FOR SALE Rare Investment Opportunity
FOR SALE Rare Investment Opportunity 127 Daventry Road, Cheylesmore, Coventry, CV3 5HD
906 sq ft (84.17 sq m) Ground Floor NIA plus a 3 bed flat
+ + +
Potential mixed use opportunity Located on a busy local shopping parade Let in its entirety on an FRI lease at a passing rent of £21,500 per annum
Regulated by RICS
T/ F/ E/ W/
024 7623 2970 024 7615 8530 [email protected] www.spmcommercial.com
127 Daventry Road Cheylesmore Coventry CV3 5HD Location The property forms part of the extremely popular Daventry Road neighbourhood shopping parade which serves the affluent south side of the City. The neighbouring properties are Specsavers and Bosworth Butchers, however, the parade also includes a number of national retailers including Greggs and Spar together with branches of HSBC Bank, Lloyds TSB and the Coventry Building Society etc.
Asking Price Offers in the region of £300,000 subject to contract, and lease. Rates Rateable Value £23,500.00 Uniform Business Rate (2015/16) at 49.3p in £ Rates Payable £11,585.50 Energy Performance Certificate
Description The property comprises a lock up retail shop with ancillary stores at ground floor level, which has been extended into the neighbouring property (125 Daventry Road) which is not included in the sale. Upstairs includes a three bed flat with gas central heating throughout, is fully alarmed, WC, bath and hand basin, a large open plan kitchen and living room. The access is to the rear via a shared service road and includes parking for 2 cars plus on street parking. Accommodation Ground Floor First and Second Floor
Sq m 84.17 3 bed flat
Sq ft 906
Tenure Freehold Tenancy th The property is let in its entirety on an FRI lease from (30 March 2005) to Devlins (Coventry) Limited, assigned to st Ashok Takiar on (21 March 2013) at a current passing rent of (£21,500) per annum. We believe the rent to be reversionary. Planning The property currently has planning use class A1 (shops), with permitted use to be a newsagents, tobacconists and confectioners.
Important Notice: 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Shortland Penn + Moore in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Shortland Penn + Moore nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken.
Legal Costs Each party will be responsible for their own legal costs. VAT We understand that VAT will be payable upon the purchase price, but that the sale may be erected as a Transfer of Going Concern (TOGC). 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]
906 sq ft (84.17 sq m) Ground Floor NIA plus a 3 bed flat
+ + +
Potential mixed use opportunity Located on a busy local shopping parade Let in its entirety on an FRI lease at a passing rent of £21,500 per annum
Regulated by RICS
T/ F/ E/ W/
024 7623 2970 024 7615 8530 [email protected] www.spmcommercial.com
127 Daventry Road Cheylesmore Coventry CV3 5HD Location The property forms part of the extremely popular Daventry Road neighbourhood shopping parade which serves the affluent south side of the City. The neighbouring properties are Specsavers and Bosworth Butchers, however, the parade also includes a number of national retailers including Greggs and Spar together with branches of HSBC Bank, Lloyds TSB and the Coventry Building Society etc.
Asking Price Offers in the region of £300,000 subject to contract, and lease. Rates Rateable Value £23,500.00 Uniform Business Rate (2015/16) at 49.3p in £ Rates Payable £11,585.50 Energy Performance Certificate
Description The property comprises a lock up retail shop with ancillary stores at ground floor level, which has been extended into the neighbouring property (125 Daventry Road) which is not included in the sale. Upstairs includes a three bed flat with gas central heating throughout, is fully alarmed, WC, bath and hand basin, a large open plan kitchen and living room. The access is to the rear via a shared service road and includes parking for 2 cars plus on street parking. Accommodation Ground Floor First and Second Floor
Sq m 84.17 3 bed flat
Sq ft 906
Tenure Freehold Tenancy th The property is let in its entirety on an FRI lease from (30 March 2005) to Devlins (Coventry) Limited, assigned to st Ashok Takiar on (21 March 2013) at a current passing rent of (£21,500) per annum. We believe the rent to be reversionary. Planning The property currently has planning use class A1 (shops), with permitted use to be a newsagents, tobacconists and confectioners.
Important Notice: 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Shortland Penn + Moore in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Shortland Penn + Moore nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken.
Legal Costs Each party will be responsible for their own legal costs. VAT We understand that VAT will be payable upon the purchase price, but that the sale may be erected as a Transfer of Going Concern (TOGC). 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]
