Mixed use for sale
Property description & features
- Tenure: Freehold
- In room and livestream auction
- Mixed use investment
- 2 x retail plus long leasehold
- Prominent location
- Yield circa 10%
- Within a parade of shops
For sale by In-room auction on 19-09-2024 at 06:30 PM.
To register for legal packs and bidding instructions please visit our website.
Freehold investment opportunity, mixed use, comprising 2 x retail units plus long lease flat above. Current rent payable £20,600 p.a. providing for a yield of circa 10% Prominent location on the corner of Moseley Avenue and Bakers Butts Lane.
ACCOMMODATION
RETAIL UNIT 92B+C
Physiotherapist (Elite)
Ground floor retail plus first floor area circa 126 sqm/1356 sqft (Information from VOA office)
RETAIL UNIT 92
Charity shop (Sue Ryder)
Ground floor area circa 61 sqm/656 sqft (information from VOA office)
FIRST FLOOR FLAT
2 bedroom flat
OUTSIDE
On street parking.
TENURE
Freehold subject to leases.
Leasehold flat - collection of ground rent only
LEASE INFORMATION
No.92: Retail - Sue Ryder
Term: 6 years from 25/03/2020 - 24/03/2026
Amount payable: £8,000 p.a.
Rent review: 25/03/2025
In occupation since 2009
No.92A: Flat
Leasehold, (Collection of ground rent only)
Term: 125 years from 21/04/2022 - 20/04/2147
Ground Rent: £100 p.a.
No.92B&C: Retail - Elite
Term: 6 years from 24/08/2022 - 23/08/2028
Amount payable: £12,500 p.a.
Rent review: 24/08/2025
Further Info
Local Authority: Coventry City Council
Tenure: Freehold
Council Tax: TBC
Current Yield: 10%
Additional Fees
Buyers Premium: £1200.00 Inc VAT, payable on exchange of contracts.
Administration Charge: £1200.00 Inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Places of interest
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