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COMMERCIAL

23 Upper Abbey Street, 1 and 2 Abbey Green, Nuneaton, Warwickshire CV11 5DN

Guide Price
£290,000
Loveitts, Coventry - Auctions
PROPERTY TYPE

Mixed Use

BEDROOMS

3

BATHROOMS

3

SIZE

Ask agent

Key features

  • **This property is currently available – Please contact the Auctioneers to register your interest**
  • PUBLIC AUCTION - in the room and livestream
  • Mixed use investment opportunity
  • Current rent payable £37,600 p.a.
  • 3 retail units plus 3 flats
  • Abbey Green Location
  • Ideal investment

Description

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

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 8th February 2024 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up and no need to pre-register. You can also register for telephone, proxy, internet bidding online.

passport.eigroup.co.uk/bidder-registration/loveitts

GUIDE PRICE: £290,000 plus

**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 café 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.

Tenure: See Legal Pack

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

23 Upper Abbey Street, 1 and 2 Abbey Green, Nuneaton, Warwickshire CV11 5DN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Nuneaton Station0.5 miles
  • Bedworth Station3.3 miles
  • Hinckley Station4.4 miles

About the agent

Loveitts, Coventry - Auctions

29 Warwick Row, Coventry, CV1 1DY

Loveitts, Coventry - Auctions

Loveitts are Coventry and Warwickshires leading Auctioneers, and are justifiably proud of their long and successful record of selling both residential and commercial properties “under the hammer”. Being part of the Nationwide group of Auctioneers, Auction House, Loveitts are able to provide National Coverage, Regional Expertise and Local Knowledge, with Loveitts having being established since 1843!

The firm immediately adapted to the Covid 19 pandemic by moving all bidding ONLINE. We ar

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 202311291521sq_dybq. 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 Loveitts, Coventry - Auctions. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Loveitts, Coventry - Auctions on 024 7542 7200.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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