for sale freehold retail and residential investment opportunity
FOR SALE FREEHOLD RETAIL AND RESIDENTIAL INVESTMENT OPPORTUNITY 483 Holyhead Road, Coventry, CV5 8HU
715 sq ft (66.43 sq m) NIA
+ + + +
Prominent retail unit Off road parking to the front Located in highly populated area Long term income
Regulated by RICS
T/ F/ E/ W/
024 7623 2970 024 7615 8530 [email protected] www.spmcommercial.com
483 Holyhead Road Coventry CV5 8HU
Location The property is located on the Holyhead Road, a main access road into Coventry from Birmingham off the A45, approximately 1 mile North West of the City Centre. Adjacent occupiers include hot food takeaways, estate agents and a chemist amongst many others.
Rates Rateable Value £8,000.00 Uniform Business Rate (2016/17) at 49.7p in £ Rates Payable £3,976.00 Energy Performance Certificate
Description The property comprises a self-contained ground floor lock up retail unit with a rear side access for deliveries, including separate residential accommodation above configured over two floors including 3 bedrooms, a kitchen, lounge and bathroom. Accommodation Total net internal area (retail)
Sq m 66.43
Sq ft 715
Tenure Freehold. Tenancy The property is let in its entirety on a 15 year FRI lease th from 4 May 2012 to Mr Narmila Prabakaran trading as Holyhead News & Wine, at a current passing rent of £13,200 per annum. The rent is due to be reviewed every 5 years. Planning The property currently has planning use class A1 (shops), with permitted use to be a newsagents, tobacconists and confectioners. Price £220,000 excusive of VAT, subject to contract and lease.
SP+M Ltd Important Notice: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of the contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees of Third Parties should not rely on them as statements or representations of fact, and must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person employed by SP+M Ltd has any authority to make any representations or warranty whatsoever in relation to this property 4. Unless otherwise stated all prices and rents re quoted exclusive of VAT. Subject to contract, February 2016.
Legal Costs Each party will be responsible for their own legal costs incurred in the transaction. VAT The property is VAT elected and will therefore be payable. Further Information & Viewing James Compton ([email protected]) 024 7717 0037 Jonathan Moore ([email protected]) at Sole Selling Agents Shortland Penn + Moore 024 7623 2970 Subject To Contract
Office EC1.3 Enterprise Centre Coventry Uni Tech Park Puma Way Coventry CV1 2TT T/ F/ E/
Victoria House 114-116 Colmore Row Birmingham B3 3BD
024 7623 2970 024 7615 8530 [email protected]
715 sq ft (66.43 sq m) NIA
+ + + +
Prominent retail unit Off road parking to the front Located in highly populated area Long term income
Regulated by RICS
T/ F/ E/ W/
024 7623 2970 024 7615 8530 [email protected] www.spmcommercial.com
483 Holyhead Road Coventry CV5 8HU
Location The property is located on the Holyhead Road, a main access road into Coventry from Birmingham off the A45, approximately 1 mile North West of the City Centre. Adjacent occupiers include hot food takeaways, estate agents and a chemist amongst many others.
Rates Rateable Value £8,000.00 Uniform Business Rate (2016/17) at 49.7p in £ Rates Payable £3,976.00 Energy Performance Certificate
Description The property comprises a self-contained ground floor lock up retail unit with a rear side access for deliveries, including separate residential accommodation above configured over two floors including 3 bedrooms, a kitchen, lounge and bathroom. Accommodation Total net internal area (retail)
Sq m 66.43
Sq ft 715
Tenure Freehold. Tenancy The property is let in its entirety on a 15 year FRI lease th from 4 May 2012 to Mr Narmila Prabakaran trading as Holyhead News & Wine, at a current passing rent of £13,200 per annum. The rent is due to be reviewed every 5 years. Planning The property currently has planning use class A1 (shops), with permitted use to be a newsagents, tobacconists and confectioners. Price £220,000 excusive of VAT, subject to contract and lease.
SP+M Ltd Important Notice: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of the contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees of Third Parties should not rely on them as statements or representations of fact, and must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person employed by SP+M Ltd has any authority to make any representations or warranty whatsoever in relation to this property 4. Unless otherwise stated all prices and rents re quoted exclusive of VAT. Subject to contract, February 2016.
Legal Costs Each party will be responsible for their own legal costs incurred in the transaction. VAT The property is VAT elected and will therefore be payable. Further Information & Viewing James Compton ([email protected]) 024 7717 0037 Jonathan Moore ([email protected]) at Sole Selling Agents Shortland Penn + Moore 024 7623 2970 Subject To Contract
Office EC1.3 Enterprise Centre Coventry Uni Tech Park Puma Way Coventry CV1 2TT T/ F/ E/
Victoria House 114-116 Colmore Row Birmingham B3 3BD
024 7623 2970 024 7615 8530 [email protected]
