Commercial property for sale in Ufton Garage, Southam Road, Ufton, Leamington Spa, Warwickshire CV33, £895,000

895,000.00

Offer Nr.:
62790717
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
EHB Reeves
Phone(s):
01926 267862

* Freehold
* Very Well Established Vacant Car Sales Site
* Sales Forecourt, Storage and Offices
* Potential Site Proprietor's Residence
* Site Area of 0. 38 Acres
* High Profile Main Road Frontage on A425
* Great Potential for Redevelopment
* Currently Retail Unit and 2 Bedroom Bungalow Investment
* Investment Income of £17, 400 pa exclusive
Price reduction
A very well established car sales site with two workshops, and offices,
compound, car parking and display forecourt, shop unit, bungalow, double
garage and garden for sale freehold.
Development potential (subject to planning)
The Ufton Garage site is situated in the heart of the picturesque village of
Ufton, a most prominent location on the Southam Road (A425) almost midway
between Royal Leamington Spa and the market town of Southam. The site is
identified on the attached location plan.
All mains services are connected to the site. The garage benefits from three -
phase electricity. Each part has separate gas and electricity services and the
water main is sub - metered to the three constituent parts.
The property is to be sold Freehold, subject to vacant possession of the Ufton
Garage and subject to an expired commercial tenancy of the shop unit and
subject to a periodic assured shorthold tenancy of the bungalow.
The current rents are as follows: -
Shop £675 p. c. m exclusive
Bungalow £850 p. c. m exclusive
Freehold Price (Reduction)
Offers invited in excess of £895, 000 for the freehold interest.
The rateable values for the current year are:
Ufton Garage Site £10, 750
Shop Unit £3, 050
Council Tax
Bungalow Council Tax Band B
Each party will meet their own legal costs.
Ufton Garage Car Sales Unit C74
Shop C51
Bungalow E54
Very Well Established Vacant Car Sales Site
Sales Forecourt, Storage and Offices
Potential Site Proprietor's Residence
Site Area of 0. 38 Acres
High Profile Main Road Frontage on A425
Great Potential for Redevelopment
Currently Retail Unit and 2 Bedroom Bungalow Investment
Investment Income of £17, 400 pa exclusive

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