Mixed Use for sale

Vivian House, 21 Market Hill, Southam, Warwickshire, CV47 0HF

Guide Price £300,000

Property Description

Commercial information

  • Use class orders: B1 Business and D1 Non-Residential Institutions

Key features

  • For sale
  • Freehold investment opportunity
  • Prominent Georgian building
  • Comprising offices/dental practice over lower ground, ground and first floors
  • With independently let upper floor flat
  • Current income: 19,640 per annum
  • (The lower ground floor is currently let rent free but tenant is responsible for service charge and sinking fund payment)

Full description

Tenure: Freehold

Location

Southam is an attractive market town located approximately 8 miles to the east of Leamington Spa and 10 miles west of Daventry. Other centres, including Coventry (12 miles) and Banbury (13 miles) are also within easy travelling distance. Junction 12 of the M40 is within 5 miles and Junction 16 of the M1 is approximately 17 miles.

The town centre is focused upon High Street and Market Hill, with a mix of commercial retail and leisure uses, whilst the main industrial area is located immediately to the south of the town. Originally comprising the Kineton Industrial Estate, this area has now expanded considerably providing further employment opportunities within the town.

Vivian House stands prominently at the junction of Market Hill with Park Lane, with public car parking to the forecourt area. The Church yard is to the rear. The building is Listed and stands within a conservation area.

Description

This prominent Listed Georgian building with cream painted, cement rendered elevations with a pitched tiled roof provides office and dentist accommodation at lower ground, ground and first floor level, with an independent top floor flat currently let by way of an Assured Shorthold Tenancy. Communal hall, stairs and landings run through the centre of the building, with access from Park Lane. A further elegant entrance faces Market Hill and provides access to the front ground floor offices.

The ground and first floors are let to a Dental Practice and the top floor 2-bedroomed flat under an Assured Shorthold Tenancy. The lower ground floor is occupied by a Charity and is not currently income producing but the tenant pays outgoings.

The building has attractive period features and is well appointed with gas central heating boilers for the individual floors and good toilet and kitchen facilities.

Services

All mains services are connected to the building.

Sinking Fund

The sinking fund is currently 1,000 per annum split on the same proportions as the service charge. The exterior of the property has just been redecorated, funded by the sinking fund.

Rating Assessment

Lower Ground Floor
Rateable Value: 4,850

Ground & First Floor
Rateable Value: 11,250

Council Tax Band
B

EPC

The building is Listed and therefore exempt.

Flat 1: E, 40

Viewing

Strictly by prior arrangement through Reeves & Partners.


More information from this agent

Nearest station

  • Leamington Spa (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Reeves & Partners Limited, Warwickshire

Reeves & Partners Ltd 2 Euston Place Leamington Spa Warwickshire CV32 4LE

01926 937018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Leamington Spa (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Reeves & Partners Limited, Warwickshire

Reeves & Partners Ltd 2 Euston Place Leamington Spa Warwickshire CV32 4LE

01926 937018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference VivianHouseSoutham. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Reeves & Partners Limited, Warwickshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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