135 Queen Road

Nuneaton

CV11 5LD

*  COMMERCIAL INVESTMENT

*  BUSY SECONDARY TRADING AREA              

*  F.F. STORAGE/ANCILLARY AREA

 

 

 

 

 

 

Price reduced from £150,000 to

£135,000                                                  FREEHOLD

*  CONSENT FOR FAST FOOD

*  OUTLET OR RETAIL SALES

*  NEW 20 YEAR LEASE

 

 

 

LOCATION

The premises are situated in a prominent position fronting Queens Road being one of the main arterial accesses into Nuneaton Town Centre.  Nearby traders include a Post Office, Hairdresser, Prontaprint, Hardware, Lloyds Pharmacy, Newsagent, Opticians and a Bedding Centre.

 

The location is convenient for pedestrian access to Nuneaton Town Centre as well as recreational and educational facilities.

 

The property is situated adjoining numerous local businesses as well as other local businesses directly opposite.  The location is also convenient for pedestrian access to Nuneaton Town Centre.

 

DESCRIPTION

The premises provide a commercial investment opportunity with the two storey accommodation being the subject of a new 20 year lease, subject to 5 yearly rent reviews.

 

THE ACCOMMODATION COMPRISES:-

 

GROUND FLOOR

 

RETAIL SHOP

8.23m x 3.66m (27’ x 12’) having uPVC double glazed display window, fitted counter and ceramic tile floor.

 

KITCHEN/PREPARATORY ROOM

4.06m x 1.93m part 2.44m x 1.75m part (13’ 4” x 6’4”part 8’ x 5’9” part) being fully tiled and having Main Medway Super gas water heater, tiled floor and two fluorescent strip lights

 

FIRST FLOOR

Approached from an external staircase is:-

 

ENTRANCE HALL

 

SHOWER ROOM

With shower tray, electric shower unit over and uPVC obscure double glazed window

 

SEPARATE TOILET

Having low level w.c. suite, wash hand basin and uPVC double glazed window

 

KITCHEN

1.83m x 3.66m (6’x 12’) having stainless steel single drainer sink unit, base units with contrasting work surfaces and uPVC double glazed window.

 

STORAGE ROOM 1

4.39m x 3.81m (14’5” x 12’6”) with access hatch to loft

 

STORAGE AREA  2

1.93 m x 3.66m (6’4” x 12’) having two uPVC double glazed windows

 

OUTSIDE

There is an external low level w.c. with wash hand basin and cold water tap, terrazzo tiled floor suitable for use with the retail unit.  A covered way provides access to:-

 

STOREROOM

3.12m x 1.90m (10’3” x 6’3”)

 

TENURE

The property is available freehold, subject to the following:-

A new full repairing and insuring lease commencing 1^st November 2007 and ending 31^st October 2027, subject to Rent Reviews in the 5^th year at an initial rental of £9,000 per annum exclusive.

 

RATING ASSESSMENT

From verbal enquiries only we are advised of the following:-

 

Ground floor retail area                        

Rateable Value                                £4,000.00                  2007/2008

Rates Payable                                   £1,776.00                  2007/2008

UBR                                                    0.444 in the £     2007/2008

                                                             (excluding Small Business Rate Relief)

 

These figures have been obtained by verbal enquiries only from Nuneaton and Bedworth Borough Council and prospective purchasers are recommended to make their own enquiries.

 

LOCAL AUTHORITY

Nuneaton and Bedworth Borough Council, Town Hall, Coton Road, Nuneaton, CV11 5AA  -  Telephone 024 76 376376

                                                      

PURCHASE PRICE

Offers in the region of £135,000 for the benefit of the freehold interest subject to the existing lease.

 

VIEWING

Strictly by prior appointment through the sole agents MESSRS COURSE & SHELTON,

INDEPENDENT ESTATE AGENTS AND SURVEYORS

 MISREPRESENTATIONS ACT 1967

 

Messrs. Course & Shelton, for themselves and for the vendors or lessors of these properties whose agents they are give notice that

 

(i)       The particulars are set out as general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;

(ii)      All descriptions, dimensions, references to condition and necessary permissions for the use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

     (iii)     No person in the employment of Messrs. Course & Shelton has an

               authority to make or give any representation or warranty whatever in 

               relation to these properties.