For sale by auction on Thursday, 08 February 2024 at 18:30

Venue: Village Hotel, Dolomite Avenue, Coventry, CV4 9GZ

**This property is currently available ? Please contact the Auctioneers to register your interest**



Tenanted mixed commercial and residential investment opportunity, with current rent payable of ?37,000 p.a. Ground floor 3 x retail units plus 3 x self contained flats across first and second floor. Popular location within a parade of retail units and eateries, close to Nuneaton town centre.

ACCOMMODATION
23 Upper Abbey Street:

Retail - Dessert caf? and takeaway.

First floor flat (No. 23a)

Kitchen: 18 ft 9 in max x 9 ft max

Living bedroom: 13 ft x 14 ft 8 in

Bathroom:

Second floor flat (No. 23b)

Kitchen: 5 ft 1 in max x 13 ft 4 in

Lounge: 12 ft 11 in x 13 ft 3 in

Bedroom: 7 ft x 13 ft 10 in

Bathroom.



1 & 2 Abbey Green Road:

No 1 Retail - Off Licence.

No 2 Retail - Events shop.

First floor flat (No. 1a)

Lounge/kitchen: 10 ft 6 in x 8 ft 10 in max

Bedroom: 9 ft 3 in x 13 ft 5 in

Bathroom:

OUTSIDE
Pedestrian access to rear external staircase, leading to first and second floor flats.

EPC RATING - All to be confirmed
Retail No 23: B

Retail No 1: D

Retail No 2: D

Flat No 1a: F

Flat No 23a: G

Flat No 23b: G

COUNCIL TAX BAND - All flats Band A
TENURE
Freehold subject to 3 x leases and 3 x tenancies.

RESIDENTIAL TENANCIES
FLAT 1a - Assured Shorthold Tenancy

Term: 12 months from 10/11/23 Rent payable: ?450 p.c.m

FLAT 23a - Assured Shorthold Tenancy

Term: 6 months from 20/04/23 (now rolling) Rent payable: ?450 p.c.m.

FLAT 23b - Assured Shorthold Tenancy

Term: 6 months from 02/05/23 (now rolling) Rent payable: ?500 p.c.m.

COMMERCIAL LEASES/TENANCIES
23 Upper Abbey Street - Rent payable ?8,400 p.a.

5 years from 01/01/24

1 Abbey Green Road - Rent payable ?6,600 p.a.

20 years from 01/02/2020

2 Abbey Green Road - Rent payable ?5,200 p.a.

5 years from 31/10/2022



Further information can be found in the Legal Pack, or by contacting the Auctioneers.

ADDITIONAL COSTS
Administration Fee: ?1,650 (?1,375 plus VAT)

Please see the legal pack for any further costs.

Viewings

Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.