forsaleortoletasawhol e (mayletinparts) 3 abbey gate nuneaton cv11 6rt
FOR SALE OR TO LET AS A WHOLE (M A Y L E T I N P A R T S) 3 ABBEY GATE NUNEATON CV11 6RT
Prominently Situated Three Storey Town Centre Building Comprising A Ground Floor Lock-Up Shop Unit With Self-Contained Offices Arranged On First And Second Floors
Located In The Commercial Pedestrianised Heart Of Nuneaton Close To The Entrance To The Abbeygate Shopping Centre And Situated Amongst A Number Of National Concerns
Net Internal Area Of The Shop About 94.12m² (1,013ft²) Net Internal Of The Offices Approximately 109.44 m² (1,178 ft²) Freehold Offers Around £275,000; Rental (Whole): £22,000 Per Annum Exclusive
3 Abbey Gate, Nuneaton, CV114EH
LOCATION
ACCOMMODATION
The premises are situated in the commercial pedestrianised heart of Nuneaton, which is the largest town in the borough of Nuneaton and Bedworth with a population of 71,000 (Census 2001) and a catchment extending to around 120,000.
All measurements are approximate and on a Net Internal Area (NIA) basis.
Nuneaton is approximately nine miles north of the City of Coventry and twenty miles east of Birmingham.
The ground floor lock-up shop has been partitioned by the previous occupiers to provide front sales area with steps up to ancillary storage/office accommodation and toilet facilities, but could be altered to provide a more open plan arrangement, subject to obtaining any necessary consents.
The property is situated amongst a number of predominantly national concerns (Clintons, EE, Boots Opticians, Specsavers, Superdrug, etc.) and close to the Abbeygate Shopping Centre entrance. The premises are also well located for all other town centre amenities (including bus and railway stations) and public car parking facilities.
SHOP Ground Floor
TOTAL NET INTERNAL AREA OF SHOP 94.12 M² (1,013 Ft²) OFFICES
DESCRIPTION
Ground Floor
The premises comprise a three storey town centre building forming part of a parade and comprising a ground floor shop unit with selfcontained offices (with their own ground floor entrance) arranged on first and second floors.
Entrance off Abbey Gate. Stairs to:
The ground floor shop has until recently traded as Cashino Gaming (understood to be a sui generis use ie other activities are likely to require planning permission for change of use) and the offices were previously occupied by a recruitment company. Both are considered suitable for a variety of other uses, subject to obtaining any necessary consents. Prospective occupiers should, however, rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use.
Stairs to:
Important Note: The current owners of the property will not entertain a sale for use as a gaming centre and would seek to include a covenant in any contract prohibiting the future use of the building for these purposes.
First Floor 79.34 M² (854 Ft²) (Briefly comprising: Three Office Rooms; Kitchenette; Separate Male and Female WCs)
Second Floor 30.10 M² (324 Ft²) (Comprising: Two Office Rooms) TOTAL NET INTERNAL AREA OF OFFICES 109.44 M² (1,178 Ft²) Summary of Floor Areas Shop Offices
M² 94.12 109.44
Ft² 1,013 1,178
Total NIA
203.56
2,191
SERVICES Mains electricity, water and drainage are understood to be installed to the property, subject to connection charges by the utility companies. No tests have been applied.
3 Abbey Gate, Nuneaton, CV114EH
TENURE
LOCAL AUTHORITY
The whole property is available freehold and with vacant possession at offers around £275,000.
Nuneaton and Bedworth Borough Council Coton Road Nuneaton Warwickshire CV11 5AA
A letting of the whole will also be entertained considered on the basis of a new tenant’s full repairing and insuring lease for a term by agreement, but a ten year lease, subject to an upward only rent review at the end of the fifth year is suggested. The commencing rental will be £22,000 per annum exclusive. Alternatively, the owners may consider a letting of the shop and offices separately – further details on request.
Tel: 024 7637 6376 RATES We are informally advised by the Local Authority that the current assessment are:Shop Rateable Value (2017 list):
£21,250
COSTS Offices Each party is to pay their own legal costs in respect of the sale. In the event of a letting, the Incoming tenant is to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. FIXTURES AND FITTINGS
Rateable Value (2017 list):
£9,000
Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. Any queries regarding Business Rates Relief should also be directed to the Local Authority. VIEWING By arrangement with:-
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale.
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. SRE)
ENERGY PEFORMANCE RATING
Joint Agent:
Shop
AP RETAIL Telephone: 01527 578820 E-mail: [email protected] (Ref. AP)
Rating F (149) Offices Rating G (200).
