92, 92B and 92C, plus freehold Barkers Butts Lane, Coundon, Coventry, West Midlands CV6 1DZ

**SOLD PRIOR TO AUCTION **

**IN THE ROOM AND LIVESTREAM**

To be sold via Public Auction on Thursday 19th September 2024 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: £190,000 to £210,000

**SOLD PRIOR TO AUCTION **

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 collection of ground rent only.

LEASES
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

ADDITIONAL INFORMATION
Administration Fee: £1,200 (£1,000 plus VAT)
Buyers 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.