford upon Avon
01789 415444

These particulars have been prepared in good faith to give a fair overall view of the property; they do not constitute an offer and will not form part of any contract. We make no representation about the conditions of the property nor that any services or appliances are in good working order; this should be checked by your surveyor. Furthermore, you should not assume that any items or features referred to in these particulars or shown in the photographs are included in the sale price. Your solicitor should check this as part of the normal conveyancing process.