R/0 49/51 King Street, Bedworth
FOR SALE FREEHOLD LAND R/0 4949-51 KING STREET BEDWORTH
For Identification Purposes Only – Not To Scale
• A Freehold Residential Development Site With Planning Consent For The Erection Of Four Mews Houses • Located In A Convenient Position Within Bedworth Town Centre Facing Public Gardens Alongside St. Francis Church • Site Currently Currently Held On Licence By Warwicksh Warwickshire County Council Producing A Licence Fee Income Of £7,500 per annum • Attrac Attractively tively Designed Alms House Style Homes Suitable For Future Sale Or For Retention Retention As An Investment • PURCHASE PRICE - £160,000 Freehold
R/0 49/51 King Street, Bedworth
LOCATION
PURCHASE PRICE
The subject site is located within Bedworth Town Centre to the rear of existing commercial properties (No. 49 and 51 King Street) with easy access to the pedestrianised commercial heart of the town and otherwise for access to all main amenities.
£160,000 for the freehold subject to the existing Licence which is determinable on one month’s Notice (existing Licence Agreement is available on application to the sole selling agents).
The property faces out across public gardens adjoining St. Francis Roman Catholic Church which fronts the B4113 Rye Piece Ringway which is the town Inner Ring Road. DESCRIPTION The subject property comprises a freehold residential development site with planning consent for the erection of four Alms-house style mews houses affording a particularly attractive appearance and each to comprise living room and kitchen with ground floor shower room together with two first floor bedrooms and bathroom. Each property also has the benefit of a single parking space attached with vehicular access afforded alongside No. 49 King Street to service the development and the existing commercial units (Nos. 49 and 51) as illustrated on the plan attached (for illustrative purposes only). Otherwise the land, which is currently a car park, is held on Licence by Warwickshire County Council and is producing a current Licence fee income of £7,500 per annum. TENURE The property is available freehold. PLANNING On 14th July 2016 planning consent was granted for the erection of four terraced houses at this address (Ref. 0341809) as provided for in the Planning Decision Notice attached and also in the drawings included in these details for illustrative purposes only.
PURCHASER’S WORKS It is confirmed that as part of the sale in this case the Vendor (who is intending to retain the existing frontage properties (Nos. 49 and 51 King Street) will require the purchaser to re-surface the access road (which is being disposed of as part of this sale) and also to re-surface the retained area of yard at the rear of Nos. 49 and 51 as well as to provide three marked parking spaces for use by the existing commercial tenants.
LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Town Hall Coton Road NUNEATON Warwickshire CV11 5AA Tel: 024 7637 6376 VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail:
[email protected] (JRP/AW)
R/0 49/51 King Street, Bedworth
Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
iii)
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.