For Sale By Auction | 18:30, 21 November 2024 | Lot 8

33-43 Leicester Street, Bulkington, Bedworth, Warwickshire CV12 9NQ

*Guide | £170,000 - £190,000 (plus fees)

  • Commercial Property

Call the team on 024 7652 7789 for more information

Auction Date

Thu 21/11/2024

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

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.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

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.