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FREEHOLD INVESTMENT PROPERTY FOR SALE 76/ 76/76A 76A BARKERS BUTTS LANE COVENTRY CV6 CV6 1DY
• Comprising A Ground Floor LockLock-Up Shop Unit With A Large Two Bedroomed SelfSelf-Contained Flat Over And Useful Rear Parking Area • Prominently Situated Fronting The Busy Barkers Barkers Butts Lane Close To The Crossroads With Moseley Avenue In the Popular Coventry Suburb Of Coundon • Ground Floor Trades As Reds Hair & Beauty Paying £12,000 Per Annum • First Floor Flat Let At £600 A Month (Being £7 £7,200 Per Annum) • Price: Offers Around £285,000 £285,000
76/76A Barkers Butts Lane, Coventry, CV6 1DY
LOCATION
Store Room
The premises are prominently situated fronting Barkers Butts Lane in a busy neighbourhood shopping area close to the crossroads with Moseley Avenue (B4107). Situated in the Coundon area of Coventry, the property is located about 1.25 miles from the City Centre.
WC
2.67m² (29ft²)
Kitchen
5.41m² (58ft²)
Courtyard. Off is: Store Room
3.27m² (35ft²)
There is limited stay on-street parking to the front of the premises and a nearby local bus stop. TOTAL NET INTERNAL AREA DESCRIPTION
79. 79.86 M² (859 (859Ft²) 859Ft²)
The property forms part of an attractive terrace of similar units and is constructed principally of brick set beneath a series of pitched and flat roofs. There is a useful car parking area at the rear for perhaps 2/3 vehicles (approached via a private accessway).
FLAT (No. 76A) Ground Floor Entrance Hall accessed via a separate entrance off Barkers Butts Lane. Stairs to:
The ground floor lock-up shop unit currently trades as Reds Hair & Beauty. The large first floor self-contained flat currently provides for two bedrooms, however, subject to obtaining any necessary consents, there is considered scope to alter this to provide three. The flat also benefits from uPVC double glazing and gas central heating. Title details (boundaries, any rights of way, etc) to be confirmed by the Vendor’s Solicitors during the usual pre-contract enquiries.
First Floor Landing. Off are: Kitchen
3.66m (12’) max. x 3.65m (12’) max.
Shower Room with wc and wash hand basin Bedroom 1 5.45m (17’11”) x 3.94m (12’11”) plus 5.52m (18’2”) x 3.41m (11’2”) Lounge/Dining Room 4.90m (16’1”) max. x 4.44m (14’7”) max.
ACCOMMODATION Bedroom 2 All measurements are approximate and on a Net Internal Area Basis. SHOP (No. 76)
VAT 5.88m (19’3”) 8.99m (29’6”)
NET SALES AREA:
49. 49.74m² 74m² (535 (535ft²) 535ft²)
Further Sales Area
9.32m² (100ft²)
Treatment Room
9.45m² 45m² (102 (102ft²) 102ft²)
Lobby. Off are:
OUTSIDE OUTSIDE Car parking area (accessed from the Courtyard or approached via a private accessway at the rear) for perhaps 2/3 vehicles.
Ground Floor Retail Sales Area Internal Width (front): Shop Depth (max):
3.69m (12’2”) x 2.71m (8’11”)
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. Please note that at the time of preparation of these particulars (September 2016), the landlord had not elected to charge VAT on the rent/sale price.
76/76A Barkers Butts Lane, Coventry, CV6 1DY
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale. SERVICES All main services are understood to be available, subject to connection charges by the utility companies. Gas central heating to the shop and flat.
