1-3, Clemens Street, Leamington Spa, Warwickshire CV31 2DW

** SOLD AT AUCTION - £290,500 **

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 13th July 2023 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.

passport.eigroup.co.uk/bidder-registration/loveitts

GUIDE PRICE: £265,000 to £275,000

** SOLD AT AUCTION - £290,500 **

Unique opportunity. Mixed use residential and commercial investment, with a current income of £29,880 p.a. Positioned on the outskirts of the town centre within a popular residential and retail area. Ideal investment opportunity, comprising a 3 bedroom (all with en-suites) flat above a convenience retail store.

ACCOMMODATION
RETAIL
20 ft x 20 ft 9 in
Storage:
W.C.
RESIDENTIAL
Dining, kitchen: 16 ft 9 in max x 10 ft 2 in max
Bedroom 1 plus en-suite: 11 ft 2 in 7 in
Bedroom 2 plus en-suite: 12 ft 10 in max x 8 ft 5 in max
Bedroom 3 plus en-suite: 9 ft 1 in x 8 ft 8 in

EPC RATING
Retail - C
Residential - C

COUNCIL TAX BAND
Residential - A

TENURE
Freehold subject to tenancies.

TENANCIES
RETAIL
Lease Agreement
Term: 01/02/2023 to 31/01/2025
Rent payable: £950 p.c.m.
RESIDENTIAL
Assured Shorthold Tenancy
Term: 01/09/2022 - 31/07/2023
Rent payable: £ 1,680 p.c.m. (11 months)
Subsequent Assured Shorthold Tenancy Term:
01/09/2023 to 31/07/2024
Rent payable: £1,575 p.c.m. (11 months)

ADDITIONAL COSTS
Administration Fee: £1,650 inc VAT (£1,375 plus VAT.)
Buyers Premium: £1,200 inc VAT (£1,000 plus VAT.)
Please see the legal pack for any further costs.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.