3 Abbey Gate, Nuneaton, CV114EH
Subject Property for Identification Purposes Only
3 Abbey Gate, Nuneaton, CV114EH 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.
Prominently Situated Three Storey Town Centre Building Comprising A Ground Floor Lock-Up Shop Unit With Self-Contained Offices Arranged On First And Second Floors
Located In The Commercial Pedestrianised Heart Of Nuneaton Close To The Entrance To The Abbeygate Shopping Centre And Situated Amongst A Number Of National Concerns
Net Internal Area Of The Shop About 94.12m² (1,013ft²) Net Internal Of The Offices Approximately 109.44 m² (1,178 ft²) Freehold Offers Around £275,000; Rental (Whole): £22,000 Per Annum Exclusive
3 Abbey Gate, Nuneaton, CV114EH
LOCATION
ACCOMMODATION
The premises are situated in the commercial pedestrianised heart of Nuneaton, which is the largest town in the borough of Nuneaton and Bedworth with a population of 71,000 (Census 2001) and a catchment extending to around 120,000.
All measurements are approximate and on a Net Internal Area (NIA) basis.
Nuneaton is approximately nine miles north of the City of Coventry and twenty miles east of Birmingham.
The ground floor lock-up shop has been partitioned by the previous occupiers to provide front sales area with steps up to ancillary storage/office accommodation and toilet facilities, but could be altered to provide a more open plan arrangement, subject to obtaining any necessary consents.
The property is situated amongst a number of predominantly national concerns (Clintons, EE, Boots Opticians, Specsavers, Superdrug, etc.) and close to the Abbeygate Shopping Centre entrance. The premises are also well located for all other town centre amenities (including bus and railway stations) and public car parking facilities.
SHOP Ground Floor
TOTAL NET INTERNAL AREA OF SHOP 94.12 M² (1,013 Ft²) OFFICES
DESCRIPTION
Ground Floor
The premises comprise a three storey town centre building forming part of a parade and comprising a ground floor shop unit with selfcontained offices (with their own ground floor entrance) arranged on first and second floors.
Entrance off Abbey Gate. Stairs to:
The ground floor shop has until recently traded as Cashino Gaming (understood to be a sui generis use ie other activities are likely to require planning permission for change of use) and the offices were previously occupied by a recruitment company. Both are considered suitable for a variety of other uses, subject to obtaining any necessary consents. Prospective occupiers should, however, rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use.
Stairs to:
Important Note: The current owners of the property will not entertain a sale for use as a gaming centre and would seek to include a covenant in any contract prohibiting the future use of the building for these purposes.
First Floor 79.34 M² (854 Ft²) (Briefly comprising: Three Office Rooms; Kitchenette; Separate Male and Female WCs)
Second Floor 30.10 M² (324 Ft²) (Comprising: Two Office Rooms) TOTAL NET INTERNAL AREA OF OFFICES 109.44 M² (1,178 Ft²) Summary of Floor Areas Shop Offices
M² 94.12 109.44
Ft² 1,013 1,178
Total NIA
203.56
2,191
SERVICES Mains electricity, water and drainage are understood to be installed to the property, subject to connection charges by the utility companies. No tests have been applied.
3 Abbey Gate, Nuneaton, CV114EH
TENURE
LOCAL AUTHORITY
The whole property is available freehold and with vacant possession at offers around £275,000.
Nuneaton and Bedworth Borough Council Coton Road Nuneaton Warwickshire CV11 5AA
A letting of the whole will also be entertained considered on the basis of a new tenant’s full repairing and insuring lease for a term by agreement, but a ten year lease, subject to an upward only rent review at the end of the fifth year is suggested. The commencing rental will be £22,000 per annum exclusive. Alternatively, the owners may consider a letting of the shop and offices separately – further details on request.
Tel: 024 7637 6376 RATES We are informally advised by the Local Authority that the current assessment are:Shop Rateable Value (2017 list):
£21,250
COSTS Offices Each party is to pay their own legal costs in respect of the sale. In the event of a letting, the Incoming tenant is to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. FIXTURES AND FITTINGS
Rateable Value (2017 list):
£9,000
Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. Any queries regarding Business Rates Relief should also be directed to the Local Authority. VIEWING By arrangement with:-
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale.
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. SRE)
ENERGY PEFORMANCE RATING
Joint Agent:
Shop
AP RETAIL Telephone: 01527 578820 E-mail: [email protected] (Ref. AP)
Rating F (149) Offices Rating G (200).
3 Abbey Gate, Nuneaton, CV114EH
Subject Property for Identification Purposes Only
3 Abbey Gate, Nuneaton, CV114EH 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.
