toletonlease 294-296 walsgrave road coventry cv2 4bl
294-296 Walsgrave Road, Coventry, CV2 4BL
TO LET ON LEASE 294-296 WALSGRAVE ROAD COVENTRY CV2 4BL
Double Retail Unit Previously Occupied As A Newsagents And Convenience Store Now To Be Refurbished And Available To Let On A New Lease Alternatively Considered Suitable For A Variety Of Other Business Uses Or Could Be Sub-Divided To Provide For Two Units Sales Area 112.39 m² (1,210 ft²) With Ancillary Stores Etc. Useful Rear Car Park Now To Be Resurfaced And Fenced With Proposed New Gated Access Part Of An Established Suburban Shopping Parade And Occupying A Busy Main Road Position
Rental - £23,000 per annum
294-296 Walsgrave Road, Coventry, CV2 4BL LOCATION
Kitchen
The subject premises are located in an area of mixed residential and commercial development on the eastern fringe of the busy Ball Hill neighbourhood shopping area, in the Middle Stoke district of Coventry.
Toilet comprising wash basin and wc
The property is situated on the northern side of the busy A4600 Walsgrave Road, and forms part of an established parade of shops, with rear vehicular access off neighbouring Burns Road. Limited on–street parking is provided to the immediate road frontage and otherwise on the neighbouring streets.
Bottle Store Net Internal Area Ground Floor
48
5.72
61
18.91
204
155.99
1,679
(All measurements are approximate and on a net internal area basis).
Alternatively the property offers potential for sub-division into two separately lettable shops. LEASE TERMS
DESCRIPTION The property comprises a mid-terraced, double fronted former newsagents shop and general convenience store, previously comprising two shops and now available on lease. The former store, which was also previously a National Lottery outlet, incorporates an aluminium retail shop front with a pay for withdrawals ATM machine currently (soon to be removed) and has recessed double entrance doors fronted by external shutters. Internally there is a suspended ceiling and other the property is considered to offer potential for various other A1 uses or possibly other uses subject to Local Authority consent. The accommodation is now to be refurbished and the rear parking area resurfaced and fenced with new double gates to be provided. ACCOMMODATION The premises are arranged on two floors as follows:-
The premises as a whole are available on the basis of a new effectively full repairing and insuring lease for a term of years to be agreed but a nine year term is proposed with a three yearly upward only rent review pattern. The commencing rental will be £23,000 per annum. Alternatively the Landlord may be prepared to split the unit to provide for two separately lettable shops, further details on application. LEGAL COSTS The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in connection with this transaction including the Stamp Duty on the counterpart lease and VAT as appropriate. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable. FIXTURES AND FITTINGS
Ground Floor M²
Ft²
112.39
1,210
Stock Room
6.01
64
Stock Room
8.51
92
Retail Sales Area
Further Stock Room
4.45
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the sale.
294-296 Walsgrave Road, Coventry, CV2 4BL LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333 RATES We are informally advised by the Local Authority that the current Rateable Value assessment is as follows:Rateable Value - £13,250 being described as ‘Shop and Premises’. Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. JRP/AW)
294-296 Walsgrave Road, Coventry, CV2 4BL
Subject property for illustrative purposes only
294-296 Walsgrave Road, Coventry, CV2 4BL 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.
TO LET ON LEASE 294-296 WALSGRAVE ROAD COVENTRY CV2 4BL
Double Retail Unit Previously Occupied As A Newsagents And Convenience Store Now To Be Refurbished And Available To Let On A New Lease Alternatively Considered Suitable For A Variety Of Other Business Uses Or Could Be Sub-Divided To Provide For Two Units Sales Area 112.39 m² (1,210 ft²) With Ancillary Stores Etc. Useful Rear Car Park Now To Be Resurfaced And Fenced With Proposed New Gated Access Part Of An Established Suburban Shopping Parade And Occupying A Busy Main Road Position
Rental - £23,000 per annum
294-296 Walsgrave Road, Coventry, CV2 4BL LOCATION
Kitchen
The subject premises are located in an area of mixed residential and commercial development on the eastern fringe of the busy Ball Hill neighbourhood shopping area, in the Middle Stoke district of Coventry.
Toilet comprising wash basin and wc
The property is situated on the northern side of the busy A4600 Walsgrave Road, and forms part of an established parade of shops, with rear vehicular access off neighbouring Burns Road. Limited on–street parking is provided to the immediate road frontage and otherwise on the neighbouring streets.
Bottle Store Net Internal Area Ground Floor
48
5.72
61
18.91
204
155.99
1,679
(All measurements are approximate and on a net internal area basis).
Alternatively the property offers potential for sub-division into two separately lettable shops. LEASE TERMS
DESCRIPTION The property comprises a mid-terraced, double fronted former newsagents shop and general convenience store, previously comprising two shops and now available on lease. The former store, which was also previously a National Lottery outlet, incorporates an aluminium retail shop front with a pay for withdrawals ATM machine currently (soon to be removed) and has recessed double entrance doors fronted by external shutters. Internally there is a suspended ceiling and other the property is considered to offer potential for various other A1 uses or possibly other uses subject to Local Authority consent. The accommodation is now to be refurbished and the rear parking area resurfaced and fenced with new double gates to be provided. ACCOMMODATION The premises are arranged on two floors as follows:-
The premises as a whole are available on the basis of a new effectively full repairing and insuring lease for a term of years to be agreed but a nine year term is proposed with a three yearly upward only rent review pattern. The commencing rental will be £23,000 per annum. Alternatively the Landlord may be prepared to split the unit to provide for two separately lettable shops, further details on application. LEGAL COSTS The ingoing tenant is to be responsible for the Landlord’s reasonable legal costs incurred in connection with this transaction including the Stamp Duty on the counterpart lease and VAT as appropriate. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT if applicable. FIXTURES AND FITTINGS
Ground Floor M²
Ft²
112.39
1,210
Stock Room
6.01
64
Stock Room
8.51
92
Retail Sales Area
Further Stock Room
4.45
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the sale.
294-296 Walsgrave Road, Coventry, CV2 4BL LOCAL AUTHORITY Coventry City Council Council House Reception Earl Street Coventry CV1 5RR Tel: 0500 834 333 RATES We are informally advised by the Local Authority that the current Rateable Value assessment is as follows:Rateable Value - £13,250 being described as ‘Shop and Premises’. Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref. JRP/AW)
294-296 Walsgrave Road, Coventry, CV2 4BL
Subject property for illustrative purposes only
294-296 Walsgrave Road, Coventry, CV2 4BL 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.
