Property Details

Poplar Road sits in the heart of the Warwickshire village of Bishops Itchington, within the Stratford Upon Avon district. Located approximately 8 miles south east of Royal Leamington Spa, 4 miles south west of the market town of Southam, 9 miles from Banbury and 18 miles from Stratford Upon Avon. This strategically placed village is only 2 miles from access onto the M40 motorway at Gaydon and is identified on the attached location map.

Description Mixed Use Investment Comprising Hairdressing Salon, Parish Council Office And Three-bedroom Apartment. Location Poplar Road Sits In The Heart Of The Warwickshire Village Of Bishops Itchington, Within The Stratford Upon Avon District. Located Approximately 8 Miles South East Of Royal Leamington Spa, 4 Miles South West Of The Market Town Of Southam, 9 Miles From Banbury And 18 Miles From Stratford Upon Avon. This Strategically Placed Village Is Only 2 Miles From Access Onto The M40 Motorway At Gaydon And Is Identified On The Attached Location Map. Services Mains Water, Drainage And Electricity Are Connected To The Building, The Commercial Accommodation Being Separately Metered To The First Floor Flat. Heating Is Electric Throughout. The Hairdressing Tenant Has Installed Air Conditioning. Tenure Freehold, Subject To The Lease Details Set Out Above. The Ground Floor Retail And Office Accommodation: Lease Term: 10 Years Rent: £10,200 Per Annum Exclusive Payable Monthly In Advance Biannual Rent Reviews Internal Repairing And Insuring Terms Lease Not Excluded From The 1954 Landlord And Tenant Act Current Sublease Of Part (the Independent Office Accommodation) To Bishops Itchington Parish Council First Floor Apartment Currently Let Subject To An Assured Shorthold Tenancy Agreement At A Rent Of £725 Per Calendar Month. Planning Ground Floor: Class E First Floor: Class C3 Rent Total Rental Income: £18,900 Per Annum, Exclusive. Rates The Ground Floor Shop Rateable Value For The Current Year Is £9,500. The Ground Floor Office Rateable Value For The Current Year Is £2,650. The Flat Council Tax Band Is B. Legal Costs Each Party Will Meet Their Own Legal Costs. Epc Shop Epc: Apartment Epc: E-39 (valid Until July 2030). Reduced Price Offers Invited Based On £430,000 Currently Producing £18,900 Per Annum Exclusive Substantial Period Village Building With Rear Garden And Car Parking Currently Fully Occupied Hairdressing Salon, Parish Council Offices And 3 Bedroom Apartment Four On Site Car Parking Space