T O L E T (M A Y S E L L) 22 DEACON STREET NUNEATON, CV11 5SG
Detached Bungalow More Recently Trading As A Children’s Day Nursery With Ample Gated Parking Located In An Established Residential Area Within Easy Reach Of Nuneaton Town Centre Net Internal Area Totalling About 72.92 m² (785 ft²) With Scope For Extension Rent: £10,000 Per Annum/May Sell At Offers Around £160,000
22 Deacon Street, Nuneaton, CV11 5SG
LOCATION
SERVICES
The property is located in an area of mixed but predominantly residential development in the Chilvers Coton district of Nuneaton being easily accessed off Edward Street within a quarter of a mile of Nuneaton Town Centre with its attendant amenities.
Mains water, drainage, gas and electricity are understood to be installed to the property, subject to connection charges by the utility companies. A gas-fired central heating system is installed, comprising a Worcester Combi boiler together with hot water radiators.
The property is conveniently situated for access to the M6 Motorway (Junction 3), which is about 5 miles to the south via the A444 (which is less than half a mile distant), and M69 (Junction 1 about 6.5 miles east via the A5 trunk road). The unit is also well located for the wider Midlands Motorway Network (eg M1, M6toll, M42, etc) with Leicester City Centre about 21 miles (northeast), and Coventry and Birmingham approximately 10 miles (south) and 24 miles (west) respectively.
No tests have been applied.
Nuneaton railway station is about a mile distant with regular services to London Euston, etc. Nuneaton, which has a population of about 81,877, is the largest town in the Nuneaton and Bedworth Borough Council area, with a borough population of around 125,252 (2011 Census).
The premises are available to let on a new tenant’s full repairing and insuring lease for a term by agreement, but a six year lease, subject to an upward only rent review at the end of the third year, is suggested, at a commencing rental of £10,000 per annum. Alternatively, a sale may also be considered with vacant possession at offers around £160,000. Any letting or possible sale will be subject to the surrender of the current tenant’s lease. COSTS The incoming tenant is to pay all reasonable legal costs in respect of a letting, including Stamp Duty and VAT, if applicable.
DESCRIPTION The property comprises former bungalow premises most recently trading as a children’s day nursery. Constructed principally of brick set beneath a hipped tile roof the property also benefits from gated gravel parking at the side of the building. There is a lawned area at the rear together with a surfaced play area. ACCOMMODATION The single story accommodation briefly comprises: Entrance Porch; Inner Hallway; Cupboard; Disabled WC; Front Nursery Area; Middle Nursey Area including Kitchen; Children’s WC; Rear Lobby; Office; Rear Nursery Area. Summary of Floor Areas
Ground Floor
TENURE
Each party is to pay their own legal costs in the event of a sale. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable. At the time of preparation of these details (April 2018) the landlord had not elected to charge VAT on the rent. FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any letting/possible sale.
M²
FT²
ENERGY PEFORMANCE RATING
72.92
785
Rating C (70).
All measurements are approximate and on a Net Internal Area basis (excludes the Disabled Toilet, but includes the Children’s WC).
22 Deacon Street, Nuneaton, CV11 5SG
LOCAL AUTHORITY
NOTE:
Nuneaton and Bedworth Borough Council Coton Road Nuneaton Warwickshire CV11 5AA
Together with the adjacent property (in separate ownership), No. 24 (a detached bungalow), there is currently planning permission for the demolition of the two existing bungalows and the erection of 6 flats and two houses (Ref: 032373). If a sale of No. 22 would be entertained it may be possible to arrange a sale to also include No. 24 (subject of course to the adjacent owner’s agreement, who has informally suggested that a sale may be considered) – further details on request.
Tel: 024 7637 6376 RATES We are informally advised by the Local Authority that the current assessment is:Rateable Value (2017 List): £7,500 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. TOWN PLANNING/USE The premises are understood to have planning consent (Ref: 032510) for a children’s day nursery within Class D1 (non-residential institutions), but 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 Local Planning Authority as to whether planning permission is necessary for their proposed use.
VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail:
[email protected] (Ref. SRE)
22 Deacon Street, Nuneaton, CV11 5SG
Subject property for illustrative purposes only
22 Deacon Street, Nuneaton, CV11 5SG
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.