Call the team on 024 7652 7789 for more information
**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.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.