freehold investment
FREEHOLD INVESTMENT FOR SALE Comprising 23 single garages, one double garage and a small office Subject to Existing Tenancies Central location in expanding rural centre Total current rental income £15,400 per annum FOR SALE
Guide Price £325,000
FREEHOLD INVESTMENT WELLESBOURNE WARWICKSHIRE
Exceeding the Standard
Garage blocks Rear of Kineton Road, Wellesbourne
Location Wellesbourne is a small commuter town serving the nearby towns of Warwick, Stratford-upon-Avon and Leamington Spa. It is located on the A429, some five miles east of Stratford-upon-Avon. There are two terraces of garages located to the rear of a retail parade in the centre of Wellesbourne with access from both Kineton Road and Newbold Road.
Tenancies
Rateable Value
The total gross income from the property is currently £15,400 per annum. Tenancies are based on individual licence agreements and all are currently occupied.
The only property to be rated is the small office (once a betting shop) which has a Rateable Value of £1,775.
The Landlord is required to maintain the structure of the garages and the access road. Further details will be made available to seriously interested parties.
Description The site, outlined in red on the plan opposite, borders residential gardens on one side or land to the rear of the commercial premises on the other. The total area comprises approximately 0.341 acres/0.138 hectares. The garages which have been sold off separately are shaded yellow on the plan whilst those currently let and included in the sale are shaded green. The garages in private ownership are required to pay a relevant proportion for the upkeep of the surface of the access road.
Legal Costs Each party is to be responsible for their own legal & other costs incurred in this transaction.
Terms The property is offered freehold, subject to the existing tenancies. The property has not been elected for tax and there is therefore no VAT charged on the rent; VAT will not be applicable to the purchase price.
Viewing Strictly by appointment with the sole agents’ Stratford-upon-Avon office. Please contact Suzanne James. [email protected]; 01789 292310 www.sheldonbosleyknight.co.uk
The access road (coloured blue on the plan) is included in the sale.
Leamington Spa
Kenilworth
Services
29 Denby Buildings, Regent Grove, Leamington Spa Warwickshire CV32 4NY Tel: 01926 430555
9 The Square, Kenilworth Warwickshire CV8 1EF Tel: 01926 857595
Stratford-upon-Avon
Shipston-on-Stour
Morgan House, 58 Ely Street Stratford-upon-Avon Warwickshire CV37 6LN Tel: 01789 292310
The Corner House, Market Place, Shipston-on-Stour Warwickshire CV36 4AG Tel: 01608 661666
The small office benefits from mains electricity and water supply but otherwise there are no services to the individual garages. Sheldon Bosley Knight Limited for themselves and for the vendors of the property whose agents they are, give notice that these particulars do not constitute any part of a contract or offer and are produced in good faith and set out as a general guide only. The vendor does not make or give, and neither Sheldon Bosley Knight Limited nor any other person in this employment has an authority to make or give any representation or warranty whatsoever in relation to this property. Whilst we endeavour to make our particulars accurate and reliable, should there be any point which requires clarification please contact this office. This may be particularly important if you are contemplating travelling some distance to view the property.
Guide Price £325,000
FREEHOLD INVESTMENT WELLESBOURNE WARWICKSHIRE
Exceeding the Standard
Garage blocks Rear of Kineton Road, Wellesbourne
Location Wellesbourne is a small commuter town serving the nearby towns of Warwick, Stratford-upon-Avon and Leamington Spa. It is located on the A429, some five miles east of Stratford-upon-Avon. There are two terraces of garages located to the rear of a retail parade in the centre of Wellesbourne with access from both Kineton Road and Newbold Road.
Tenancies
Rateable Value
The total gross income from the property is currently £15,400 per annum. Tenancies are based on individual licence agreements and all are currently occupied.
The only property to be rated is the small office (once a betting shop) which has a Rateable Value of £1,775.
The Landlord is required to maintain the structure of the garages and the access road. Further details will be made available to seriously interested parties.
Description The site, outlined in red on the plan opposite, borders residential gardens on one side or land to the rear of the commercial premises on the other. The total area comprises approximately 0.341 acres/0.138 hectares. The garages which have been sold off separately are shaded yellow on the plan whilst those currently let and included in the sale are shaded green. The garages in private ownership are required to pay a relevant proportion for the upkeep of the surface of the access road.
Legal Costs Each party is to be responsible for their own legal & other costs incurred in this transaction.
Terms The property is offered freehold, subject to the existing tenancies. The property has not been elected for tax and there is therefore no VAT charged on the rent; VAT will not be applicable to the purchase price.
Viewing Strictly by appointment with the sole agents’ Stratford-upon-Avon office. Please contact Suzanne James. [email protected]; 01789 292310 www.sheldonbosleyknight.co.uk
The access road (coloured blue on the plan) is included in the sale.
Leamington Spa
Kenilworth
Services
29 Denby Buildings, Regent Grove, Leamington Spa Warwickshire CV32 4NY Tel: 01926 430555
9 The Square, Kenilworth Warwickshire CV8 1EF Tel: 01926 857595
Stratford-upon-Avon
Shipston-on-Stour
Morgan House, 58 Ely Street Stratford-upon-Avon Warwickshire CV37 6LN Tel: 01789 292310
The Corner House, Market Place, Shipston-on-Stour Warwickshire CV36 4AG Tel: 01608 661666
The small office benefits from mains electricity and water supply but otherwise there are no services to the individual garages. Sheldon Bosley Knight Limited for themselves and for the vendors of the property whose agents they are, give notice that these particulars do not constitute any part of a contract or offer and are produced in good faith and set out as a general guide only. The vendor does not make or give, and neither Sheldon Bosley Knight Limited nor any other person in this employment has an authority to make or give any representation or warranty whatsoever in relation to this property. Whilst we endeavour to make our particulars accurate and reliable, should there be any point which requires clarification please contact this office. This may be particularly important if you are contemplating travelling some distance to view the property.
