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Agent's details

74 and 74A Whitemoor Road, Kenilworth, Warwickshire, CV8 2BP

For sale: £325,000.00|1,353 Sq Ft|Retail - High Street, Residential, Retail

Property details

FOR SALE£325,000.00
SIZE1,353 Sq Ft
ADDRESS74 and 74A Whitemoor Road, Kenilworth, Warwickshire, CV8 2BP
TYPERetail - High Street, Residential, Retail
TENUREUnder Offer, For Sale Freehold
POSTED ON14th May 2022

Description

Description

Ground floor lock up shop and flat above

Location

The subject property is located on Whitemoor Road in a neighbourhood parade of shops in an attractive residential area to the east of Kenilworth town centre, which includes a number of complementary occupiers.

Kenilworth is an affluent Warwickshire market town, with Leamington Spa five miles to the south and Coventry lies six miles north east.

Services

Mains electricity and water are connected, but any interested party should satisfy themselves in this respect.

Tenure

The property is to be sold freehold with the benefit of a new 5 year FRI lease on the ground floor to Smithtons Limited at a rent of £16,500 per annum. The tenant is a specialist grocery store and deli, and Kenilworth is their third store in the Midlands.

The first floor flat is let on an Assured Shorthold Tenancy producing £520 per calendar month.

Total income is £22,740 per annum.

Planning

Ground Floor: Class E (formerly A1 Retail)
First Floor: C3 (Residential)


Rent

Price
Offers in excess of £325,000.

VAT
VAT will be payable on the purchase price.

Rates

Ground Floor: The rateable value for the current year is £5,200.
First Floor: Council Tax band A

Legal Costs

Each party to bear their own costs incurred.

EPC

74: C 62
74A: E 47

Attractive and Newly Refitted Deli to Ground Floor

Separate First Floor Residential Flat

Rental Income of £22,740 Per Annum

Located in a Busy Neighbourhood Parade

Offers in Excess of £325,000

Gross Initial Yield 7%






( Agency Pilot Software ref: 495 )

Location

marker
Location: 74 and 74A Whitemoor Road, Kenilworth, Warwickshire, CV8 2BP

Tile Hill (3.5 miles)

Canley (4.0 miles)

Warwick (4.1 miles)

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