Commercial Property for sale

Abbey Street, Nuneaton, Warwickshire, CV11 5BP

Sold STC £375,000

Property Description

Key features

  • COMMERCIAL INVESTMENT
  • *GUIDE PRICE: 375,000 +

Full description

Tenure: Freehold

AVAILABLE - £405,000 For Sale by Public Auction on 26/09/2018

Location:
The property is located in the town centre within close proximity to Abbeygate and Ropewalk Shopping Centres.

Description:
A 2 storey commercial property of approximately 2,573 sqft with gaming centre on the ground floor and offices/stores above. The ground floor
has recently been refurbished to a high standard.

Accommodation:
Ground Floor:
Sales area, kitchen.
GIA: 1,421 sqft (132.03 sqm)

First Floor - Front:
GIA: 960 sqft (89.19 sqm)

First Floor - Rear:
GIA: 192 sqft (17.83 sqm)

Total GIA: 2,573 sqft (239.05 sqm) approx.

Outside:
Small rear yard.

Planning
Currently used as a Spin Gaming Centre.
Potential to convert upper floors to residential, subject to planning.
Local Authority: Nuneaton & Bedworth Borough Council (02476) 376328.

Note
6 weeks extended completion if required.

Tenure
Freehold, subject to existing lease.
The property is let to Ladbrokes for 15 years from 04.08.11 at £35,000 pax with 5 yearly rent reviews. The lease is on FRI basis, subject to a schedule of conditions.
Tenant only break clause on 04.08.21.

Energy Performance Certificate:
Rating 72, Band C.

Solicitors
Freeths LLP, Cardinal Square, 2nd Floor, West Point, 10 Nottingham Road, Derby DE1 3QT
Tel: (0845) 077 9659 ~ Ref K Ravailia


Nearest stations

  • Nuneaton (0.3 mi)
  • Bedworth (3.1 mi)
  • Hinckley (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Shonki Brothers Ltd, Leicester - Auctions

85 Granby Street Leicester LE1 6FB

0116 452 0393 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 stations

  • Nuneaton (0.3 mi)
  • Bedworth (3.1 mi)
  • Hinckley (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Shonki Brothers Ltd, Leicester - Auctions

85 Granby Street Leicester LE1 6FB

0116 452 0393 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 77138. 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 Shonki Brothers Ltd, Leicester - 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.

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*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.”

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 Shonki Brothers Ltd, Leicester - Auctions on 01162 543373.


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