Masons Road, Stratford-Upon-Avon, Warwickshire, CV37

SITUATION
The properties are situated on the northern side of Masons Road, an established industrial location approximately a mile from Stratford town centre linking Alcester Road (A442) with Timothys Bridge Road, with the A46 located within a mile north of the property which in turn links to the M40.

DESCRIPTION
The property comprises an extensive industrial premises built around the 1960s /70s and backs onto the canal. Together with a smaller workshop/warehouse facing Mason's Road.

A large detached two bay industrial unit with two storey offices set back behind a tarmac forecourt occupying a site of approximately 1.01 acres. This two bay industrial unit has a single span below a pitched steel portal frame and pitched corrugated sheet roof. Eaves height 2.7 m approx. (8.85 ft) and there is a roller shutter fronting the main road (height 3.3 m approx (10.82 ft). Width 4.9 m approx. (16.07 ft)

BUILDING 1:
Attached to Building 1 is a modern high bay single storey unit of portal frame construction and a pitched profile sheet clad roof. There is a roller shutter with a width of 3.64 m approx. (11.94 ft) and an a height of 3.5 m approx (11.48 ft). Eaves height 6 m approx.(19.68 ft). There is a canopy connected to the roller shutter 102 sq m approx. (1,100 sq ft). Attached and to the rear of the high bay warehouse are 5 lock-up garages on the ground floor with offices above (poor condition) (97.54 sq m approx (1,050 sq ft)

Warehouse 15,525 sq ft (1,442.24 sq m)
Offices: 4,446 sq ft (413.02 sq m)
Modern Warehouse: 3,626 sq ft (336.10 sq m)
Total GIA floor area 23,597 sq ft (2,191.36 sq m)

BUILDING 2
Situated to the front and side of Building 1 is a small workshop/warehouse which is in poor condition.

Warehouse: 4,380 sq ft (406.89 sq m)
Total GIA Floor Area: 4,380 sq ft (406.89 sq m)

To the side and rear of Plots 2 and 3 is a gated yard leading to a large car park to the rear.

TENURE
Building 1: A 99 year ground lease from 21 June 1965 - 2064. The current ground rent payable is £800 pax.

Building 2: A 99 year ground lease from 19 October 1964 - 2063. The current ground rent is £440 pax

Stratford District Council own the freehold and have indicated that they would consider granting a new lease for say 125 years on a geared ground rent. Further details from the Agents.

GUIDE PRICE
Offers in the region of £750,000 for the leasehold interest with vacant possession of both buildings. Consideration will be given to a sale of both properties individually.

BUSINESS RATES
Buildings 1 and 2 are not currently assessed as they are included in an overall assessment with the building next door.

EPCS
Available from the Agents

FLOOR PLANS
Available from the Agents

SERVICES
We understand that all mains services are connected.
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LEGAL COSTS
Each party will be responsible for their own legal costs in the transaction.

VAT
VAT will be payable where applicable..

VIEWING
Strictly by appointment with Tim Cox Associates. Telephone: .