Retail Property (high street) to rent3 Harefield Road Nuneaton CV11 4HA
Removed £14,000 pa| £1,167 pcm
- Town Centre Retail Shop Premises
- Upper Parts Offering Conversion Potential
- Available Freehold Or On Lease
- Forming Part Of The Pedestrianised Town Centre
- Prominent Position
- Close To The Bus Station And Market Place
- Rent Reduced From £18,500pa For Immediate Letting
The property comprises modern three storey commercial premises available on lease or to acquire freehold with potential in these circumstances to convert the upper parts to provide for residential accommodation subject to Local Authority consent.
ACCOMMODATION The premises are arranged as follows:- GROUND FLOOR Retail Sales Incorporated studded rear storage area having dumb waiter and with staircases access to first floor accommodation; also with recessed front entrance door to retail shop front having external shutter FIRST FLOOR Storeroom/Office With dumb waiter and staircase access to second floor accommodation; also with ladies and gents w.c. facilities installed together with small kitchen area. SECOND FLOOR Storage
LEGAL COSTS In the event of a lease the ingoing tenants will be responsible for the Landlord's legal costs incurred in connection with the transaction, including the Stamp Duty payable on the counterpart lease. In the event of a freehold sale both parties will be responsible for their own legal costs.
LOCATION The subject property is located close to the commercial pedestrianised heart of Nuneaton and fronts a busy thoroughfare which links Nuneaton Bus Station with the town's Market Place. Nearby retailers include Argos and Boots, and Nuneaton's Debenhams Department Store is at the Abbey Gate Shopping Precinct and so close by. In addition there are a number of pay-and-display car parks in close proximity.
Rental £14,000 per annum
RATING ASSESSMENT We understand from the Valuation Office Agency website that the property is listed as Shop and Premises' with a Rateable Value of £19,500. Prospective occupiers are recommended to make their own enquiries with the Local Authority for verification.
LEASE TERMS Alternatively the premises are available on the basis of a new full repairing and insuring lease for a term of years to be agreed but a minimum three year lease term is required at a commencing rental of £14,000 per annum (reduced from £18,500 per annum for immediate letting).
TENURE The property is available freehold with vacant possession on completion. PURCHASE PRICE £185,000
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