Ground floor lock up shop and flat above
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.
Mains electricity and water are connected, but any interested party should satisfy themselves in this respect.
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.
Ground Floor: Class E (formerly A1 Retail)
First Floor: C3 (Residential)
Offers in excess of £325,000.
VAT will be payable on the purchase price.
Ground Floor: The rateable value for the current year is £5,200.
First Floor: Council Tax band A
Each party to bear their own costs incurred.
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 )