Retail property (high street) for sale
Features and description
- In room and livestream auction
- Mixed residential and commercial investment
- Town centre location
- Retail unit plus 2 flats
- Unique investment
- Circa 8% yield
*IN THE ROOM AND LIVESTREAM*
To be sold via Public Auction on Thursday 6th February 2025 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: £395,000 to £425,000
Unique investment opportunity - Mixed commercial and residential investment opportunity in the heart of Kenilworth. Retail unit plus 2 x flats over 3 floors with a current rent payable of £32,700. Located on the main high street running through the town.
LOCATION Positioned on the right hand side of the main high street going towards Abbey End, just past Station Road.
ACCOMMODATION GROUND FLOOR
Retail unit (Nail Salon)
Approximately 725 sqft (67.5 sqm)
Rear independent access for flats
FIRST FLOOR
1 bedroom flat
SECOND FLOOR
2 bedroom flat
OUTSIDE
Rear access for loading and access
EPC RATING - D
TENURE Freehold subject to tenancies (2 x flats) and commercial Lease.
TENANCIES Retail Lease: 17/4/21 - 16/4/33
Assured Shorthold Tenancies:
Flat 27a:
Flat 27b:
ADDITIONAL COSTS Administration Fee: £1,920 (£1,600 plus VAT)
Buyer's 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.