Property overview

10/11 High Street, Stratford upon Avon

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Dec 2008

Franck-Steier Price Ltd (FSP) have recently completed the freehold purchase of a prime retail unit at 10/11 High Street, Stratford upon Avon on behalf of a private client.

The retail unit occupies a prime trading position within Stratford upon Avon in close proximity to it’s junction with Bridge Street.

The unit comprises an attractive period property arranged over three floors and let to Superdrug Stores Plc for a term of 10 years with effect from 25th October 2006 on a full repairing and insuring basis.  The rent passing is £165,000 per annum with the next rent review due 25th October 2011.

The property was sold by Aviva Staff Pension Fund for £2,165,000 which represents 7.21% assuming full costs of purchase of 5.75%.

Franck-Steier Price Ltd (FSP) represented the private purchaser and Christopher Dee and Aviva Fund Management acted for the vendor.