Call the team on 024 7652 7789 for more information
Unique investment opportunity - Retail unit plus 2 x flats over 3 floors with a current rent payable of £33,000 p.a. The property benefits from recently fitted double glazing and electrical upgrades to both shop and flats, plus new central heating systems to both flats. Mixed commercial and residential investment opportunity in the heart of Kenilworth. 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 - 27A Hallway: Lounge/kitchen: 18 ft 5 ft max x 17 ft 11 ft max Bedroom: 11 ft 11 in x 9 ft 6 in Bathroom: Balcony: SECOND FLOOR - 27B Lounge/kitchen: 18 ft 1 in max x 17 ft 11 in max Bedroom 1: 14 ft 3 in x 8 ft Bedroom 2: 14 ft 2 in x 9 t Bathroom:
OUTSIDE
Rear access for loading and access.
SERVICES AND HEATING
Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.) Gas central heating.
EPC RATING
Retail: D 27A: C 27B: C
COUNCIL TAX
27 B - A 27A - A
TENURE
Freehold subject to tenancies (2 x flats) and commercial Lease.
TENANCIES
Retail Lease: Term: 17/04/2021 - 16/04/2033 Rent payable: £975 p.c.m Assured Shorthold Tenancies: Flat 27a: Term: 12 months from 25/05/2024 Rent payable: £900 p.c.m Flat 27b: Term: 12 months from 17/01/2025 Rent payable: £875 p.c.m
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.
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.