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Agent's details

Brewsters Corner, Pendicke Street, Southam, Warwickshire, CV47 1PN

For sale: £1,000,000.00|Office, Retail - High Street, Offices, Retail

Property details

FOR SALE£1,000,000.00
ADDRESSBrewsters Corner, Pendicke Street, Southam, Warwickshire, CV47 1PN
TYPEOffice, Retail - High Street, Offices, Retail
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON5th December 2022

Description

Description

Retail, office and warehouse investment premises with development potential.

Location

Brewsters Corner is located in the heart of the market town of Southam, on Pendicke Street, and is identified on the attached street map. The location is predominantly residential property although there are a number of business premises and community based uses in the near vicinity. It is within walking distance of the town centre whilst being in easy reach of the Southam ring road and principal arterial roads providing access to nearby commercial centres such as Coventry, Leamington Spa, Rugby, Daventry and Banbury.

Services

All mains services with the exception of gas are connected to Brewsters Corner. The site has a number of electricity meters, some of which are the responsibility of the landlord and others the responsibility of the tenants. A schedule of services is available from the agents.

Tenure

The property is to be sold freehold subject to the existing lease and licence arrangements in place, details of which are attached on the tenancy schedule.

Planning

It is believed that Brewsters Corner will now fall within the Class E User Classes category.

Rent

Freehold Price: Offers based on £1,000,000.

Income
Gross current rental income (inclusive of servicing costs) of £91,976 per annum, with estimated total rental income (when fully let) of approximately £123,500 per annum (inclusive).

VAT
VAT is not applicable.

Rates

The rateable value for the current year is set out on the attached tenancy schedule.

Service Charge

Brewsters Corner is predominantly administered on an inclusive basis with the tenants' annual rent including a proportion of servicing costs to cover such items as utility consumption, cleaning and maintenance of common areas and the exterior, buildings insurance, refuse collection, and management fees. Tenants are responsible for meeting costs relating to business rates, data and telecoms.

An indicative annual servicing cost is £40,000 p.a.

Legal Costs

Each party will be responsible for their own legal costs incurred in the transaction.

EPC

To be advised.

Office, Retail and Warehouse Investment For Sale

Price: Offers Based on £1,000,000

Gross Income Currently £91,976 per annum with Potential Income of Approximately £123,500

Excellent Town Centre Location

Interesting Redevelopment Potential Subject to Planning Consent

Scope for Refurbishment of Offices

Good Onsite Car Parking



( Agency Pilot Software ref: 588 )

Location

marker
Location: Brewsters Corner, Pendicke Street, Southam, Warwickshire, CV47 1PN

Leamington Spa (6.8 miles)

Warwick (8.6 miles)

Warwick Parkway (9.9 miles)

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