Prospective purchasers are recommended to make their own enquiries for verification LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333 VIEWING
No tests have been applied. By arrangement with:TENURE The premises are available freehold, subject to the occupational tenancies. Shop (No.76) The ground floor has traded for many years as Reds Hair & Beauty who have occupied the premises under an oral tenancy currently paying £1,000 a month (ie £12,000 per annum). Flat (No.76A) The flat is let on an Assured Shorthold Tenancy Agreement for a fixed term of twelve months with effect from 18 February 2017. The rent being paid is currently £600 a month (being £7,200 per annum). The shop and flat therefore provide for a total gross annual income of £19,200. PURCHASE PRICE Offers around £285,000. COSTS Each party to pay their own legal costs. RATING We understand from the Valuation Office Agency website that the current assessments are:76 Barkers Butts Lane (shop) Rateable Value:
£3,000
76A Barkers Butts Lane (flat) Council Tax Band A
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
76/76A Barkers Butts Lane, Coventry, CV6 1DY
Subject property for illustrative purposes only
• Comprising A Ground Floor LockLock-Up Shop Unit With A Large Two Bedroomed SelfSelf-Contained Flat Over And Useful Rear Parking Area • Prominently Situated Fronting The Busy Barkers Barkers Butts Lane Close To The Crossroads With Moseley Avenue In the Popular Coventry Suburb Of Coundon • Ground Floor Trades As Reds Hair & Beauty Paying £12,000 Per Annum • First Floor Flat Let At £600 A Month (Being £7 £7,200 Per Annum) • Price: Offers Around £285,000 £285,000
76/76A Barkers Butts Lane, Coventry, CV6 1DY
LOCATION
Store Room
The premises are prominently situated fronting Barkers Butts Lane in a busy neighbourhood shopping area close to the crossroads with Moseley Avenue (B4107). Situated in the Coundon area of Coventry, the property is located about 1.25 miles from the City Centre.
WC
2.67m² (29ft²)
Kitchen
5.41m² (58ft²)
Courtyard. Off is: Store Room
3.27m² (35ft²)
There is limited stay on-street parking to the front of the premises and a nearby local bus stop. TOTAL NET INTERNAL AREA DESCRIPTION
79. 79.86 M² (859 (859Ft²) 859Ft²)
The property forms part of an attractive terrace of similar units and is constructed principally of brick set beneath a series of pitched and flat roofs. There is a useful car parking area at the rear for perhaps 2/3 vehicles (approached via a private accessway).
FLAT (No. 76A) Ground Floor Entrance Hall accessed via a separate entrance off Barkers Butts Lane. Stairs to:
The ground floor lock-up shop unit currently trades as Reds Hair & Beauty. The large first floor self-contained flat currently provides for two bedrooms, however, subject to obtaining any necessary consents, there is considered scope to alter this to provide three. The flat also benefits from uPVC double glazing and gas central heating. Title details (boundaries, any rights of way, etc) to be confirmed by the Vendor’s Solicitors during the usual pre-contract enquiries.
First Floor Landing. Off are: Kitchen
3.66m (12’) max. x 3.65m (12’) max.
Shower Room with wc and wash hand basin Bedroom 1 5.45m (17’11”) x 3.94m (12’11”) plus 5.52m (18’2”) x 3.41m (11’2”) Lounge/Dining Room 4.90m (16’1”) max. x 4.44m (14’7”) max.
ACCOMMODATION Bedroom 2 All measurements are approximate and on a Net Internal Area Basis. SHOP (No. 76)
VAT 5.88m (19’3”) 8.99m (29’6”)
NET SALES AREA:
49. 49.74m² 74m² (535 (535ft²) 535ft²)
Further Sales Area
9.32m² (100ft²)
Treatment Room
9.45m² 45m² (102 (102ft²) 102ft²)
Lobby. Off are:
OUTSIDE OUTSIDE Car parking area (accessed from the Courtyard or approached via a private accessway at the rear) for perhaps 2/3 vehicles.
Ground Floor Retail Sales Area Internal Width (front): Shop Depth (max):
3.69m (12’2”) x 2.71m (8’11”)
All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. Please note that at the time of preparation of these particulars (September 2016), the landlord had not elected to charge VAT on the rent/sale price.
76/76A Barkers Butts Lane, Coventry, CV6 1DY
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any sale. SERVICES All main services are understood to be available, subject to connection charges by the utility companies. Gas central heating to the shop and flat.
Prospective purchasers are recommended to make their own enquiries for verification LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333 VIEWING
No tests have been applied. By arrangement with:TENURE The premises are available freehold, subject to the occupational tenancies. Shop (No.76) The ground floor has traded for many years as Reds Hair & Beauty who have occupied the premises under an oral tenancy currently paying £1,000 a month (ie £12,000 per annum). Flat (No.76A) The flat is let on an Assured Shorthold Tenancy Agreement for a fixed term of twelve months with effect from 18 February 2017. The rent being paid is currently £600 a month (being £7,200 per annum). The shop and flat therefore provide for a total gross annual income of £19,200. PURCHASE PRICE Offers around £285,000. COSTS Each party to pay their own legal costs. RATING We understand from the Valuation Office Agency website that the current assessments are:76 Barkers Butts Lane (shop) Rateable Value:
£3,000
76A Barkers Butts Lane (flat) Council Tax Band A
LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
76/76A Barkers Butts Lane, Coventry, CV6 1DY
Subject property for illustrative purposes only
