Property Information
Address:
74 & 74A Whitemoor Road, Kenilworth, Warwickshire, CV8 2BP
, CV8 2BP
Price: Property no longer available.
Size: 1353 sq ft125 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH655717
Property Ref/Agent: 74 & 74A Whitemoor Road, Kenilworth, Warwickshire, CV8 2BP - 495
*Please use the agent ref when calling the agent directly.
Property description
Description
Ground floor lock up shop and flat above
Location
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.
Services
Mains electricity and water are connected, but any interested party should satisfy themselves in this respect.
Tenure
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.
Planning
Ground Floor: Class E (formerly A1 Retail)
First Floor: C3 (Residential)
Rent
Price
Offers in excess of £325,000.
Rates
Ground Floor: The rateable value for the current year is £5,200.
First Floor: Council Tax band A
Legal Costs
Each party to bear their own costs incurred.
EPC
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%
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