116a abbey street nuneaton cv11 5bx AWS
FREEHOLD INVESTMENT PROPERTY FOR SALE
116/116A ABBEY STREET NUNEATON CV11 5BX
Three Storey Town Centre Period Building Ground Floor Let Trading As Castillo’s Paying £12,000 PA Upper Floors Let At £5,000 PA Offers over £200,000
116/116a Abbey Street, Nuneaton, CV11 5BX
LOCATION The premises are situated in an established secondary trading area within Nuneaton town centre, on a pedestrianised section of Abbey Street. Neighbouring occupiers include a variety of local and national concerns with nearby public car parking. Nuneaton is the largest town in the Nuneaton and Bedworth Borough Council area, having a population of about 71,000 (2001 Census). DESCRIPTION The premises comprise a three storey town centre period building arranged as cafe premises (Class A3 – Planning Decision Date made on 23 March 2015 (Ref: 033187)) on the ground floor with self-contained accommodation arranged on two upper floors (albeit an internal accessway has been created by the current tenants between the ground and upper floors). ACCOMMODATION All measurements are approximate and on a Net Internal Area basis. Ground Floor* Gross Frontage
7.97m (26’2”)
Internal Width (front)
7.49m (24’7”)
Internal Width (rear)
6.90m (22’8”)
Shop Depth
19.26m (63’2”)
* Currently partitioned.
NET INTERNAL SALES AREA 138.38 M² (1,490 FT²)
Separate Male and Female W.C’s. Door to outside with access via a side passageway to Abbey Street. First/Second Floor The upper floors are accessed via a separate entrance off the side passageway (or through the internal accessway at ground floor level) and at the time the lease was entered into were arranged as offices on the first floor (55.37m² (596ft²)) and flat on the second (briefly comprising: lounge; two bedrooms; bathroom; kitchen/dining area). TENURE The premises are available freehold, subject to the occupational leases.
116/116a Abbey Street, Nuneaton, CV11 5BX
The ground floor is let to Mrs M C Hancocks (trading as Castillo’s) for a term of three years with effect from 1 April 2015 on tenant’s effective full repairing and insuring terms recoverable by way of an ad-hoc service charge. The current passing rent is £12,000 pa. The upper floors are let to Mr W P Hancocks for a term of three years with effect from 1 April 2015 and also on tenant’s effective full repairing and insuring terms recoverable by way of an ad-hoc service charge at a rental of £5,000 pa. PURCHASE PRICE Offers over £200,000. COSTS Each party to pay their own legal costs. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. At the time of preparation of these details (July 2015), the landlord had not elected to charge VAT on the rent/sale price. FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale. SERVICES All main services are understood to be available, subject to connection charges by the utility companies. RATING ASSESSMENT We understand from the Valuation Office Agency website that the current assessments are:116 Abbey Street (ground floor) Rateable Value (2017 List):
£14,500
116a Abbey Street (part first floor) Rateable Value (2017 List):
£3,100
116a Abbey Street (flat) Council Tax Band A Prospective purchasers are recommended to make their own enquiries for verification.
116/116a Abbey Street, Nuneaton, CV11 5BX
LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Coton Road Nuneaton Warwickshire CV11 5AA Tel: 024 7637 6376 VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
Subject Property for illustrative purposes only
116/116a Abbey Street, Nuneaton, CV11 5BX
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.
116/116A ABBEY STREET NUNEATON CV11 5BX
Three Storey Town Centre Period Building Ground Floor Let Trading As Castillo’s Paying £12,000 PA Upper Floors Let At £5,000 PA Offers over £200,000
116/116a Abbey Street, Nuneaton, CV11 5BX
LOCATION The premises are situated in an established secondary trading area within Nuneaton town centre, on a pedestrianised section of Abbey Street. Neighbouring occupiers include a variety of local and national concerns with nearby public car parking. Nuneaton is the largest town in the Nuneaton and Bedworth Borough Council area, having a population of about 71,000 (2001 Census). DESCRIPTION The premises comprise a three storey town centre period building arranged as cafe premises (Class A3 – Planning Decision Date made on 23 March 2015 (Ref: 033187)) on the ground floor with self-contained accommodation arranged on two upper floors (albeit an internal accessway has been created by the current tenants between the ground and upper floors). ACCOMMODATION All measurements are approximate and on a Net Internal Area basis. Ground Floor* Gross Frontage
7.97m (26’2”)
Internal Width (front)
7.49m (24’7”)
Internal Width (rear)
6.90m (22’8”)
Shop Depth
19.26m (63’2”)
* Currently partitioned.
NET INTERNAL SALES AREA 138.38 M² (1,490 FT²)
Separate Male and Female W.C’s. Door to outside with access via a side passageway to Abbey Street. First/Second Floor The upper floors are accessed via a separate entrance off the side passageway (or through the internal accessway at ground floor level) and at the time the lease was entered into were arranged as offices on the first floor (55.37m² (596ft²)) and flat on the second (briefly comprising: lounge; two bedrooms; bathroom; kitchen/dining area). TENURE The premises are available freehold, subject to the occupational leases.
116/116a Abbey Street, Nuneaton, CV11 5BX
The ground floor is let to Mrs M C Hancocks (trading as Castillo’s) for a term of three years with effect from 1 April 2015 on tenant’s effective full repairing and insuring terms recoverable by way of an ad-hoc service charge. The current passing rent is £12,000 pa. The upper floors are let to Mr W P Hancocks for a term of three years with effect from 1 April 2015 and also on tenant’s effective full repairing and insuring terms recoverable by way of an ad-hoc service charge at a rental of £5,000 pa. PURCHASE PRICE Offers over £200,000. COSTS Each party to pay their own legal costs. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. At the time of preparation of these details (July 2015), the landlord had not elected to charge VAT on the rent/sale price. FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale. SERVICES All main services are understood to be available, subject to connection charges by the utility companies. RATING ASSESSMENT We understand from the Valuation Office Agency website that the current assessments are:116 Abbey Street (ground floor) Rateable Value (2017 List):
£14,500
116a Abbey Street (part first floor) Rateable Value (2017 List):
£3,100
116a Abbey Street (flat) Council Tax Band A Prospective purchasers are recommended to make their own enquiries for verification.
116/116a Abbey Street, Nuneaton, CV11 5BX
LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Coton Road Nuneaton Warwickshire CV11 5AA Tel: 024 7637 6376 VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
Subject Property for illustrative purposes only
116/116a Abbey Street, Nuneaton, CV11 5BX
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.
