Commercial property for sale in 27, The Square, Kenilworth CV8, £475,000

475,000.00

Offer Nr.:
65596510
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Sheldon Bosley Knight
Phone(s):
01386 324884

* Freehold
* Fantastic Investment Opportunity
* Total Passing Rental: £31, 200
* Gross Yield: 6. 5%
* Kenilworth Town Centre
* 159. 12m2 (1712 ft2) gia
27, The Square is offered for sale as a mixed use freehold investment. It
comprises a ground floor shop and separately accessed residential apartments
set over ground, first and second floors.
It is prominently situated in the heart of Kenilworth's town centre and near
to all local, retail, leisure and cultural amenities.
**Location**
Kenilworth is a historic town located in Warwickshire, best known for its
medieval castle, Kenilworth Castle, which played a significant role in English
history. Due to its historical significance, Kenilworth attracts tourists
interested in exploring its medieval castle and the town's charming streets
and offers a range of amenities, including shops, restaurants, parks, and
recreational facilities, making it a pleasant place to live and visit.
**Investment**
Commercial:
The property is let to Five Star Nails on a 12 - year iri lease with a current
passing rent of £10, 500, Increasing to £11, 700 in April 2024. The lease is
understood to have the benefit of the Landlord and Tenant Act 1954.
Residential:
Flat 27a is let on a periodic Assured Shorthold Tenancy with a passing rent of
£10, 800 per annum
Flat 27b is let on a periodic Assured Shorthold Tenancy with a passing rent of
£9, 900 per annum
Total Passing Rental: £31, 200
Gross Initial Yield: 6. 56%
**Accommodation**
Ground Floor Retail: 67. 37m2 (725ft2)
Flat 27 A : 39. 68m2 (427ft2)
Flat 27 B: 52. 07 m2 (560ft2)
Total: 159. 12m2 (1712ft2)
**Business Rates**
Business Rates: £12, 500
All enquiries should be made to Warwick District Council on or visit
**Epc**
Commercial EPC - D
27a, The Square (Residential) - C
27b, The Square (Residential) - D
**Services**
It is understood that gas, electric, water and foul water drainage are
connected to the property. All interested parties are advised to make their
own enquiries with the suppliers to ensure continuity of supply.
**Legal Costs**
Each party will be responsible for their own legal costs associated with the
property.
**Viewing**
To arrange a viewing please contact the commercial Team on or
**Important Notes**
We are required by hmrc to conduct anti - money laundering checks on all parties
with an interest in the property and accordingly we will require forms of
identification in due course. Particulars: These Particulars do not constitute
an offer or contract and should not be relied upon as being factually
accurate, the photographs show only part of the property and the areas,
measurements and distances given are approximately only. A buyer or a lessee
must make their own enquiries or inspections and should not solely rely on
these Particulars or other statements by Sheldon Bosley Knight. VAT: The VAT
position relating to the property may change without notice.

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