Property for sale in 23 Upper Abbey Street, 1 And 2 Abbey Green, Nuneaton, Warwickshire CV11, £290,000

290,000.00

Offer Nr.:
66282790
Type of ad:
for Sale
Property type:
Property
Bathrooms:
3
Contact name:
Loveitts - Auctions
Phone(s):
024 7511 9137

**in the room and livestream**
To be sold via Public Auction on Thursday 8th February 2024 at 6: 30pm Village
Hotel, Canley, Coventry CV4 9GZ
Just turn up and no need to pre - register. You can also register for telephone,
proxy, internet bidding online.
Guide price: £290, 000 plus
Tenanted mixed commercial and residential investment opportunity, with current
rent payable of £37, 000 p. a. Ground floor 3 x retail units plus 3 x self
contained flats across first and second floor. Popular location within a
parade of retail units and eateries, close to Nuneaton town centre.
**Accommodation** 23 Upper Abbey Street:
Retail - Dessert café and takeaway.
First floor flat (No. 23a)
Kitchen: 18 ft 9 in max x 9 ft max
Living bedroom: 13 ft x 14 ft 8 in
Bathroom:
Second floor flat (No. 23b)
Kitchen: 5 ft 1 in max x 13 ft 4 in
Lounge: 12 ft 11 in x 13 ft 3 in
Bedroom: 7 ft x 13 ft 10 in
Bathroom.
1 & 2 Abbey Green Road:
No 1 Retail - Off Licence.
No 2 Retail - Events shop.
First floor flat (No. 1a)
Lounge/kitchen: 10 ft 6 in x 8 ft 10 in max
Bedroom: 9 ft 3 in x 13 ft 5 in
Bathroom:
**Outside** Pedestrian access to rear external staircase, leading to first
and second floor flats.
**EPC rating - All to be confirmed** Retail No 23: B
Retail No 1: D
Retail No 2: D
Flat No 1a: F
Flat No 23a: G
Flat No 23b: G
**council tax band - All flats Band A**
**tenure** Freehold subject to 3 x leases and 3 x tenancies.
**Residential tenancies** flat 1a - Assured Shorthold Tenancy
Term: 12 months from 10/11/23 Rent payable: £450 p. c. m
flat 23a - Assured Shorthold Tenancy
Term: 6 months from 20/04/23 (now rolling) Rent payable: £450 p. c. m.
Flat 23b - Assured Shorthold Tenancy
Term: 6 months from 02/05/23 (now rolling) Rent payable: £500 p. c. m.
**Commercial leases/tenancies** 23 Upper Abbey Street - Rent payable £8, 400
p. a.
5 years from 01/01/24
1 Abbey Green Road - Rent payable £6, 600 p. a.
20 years from 01/02/2020
2 Abbey Green Road - Rent payable £5, 200 p. a.
5 years from 31/10/2022
Further information can be found in the Legal Pack, or by contacting the
Auctioneers.
**Additional costs** Administration Fee: £1, 650 (£1, 375 plus VAT)
Please see the legal pack for any further costs.
**Tenure: ** See Legal Pack

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