For Sale By Auction | 18:30, 08 February 2024 | Lot 8

23 Upper Abbey Street, 1 and 2 Abbey Green, Nuneaton, Warwickshire CV11 5DN

*Guide | £290,000 (plus fees)

  • Mixed Use
  • 3 Bedrooms

Call the team on 024 7652 7789 for more information

Auction Date

Thu 08/02/2024

Auction Time

18:30

Auction Venue

Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

**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.

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.