1A Queens Road, Nuneaton, Warwickshire, CV11 5JL
Prominent freehold town centre retail investment in Nuneaton, Warks
Sold
Features
- AVAILABLE POST AUCTION
- The property comprises a prominent modern corner property set over two floors
- The property is situated in a prime pedestrianized trading location
- The current passing rent is £28,000 per annum
Location
Nuneaton is a substantial market town with a resident population of 71,000 and is located approximately 9 miles North of Coventry and 20 miles East of Birmingham. The property is situated in a prime pedestrianized trading location on Queens Road in Nuneaton town centre adjoining Claire’s Accessories, HSBC and Waterstones. Other nearby occupiers include Next, McDonalds, Poundland, and Greggs.Description
The property comprises a prominent modern corner property set over two floors. On the ground floor is a retail area currently trading as a mobile phone shop with ancillary accommodation to the first floor. The property enjoys a high level of footfall and is situated between Boots Opticians and Claire’s Accessories.
Price
Guide Price - £295,000+ plus feesTenancy
The property is let to My Fone World Ltd (Company Number 08864904) from 17/3/2015 for a term of 15 years, expiring 16/3/2030 . The current passing rent is £28,000 per annum and there are rent reviews every 5th anniversary throughout the term of the lease.VAT
We understand that VAT will not be applicable on this transaction.Additional Information
Auctioneer's Note -Please note offers may be considered prior to the Auction Sale.
Remote Bidding Auction -
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
