freehold investment property for sale freehold investment ... - Realla
4 Camp Hill Road, Nuneaton, CV10 0JH
FREEHOLD INVESTMENT PROPERTY FOR SALE 4 CAMP HILL ROAD NUNEATON CV10 0JH
• Ground Floor Shop Unit With SelfSelf-Contained Flat Over (Please Note That The Flat Has Been Sold On A 99 Year Lease) • Prominently Situated Fronting Camp Hill Road Close To The Busy Intersection With Victoria Road/Bucks Hill/Coleshill Road In The Chapel End Area Of Nuneaton • Ground Floor Let to Lloyds Pharmacy Limited At A Rental Of £10 £10,000 10,000 Per Annum • First Floor Flat Currently Paying Paying An Annual Ground Rent Of £50 • Price: Offers Around £160 £160,000
4 Camp Hill Road, Nuneaton, CV10 0JH
LOCATION Internal Width (front):
8.73m (28’8”)
The premises form part of a terrace of properties believed to principally comprise shops with residential accommodation over.
Shop/Dispensary Depth (max.):14.58m (47’10”)
The property is prominently situated fronting Camp Hill Road, at the busy intersection with Victoria Road/Bucks Hill/Coleshill Road, in the Chapel End area of Nuneaton.
Kitchen
Net Sales Area:
115. 115.57M² 57M² (1,244 (1,244Ft²) 1,244Ft²)
WC (off the kitchen) Store: Store:
Neighbouring occupiers include a number of national and local concerns including Betfred, Grand Bingo Club, Hartshill Members Club, convenience store, takeaway, DIY store, newsagents, hair and beauty, etc. The Chapel End and Chancery Lane Surgeries are also close by. There is a bus stop in the vicinity, together with nearby on-street parking. Nuneaton town centre is approximately three miles distant to the south-east via the B4114.
6.03M² (65Ft²)
21. 21.36M² 36M² (230 (230Ft²) 230Ft²)
TOTAL NET INTERNAL AREA 143. 143.23 M² (1,542 (1,542Ft²) 1,542Ft²) First Floor The flat has been sold off on a 99 year lease and has therefore not been measured or inspected. Outside Yard (accessed from the rear of the shop and via a right of way through 2 Camp Hill Road (to be confirmed)).
DESCRIPTION VAT The property comprises a two storey midterraced building providing a ground floor shop unit (let to Lloyds Pharmacy Limited) and first floor flat (which has been sold on a 99 year lease).
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. FIXTURES AND FITTINGS
A copy of the title plan is attached to these particulars for reference only and is not to scale (boundaries, any rights of way, etc, to be confirmed by the Vendor’s Solicitors during the usual pre-contract enquiries).
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale. SERVICES
ACCOMMODATION All measurements are approximate and on a Net Internal Area Basis. Ground Floor The shop is occupied by Lloyds Pharmacy Limited and has been fitted-out and extended by them, including the installation of a ramp at the front of the property to provide wheelchair access. Sales Area/Dispensary Area/Dispensary (currently partitioned to
provide main retail area with a separate consulting room and open dispensing area)
All main services are understood to be available, subject to connection charges by the utility companies. No tests have been applied. TENURE The premises are available freehold, subject to the occupational leases. Shop The ground floor is let to Lloyds Pharmacy Limited (£2,332,635,000 turnover for the
4 Camp Hill Road, Nuneaton, CV10 0JH
period 1/1/14 to 31/3/15 – source: Annual Report And Financial Statements) on tenant’s effective full repairing and insuring basis for a term expiring 30th November 2019. The passing rent is £10,000 per annum. Flat While we have not seen a copy of the agreement we understand from the Land Registry that this was sold on a 99 year lease with effect from 1 December 1989 at an annual ground rent of £50 (the current figure) rising to £150. PURCHASE PRICE Offers around £160,000. COSTS Each party to pay their own legal costs. RATING We are informally advised by the Local Authority that the current assessment is:Rateable Value:
£7,000
Prospective purchasers are recommended to make their own enquiries for verification. 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)
4 Camp Hill Road, Nuneaton, CV10 0JH
Subject property for identification purposes only
4 Camp Hill Road, Nuneaton, CV10 0JH
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.
