128 Abbey Street, Nuneaton, Warwickshire, CV11 5BZ

Location

The property is situated by Abbeygate Shopping Centre, in the heart of Nuneaton, which is the largest town in the Nuneaton & Bedworth Borough area with a borough population of 125,252 (2011 census). Neighbouring occupiers include several local and national operators, and the premises are also well located for all other town centre amenities (including bus and railway stations). Nuneaton is approximately 9 miles north of Coventry and 20 miles east of Birmingham.

Description

The property comprises a three-storey mid parade commercial property situated along the pedestrianised Abbey Street. There is a retail shop to the ground floor with ancillary accommodation to the first and second floors. The entire property is let to a charity on a renewed lease.

Price

Guide price is 155,000+

Tenancy

The entire property is let to People Potential Possibilities on a renewed lease from 3rd October 2022, expiring 2nd October 2025. The passing rent is £15,500 plus Vat per annum and there is a tenant option to determine on 2nd October 2024.

VAT

We are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.

EPC

Available upon request

Legal Costs

Each party to be responsible for their own legal costs

Anti Money Laundering

In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.