5-6 Market Place, Nuneaton, Warwickshire, CV11 4EA
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Prime Freehold retail investment opportunity
- Substantial retail unit 29,051 sq. ft.
- Let to Poundland Ltd on a new 5 year lease
- Passing rent - £90,000 per annum
- Guide Price - £1,200,000, equating to a net initial yield of 7.08%
Description
Offers in the region of £1,200,000 are sought for the Freehold interest , equating to a net initial yield of 7.08%, after purchasers costs of 5.92%.
A Freehold Retail Investment Opportunity
A 100% prime retail investment on the pedestrianized section of Market Place, comprising 29,051 square feet of well configured and flexible retail accommodation let to Poundland Ltd.
Location
Nuneaton is an historic market town located in the county of Warwickshire, approximately 24 miles east of Birmingham and 9 miles north of Coventry.
Motorway access to the town is extremely good, being 5 miles north of the M6 Junction 3 and having good links to the M69, M1 and M42 motorways.
Rail services to London Euston are available in approximately 1 hour 12 minutes.
Major facilities include Ropewalk Shopping Centre and the Abbeygate Shopping Centre.
The property is prominently located on Market Place in the heart of the town centre. It's prime location is close to retailers including strong footfall drivers such as Boots, , Superdrug, Caffe Nero, F Hinds Jeweller's and Specsavers.
Tenure
Freehold, subject to the existing tenancy.
Tenancy
The property is let to Poundland Ltd on a new 5 year lease from 24th June 2023, at a passing rent of £90,000 per annum.
VAT
We are advised that VAT is applicable to the purchase price, although the sale is likely to be treated as a TOGC.
Business Rates
£105,000.
EPC
Available upon request.
Anti Money Laundering
In accordance with mandatory anti-money laundering regulations, two sources of identity and proof funds will be required from the successful purchaser.
Energy Performance Certificates
EPC 1Brochures
5-6 Market Place, Nuneaton, Warwickshire, CV11 4EA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nuneaton Station0.3 miles
- Bedworth Station3.0 miles
- Hinckley Station4.1 miles
About Bond Wolfe, Commercial Sales
1st Floor 75-77 Colmore Row Birmingham B3 2AP
Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.
We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow
Notes
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