Mixed use for sale
Property description & features
- *This property is currently available – Please contact the Auctioneers to register your interest*
- PUBLIC AUCTION - in the room and livestream
- Mixed use investment opportunity
- Current rent payable £37,600 p.a.
- 3 retail units plus 3 flats
- Abbey Green Location
- Ideal investment
*This property is currently available – Please contact the Auctioneers to register your interest*
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 8th February 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ
Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.
passport.eigroup.co.uk/bidder-registration/loveitts
GUIDE PRICE: £290,000 plus
*This property is currently available – Please contact the Auctioneers to register your interest*
Tenanted mixed commercial and residential investment opportunity, with current rent payable of £37,000 p.a. Ground floor 3 x retail units plus 3 x self contained flats across first and second floor. Popular location within a parade of retail units and eateries, close to Nuneaton town centre.
ACCOMMODATION 23 Upper Abbey Street:
Retail - Dessert café and takeaway.
First floor flat (No. 23a)
Kitchen: 18 ft 9 in max x 9 ft max
Living bedroom: 13 ft x 14 ft 8 in
Bathroom:
Second floor flat (No. 23b)
Kitchen: 5 ft 1 in max x 13 ft 4 in
Lounge: 12 ft 11 in x 13 ft 3 in
Bedroom: 7 ft x 13 ft 10 in
Bathroom.
1 & 2 Abbey Green Road:
No 1 Retail - Off Licence.
No 2 Retail - Events shop.
First floor flat (No. 1a)
Lounge/kitchen: 10 ft 6 in x 8 ft 10 in max
Bedroom: 9 ft 3 in x 13 ft 5 in
Bathroom:
OUTSIDE Pedestrian access to rear external staircase, leading to first and second floor flats.
EPC RATING - All to be confirmed Retail No 23: B
Retail No 1: D
Retail No 2: D
Flat No 1a: F
Flat No 23a: G
Flat No 23b: G
COUNCIL TAX BAND - All flats Band A
TENURE Freehold subject to 3 x leases and 3 x tenancies.
RESIDENTIAL TENANCIES FLAT 1a - Assured Shorthold Tenancy
Term: 12 months from 10/11/23 Rent payable: £450 p.c.m
FLAT 23a - Assured Shorthold Tenancy
Term: 6 months from 20/04/23 (now rolling) Rent payable: £450 p.c.m.
FLAT 23b - Assured Shorthold Tenancy
Term: 6 months from 02/05/23 (now rolling) Rent payable: £500 p.c.m.
COMMERCIAL LEASES/TENANCIES 23 Upper Abbey Street - Rent payable £8,400 p.a.
5 years from 01/01/24
1 Abbey Green Road - Rent payable £6,600 p.a.
20 years from 01/02/2020
2 Abbey Green Road - Rent payable £5,200 p.a.
5 years from 31/10/2022
Further information can be found in the Legal Pack, or by contacting the Auctioneers.
ADDITIONAL COSTS Administration Fee: £1,650 (£1,375 plus VAT)
Please see the legal pack for any further costs.
Tenure: See Legal Pack
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Places of interest
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Energy Performance data and Internal floor area
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