Property for sale
Property description & features
- In room and livestream auction
- Mixed use investment
- Village centre location
- 3 x retail units
- Ideal investment
- Rent payable £18,000 p.a.
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 21st November 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ
Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.
GUIDE PRICE: £170,000 to £190,000
Unique opportunity, mixed commercial and residential investment opportunity with current rent payable of £18,000 p.a. 3 tenanted retail units plus 3 long leasehold flats above (collection of ground rent only). Village centre location, surrounded by other retail units and residential accommodation.
ACCOMMODATION GROUND FLOOR
Retail unit (No. 33)
Cafe
Retail unit (No. 37)
Aesthetic Salon
Retail unit (No. 41)
Shop unit
FIRST FLOOR
3 x maisonettes (No access and benefit of ground rent only)
EPC RATINGS No. 33 - D
No. 37 - E
No. 41 - C
TENURE Freehold subject to leases.
Leasehold flats - collection of ground rent only.
LEASES No.33: Retail - Cafe
Term: 6 years from 03/2023
Amount payable: £5,500 p.a. Rent review: 3 years
No.37: Retail - Aesthetics Salon
Term: 3 years from 09/2023
Amount payable: £7,000 p.a. Break clause at 2 years
No.41: Retail
Term: 6 years from 04/2024
Amount payable: £5,500 p.a.
Rent review: 3 year review and Break Clause at 2 and 4 years
Residential maisonettes:
99 years from 29/9/72 (47 years remaining)
Ground rent: £15 p.a. (each property)
ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT)
Buyers Premium: £1,200 (£1,000 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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Property reference 202409241711sq_n27u. The information displayed about this property comprises a property advertisement. We Are The Market and OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Loveitts - Auctions.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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