forsalefreehold 36 toler road abbey green nuneaton cv11 5ep - Realla

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FOR SALE FREEHOLD 36 TOLER ROAD ABBEY GREEN NUNEATON CV11 5EP

 Attractively Refurbished Investment Property Comprising A Mix Of One And Two Bedroomed Apartments Including Two Duplex Units With En-Suites  Property Let To People-In-Action (Registered Charity) Under Newly Completed Full Repairing And Insuring Lease  Current Reserved Rental £28,800 Per Annum Exclusive  Individual Units Attractively Refurbished With New Kitchen Fittings And Sanitary Ware, Electric Heating And UPVC Double Glazing  Rear Parking  Purchase Price £395,000 Freehold

36 Toler Road, Abbey Green, Nuneaton CV11 5EP LOCATION The subject property is located in and thickly populated predominately residential district within Abbey Green ward, less than half a mile from the Nuneaton town centre, and with local shops, schools and bus service close at hand. DESCRIPTION The property comprises a relatively recently constructed two and a half storey development of five self-contained apartments forming part of a terrace of houses, with enclosed yard/potential parking area at the rear, this with an integral vehicular entry for access. The property is now formally let as an investment to People-In-Action, a local registered charity, with the individual units within the development (comprising a mixture of two and one bedroomed units (including two duplex units with en-suites) occupied as self-contained apartments by individuals cared for by the charity.

hob), one bedroom and bathroom (comprising bath, wash basin and wc). First Floor Apartment 3 (rear) Consisting of hallway, lounge, kitchen (with fitted units including built-in oven and hob), two bedrooms and shower room (comprising shower cubicle, wash basin and wc). Apartment 4 (front) Consisting of lounge with kitchen area (having fitted units including built-in oven and hob), one bedroom and shower room (comprising shower cubicle, wash basin and wc) having hallway with staircase access to: Second Floor Master Bedroom Having en-suite bathroom (with bath, wash basin and wc). First Floor

All the units have been attractively refurbished with new kitchen fittings and sanitary ware, together with electric heating and UPVC double glazing in each case.

Apartment 5 (front) Consisting of lounge with kitchen area (having fitted units including built-in oven and hob), one bedroom and shower room (comprising shower cubicle, wash basin and wc), having hallway with staircase access to:

ACCOMMODATION

Second Floor

The property’s accommodation is arranged across two and a half storeys and briefly comprises:-

Master Bedroom Having en-suite bathroom (with bath, wash basin and wc).

Ground Floor

Outside

Common Hallway With staircase to first floor.

Integral gated driveway access to concrete laid rear yard/parking area, with perimeter walling and incorporating drying area.

Apartment 1 (front) Consisting of hallway, sitting room, kitchen (with fitted units including built-in oven and hob), two bedrooms and wet room (comprising shower area, wash basin and wc). Apartment 2 (rear) Consisting of hallway, sitting room, kitchen (with fitted units including built-in oven and

SERVICES Mains water, drainage and electricity are understood to be connected to the property where within the individual units are metered separately, with electric radiators provided to each apartment. Hard wire smoke detectors/fire security system’s also installed.

36 Toler Road, Abbey Green, Nuneaton CV11 5EP No tests have been applied.

ENERGY PERFORMANCE RATING

TENURE/LEASE TERMS

The energy performance ratings individual flats are as follows:-

The property is available to be purchased freehold subject to a newly completed lease to People-In-Action (a registered local charity) at a rental of £28,800 per annum exclusive. The new lease is for a term of five years from 1st September 2016 and is drawn on a full repairing and insuring basis.

Flat No. Flat 1 Flat 2 Flat 3 Flat 4 Flat 5

for

the

Rating D D E D D

VIEWING PURCHASE PRICE £395,000 freehold, subject to the existing lease. LEGAL COSTS Both parties are to be responsible for their own legal costs in this case. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable. FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the sale. LOCAL AUTHORITY Nuneaton and Bedworth Borough Council Town Hall Coton Road NUNEATON Warwickshire CV11 5AA Tel: 024 7637 6376 RATES The individual apartments within the development are all designated as Band A for Council Tax purposes. Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification.

Courtesy of People-In-Action and strictly by arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref : JRP/MD)

36 Toler Road, Abbey Green, Nuneaton CV11 5EP

36 Toler Road, Abbey Green, Nuneaton CV11 5EP

Subject property for illustrative purposes

36 Toler Road, Abbey Green, Nuneaton CV11 5EP 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.