23 Upper Abbey Street, 1 and 2 Abbey Green, Nuneaton, Warwickshire CV11 5DN

** SOLD PRIOR ***

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 11th July 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.

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

GUIDE PRICE: £280,000 plus

** SOLD PRIOR**

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.

SERVICES
Mains electricity, gas, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)

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.

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