FREEHOLD INVESTMENT PROPERTY FOR SALE 4 CAMP HILL ROAD NUNEATON CV10 0JH
• Ground Floor Shop Unit With SelfSelf-Contained Flat Over (Please Note That The Flat Has Been Sold On A 99 Year Lease) • Prominently Situated Fronting Camp Hill Road Close To The Busy Intersection With Victoria Road/Bucks Hill/Coleshill Road In The Chapel End Area Of Nuneaton • Ground Floor Let to Lloyds Pharmacy Limited At A Rental Of £10 £10,000 10,000 Per Annum • First Floor Flat Currently Paying Paying An Annual Ground Rent Of £50 • Price: Offers Around £160 £160,000
4 Camp Hill Road, Nuneaton, CV10 0JH
LOCATION Internal Width (front):
8.73m (28’8”)
The premises form part of a terrace of properties believed to principally comprise shops with residential accommodation over.
Shop/Dispensary Depth (max.):14.58m (47’10”)
The property is prominently situated fronting Camp Hill Road, at the busy intersection with Victoria Road/Bucks Hill/Coleshill Road, in the Chapel End area of Nuneaton.
Kitchen
Net Sales Area:
115. 115.57M² 57M² (1,244 (1,244Ft²) 1,244Ft²)
WC (off the kitchen) Store: Store:
Neighbouring occupiers include a number of national and local concerns including Betfred, Grand Bingo Club, Hartshill Members Club, convenience store, takeaway, DIY store, newsagents, hair and beauty, etc. The Chapel End and Chancery Lane Surgeries are also close by. There is a bus stop in the vicinity, together with nearby on-street parking. Nuneaton town centre is approximately three miles distant to the south-east via the B4114.
6.03M² (65Ft²)
21. 21.36M² 36M² (230 (230Ft²) 230Ft²)
TOTAL NET INTERNAL AREA 143. 143.23 M² (1,542 (1,542Ft²) 1,542Ft²) First Floor The flat has been sold off on a 99 year lease and has therefore not been measured or inspected. Outside Yard (accessed from the rear of the shop and via a right of way through 2 Camp Hill Road (to be confirmed)).
DESCRIPTION VAT The property comprises a two storey midterraced building providing a ground floor shop unit (let to Lloyds Pharmacy Limited) and first floor flat (which has been sold on a 99 year lease).
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. FIXTURES AND FITTINGS
A copy of the title plan is attached to these particulars for reference only and is not to scale (boundaries, any rights of way, etc, to be confirmed by the Vendor’s Solicitors during the usual pre-contract enquiries).
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale. SERVICES
ACCOMMODATION All measurements are approximate and on a Net Internal Area Basis. Ground Floor The shop is occupied by Lloyds Pharmacy Limited and has been fitted-out and extended by them, including the installation of a ramp at the front of the property to provide wheelchair access. Sales Area/Dispensary Area/Dispensary (currently partitioned to
provide main retail area with a separate consulting room and open dispensing area)
All main services are understood to be available, subject to connection charges by the utility companies. No tests have been applied. TENURE The premises are available freehold, subject to the occupational leases. Shop The ground floor is let to Lloyds Pharmacy Limited (£2,332,635,000 turnover for the
4 Camp Hill Road, Nuneaton, CV10 0JH
period 1/1/14 to 31/3/15 – source: Annual Report And Financial Statements) on tenant’s effective full repairing and insuring basis for a term expiring 30th November 2019. The passing rent is £10,000 per annum. Flat While we have not seen a copy of the agreement we understand from the Land Registry that this was sold on a 99 year lease with effect from 1 December 1989 at an annual ground rent of £50 (the current figure) rising to £150. PURCHASE PRICE Offers around £160,000. COSTS Each party to pay their own legal costs. RATING We are informally advised by the Local Authority that the current assessment is:Rateable Value:
£7,000
Prospective purchasers are recommended to make their own enquiries for verification. 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)
4 Camp Hill Road, Nuneaton, CV10 0JH
Subject property for identification purposes only
4 Camp Hill Road, Nuneaton, CV10 0JH
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.
