27, 27A and 27B, The Square, Kenilworth, Warwickshire CV8 1EF

** SOLD AT AUCTION - £395,000 **


**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 6th February 2025 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.

GUIDE PRICE: £395,000 to £425,000

** SOLD AT AUCTION - £395,000 **

Unique investment opportunity - Retail unit plus 2 x flats over 3 floors with a current rent payable of £33,000 p.a. The property benefits from recently fitted double glazing and electrical upgrades to both shop and flats, plus new central heating systems to both flats. Mixed commercial and residential investment opportunity in the heart of Kenilworth. Located on the main high street running through the town. Potential for other options such as dividing and separating the units, subject to title and leases

LOCATION
Positioned on the right hand side of the main high street going towards Abbey End, just past Station Road.

ACCOMMODATION
GROUND FLOOR
Retail unit (Nail Salon)
Approximately 725 sqft (67.5 sqm)
Rear independent access for flats
FIRST FLOOR - 27A
Hallway:
Lounge/kitchen: 18 ft 5 ft max x 17 ft 11 ft max
Bedroom: 11 ft 11 in x 9 ft 6 in
Bathroom:
Balcony:
SECOND FLOOR - 27B
Lounge/kitchen: 18 ft 1 in max x 17 ft 11 in max
Bedroom 1: 14 ft 3 in x 8 ft
Bedroom 2: 14 ft 2 in x 9 t
Bathroom:

OUTSIDE
Rear access for loading and access.

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

Gas central heating.

EPC RATING
Retail: D
27A: C
27B: C

COUNCIL TAX
27 B - A
27A - A

TENURE
Freehold subject to tenancies (2 x flats) and commercial Lease.

TENANCIES
Retail Lease:
Term: 17/04/2021 - 16/04/2033
Rent payable: £975 p.c.m
Assured Shorthold Tenancies:
Flat 27a:
Term: 12 months from 25/05/2024
Rent payable: £900 p.c.m
Flat 27b:
Term: 12 months from 17/01/2025
Rent payable: £875 p.c.m

ADDITIONAL COSTS
Administration Fee: £1,920 (£1,600 plus VAT)
Buyer's Premium: £1,200 (£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.