40 Castle Hill, Kenilworth, CV8 1NB
£685.48 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
620 sq ft
58 sq m
- SECTOR
High street retail property for sale
Key features
- Situated opposite Kenilworth Castle
- Centre 3-storey terraced
- 10 year FRI lease
- 2-storey living accommodation
- Income producing £24,000
- Rent Reviews every 3 years
- 620sqft retail premise
Description
Set within a row of local businesses, 40 Castle Hill is comprised of a 620sqft retail unit along with a two-storey duplex living accommodation above. The living accommodation is not self contained and access is through the internal retail premise.
40 Castle Hill is occupied in its entirety on a 10 year lease from August 2022 with 3-yearly reviews on an FRI basis. The going rent is currently £24,000 per annum for the whole, with potential for significant reversion and splitting of the residential and commercial units. The ground floor is comprised of 3 eating areas, reception, kitchen and toilet facilities.
Above, the residential element is formed of 2 bedrooms, an office, kitchen, bathroom, with the principal bedroom on the 3rd storey.
Location
40 Castle Hill, Kenilworth, is situated just a stones throw from Kenilworth Castle and is currently occupied by Time For Tea Prossers Ltd. The property is located directly opposite the castle and sits within a terraced block of SME units. Kenilworth Town Centre lies just 0.7km south-east of the property, with Coventry City Centre some 8 miles north.
40 Castle Hill benefits from tourism trade of Kenilworth Castle and the busy commuter passage through Clinton Road
Availability_text
The accommodation comprises the following areas:
Tenure
The entire property is currently let at £24,000 per annum on an FRI basis, with the exception of the windows and roof elements of the residential premise.
Potential for the purchase of the Time For Tea Prossers Ltd is also an option presented by Shepherd Commercial
Brochures
40 Castle Hill, Kenilworth, CV8 1NB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kenilworth Station0.8 miles
- Tile Hill Station3.2 miles
- Canley Station3.9 miles
About SHEPHERD COMMERCIAL, Solihull
50, St. Johns Close, Knowle, B93 0NN
About us: We are an independent firm of Commercial Property Consultants & Management Agents established in 2005 based in Knowle, Solihull in the West Midlands, specialising in all aspects of commercial property matters. Thriving on the deliverance of first class commercial real estate services, Shepherd Commercial manage commercial assets for a diverse portfolio of clientele We cover the entire Midlands regions, from Birmingham to Coventry and Solihull in between. Our commercial agents and te
Notes
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