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FREEHOLD INVESTMENT PROPERTY FOR SALE 233/233A WALSGRAVE ROAD COVENTRY CV2 4HH
• Prominently Situated Ground Floor Shop Unit With SelfSelf-Contained One Bedroomed Flat Over • Forming Part Of The Busy Ball Hill Shopping Area Comprising A Number Of Local And National Concerns • Ground Floor Let to Age UK At A Commencing Rental Of £8,000 Per Annum • First Floor Flat Let At £425 Per Calendar Month (Being £5,100 Per Annum) • Price: Offers Around £195,000
233/233a Walsgrave Road, Coventry, CV2 4HH
LOCATION
First Floor
The property forms part of the busy Ball Hill neighbourhood shopping area and is situated on the northern side of the busy A4600 Walsgrave Road amongst a variety of local and national concerns including Barclays, Greggs, William Hill, Tesco Express, etc.
Briefly comprising: Kitchen; Shower Room with WC; Bedroom; Lounge/Dining Room.
Coventry City Centre is approximately one mile distant.
OUTSIDE Rear Yard/Garden area (accessed from the rear of the shop and also a separate entrance from the side of the building off the main street). VAT
DESCRIPTION The premises are constructed principally of brick and effectively comprise a two-storey endterraced three (double) bedroomed house, which has been extended to provide a selfcontained retail unit at the side (predominantly arranged on the ground floor with some ancillary accommodation on the first), and a detached workshop/store at the rear. While the house and shop have separate entrances from the front, an accessway to the side of the property provides a route to the rear of the both, together with the workshop/store.
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 (March 2016), the landlord had not elected to charge VAT on the rent/sale price. 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
ACCOMMODATION All measurements are approximate and on a Net Internal Area Basis.
All main services are understood to be available, subject to connection charges by the utility companies. Gas central heating to the flat.
SHOP
No tests have been applied.
Ground Floor
TENURE
Retail Sales Area Internal Width: Shop Depth:
4.48m (14’8”) 8.02m (26’4”)
NET SALES AREA: REA:
35.93m² 93m² (38 (387 387ft²)
Store Room
15.22m² 22m² (1 (164ft²) 64ft²)
WC
TOTAL NET INTERNAL AREA 51. 51.15 M² (551 (551 Ft²) FLAT Accessed from the side of the building with an external metal staircase from the rear yard/garden area.
The premises are available freehold, subject to the occupational leases. Shop The ground floor is let to Age UK for a term of fifteen years with effect from 30 October 2015 on tenant’s effective full repairing and insuring terms. The commencing rental is £8,000 per annum. There are rent reviews/tenant’s break clauses on the fifth and tenth anniversaries of the commencement of the term. Flat The flat was let on an Assured Shorthold Tenancy Agreement for a fixed term of six months with effect from 7 September 2013, which now continues as a periodic tenancy. The rent being paid is currently £425 per calendar month (being £5,100 per annum).
233/233a Walsgrave Road, Coventry, CV2 4HH
The shop and flat therefore provide for a total gross annual income of £13,100 per annum. PURCHASE PRICE Offers around £195,000. COSTS Each party to pay their own legal costs. RATING We understand from the Valuation Office Agency website that the current assessments are:233 Walsgrave Road (shop) Rateable Value:
£6,900
233a Walsgrave Road (flat) Council Tax Band A 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
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.
VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
233/233a Walsgrave Road, Coventry, CV2 4HH
Subject property for identification purposes only
• Prominently Situated Ground Floor Shop Unit With SelfSelf-Contained One Bedroomed Flat Over • Forming Part Of The Busy Ball Hill Shopping Area Comprising A Number Of Local And National Concerns • Ground Floor Let to Age UK At A Commencing Rental Of £8,000 Per Annum • First Floor Flat Let At £425 Per Calendar Month (Being £5,100 Per Annum) • Price: Offers Around £195,000
233/233a Walsgrave Road, Coventry, CV2 4HH
LOCATION
First Floor
The property forms part of the busy Ball Hill neighbourhood shopping area and is situated on the northern side of the busy A4600 Walsgrave Road amongst a variety of local and national concerns including Barclays, Greggs, William Hill, Tesco Express, etc.
Briefly comprising: Kitchen; Shower Room with WC; Bedroom; Lounge/Dining Room.
Coventry City Centre is approximately one mile distant.
OUTSIDE Rear Yard/Garden area (accessed from the rear of the shop and also a separate entrance from the side of the building off the main street). VAT
DESCRIPTION The premises are constructed principally of brick and effectively comprise a two-storey endterraced three (double) bedroomed house, which has been extended to provide a selfcontained retail unit at the side (predominantly arranged on the ground floor with some ancillary accommodation on the first), and a detached workshop/store at the rear. While the house and shop have separate entrances from the front, an accessway to the side of the property provides a route to the rear of the both, together with the workshop/store.
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 (March 2016), the landlord had not elected to charge VAT on the rent/sale price. 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
ACCOMMODATION All measurements are approximate and on a Net Internal Area Basis.
All main services are understood to be available, subject to connection charges by the utility companies. Gas central heating to the flat.
SHOP
No tests have been applied.
Ground Floor
TENURE
Retail Sales Area Internal Width: Shop Depth:
4.48m (14’8”) 8.02m (26’4”)
NET SALES AREA: REA:
35.93m² 93m² (38 (387 387ft²)
Store Room
15.22m² 22m² (1 (164ft²) 64ft²)
WC
TOTAL NET INTERNAL AREA 51. 51.15 M² (551 (551 Ft²) FLAT Accessed from the side of the building with an external metal staircase from the rear yard/garden area.
The premises are available freehold, subject to the occupational leases. Shop The ground floor is let to Age UK for a term of fifteen years with effect from 30 October 2015 on tenant’s effective full repairing and insuring terms. The commencing rental is £8,000 per annum. There are rent reviews/tenant’s break clauses on the fifth and tenth anniversaries of the commencement of the term. Flat The flat was let on an Assured Shorthold Tenancy Agreement for a fixed term of six months with effect from 7 September 2013, which now continues as a periodic tenancy. The rent being paid is currently £425 per calendar month (being £5,100 per annum).
233/233a Walsgrave Road, Coventry, CV2 4HH
The shop and flat therefore provide for a total gross annual income of £13,100 per annum. PURCHASE PRICE Offers around £195,000. COSTS Each party to pay their own legal costs. RATING We understand from the Valuation Office Agency website that the current assessments are:233 Walsgrave Road (shop) Rateable Value:
£6,900
233a Walsgrave Road (flat) Council Tax Band A 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
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.
VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
233/233a Walsgrave Road, Coventry, CV2 4HH
Subject property for identification purposes only
