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SOLD STC

33-35 Abbey End, Kenilworth, Warwickshire, CV8 1QJ

Guide Price
£575,000

£297.93 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

1,930 sq ft

179 sq m

SECTOR

High street retail property for sale

Key features

  • Self-contained High Street Unit
  • Let to a popular independent tenant
  • Affluent Suburb
  • Prominent location in the main shopping area of the town
  • Other Town Centre occupiers include Subway, Specsavers, Loungers (Fossato Lounge) and Waitrose.

Description

Location

Kenilworth is an affluent market town in Warwickshire. Located five miles from Warwick and Royal Leamington Spa, and six miles South of Coventry. 

Description

Unit 33-35 is located in a busy parade of shops fronting Abbey End. Nearby retailers include Loungers, Papa John's, Subway, and other strong independent retailers. The unit benefits from a rear dedicated service bay with pay and display car parking.


We are seeking offers of £575,000, exclusive, plus VAT for the virtual freehold (999yr lease).

Tenure Comments

The property is let to a private individual operating an all-day offer Café/Bar and Restaurant. The existing lease runs from May 2014 for a term of 21 years, without break, expiring in May 2035. The passing rent is £41,000 pax, exclusive. Further details are available on request.


EPC

The premises has an EPC rating of 'C'- 55, Valid until November 2031.


Service Charge Information

There is an annual service charge of £1,415 plus VAT.


Insurance

There is an annual insurance charge levied by the Landlord.

Planning

We understand the unit benefits from E Class planning use. Interested parties are advised to make their own enquiries.

VAT

VAT is applicable.

Legal Costs

Each party is to be responsible for their own legal costs incurred in this transaction.

Brochures

33-35 Abbey End, Kenilworth, Warwickshire, CV8 1QJ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kenilworth Station0.3 miles
  • Tile Hill Station3.6 miles
  • Warwick Station4.0 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 282FH. 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 Creative Retail, Birmingham. 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.

Map data ©OpenStreetMap contributors.

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