3 Queens Road, Nuneaton, Warwickshire, CV11 5JL
A prominent freehold town centre retail investment in Nuneaton, Warks
Sold
Features
- AVAILABLE POST AUCTION
- The Current rent is £30,000 pax.
- The property enjoys a high level of footfall and is situated adjacent to HSBC Bank.
- To the ground floor is a substantial retail shop with a retail trading area of approximately 1,924 sq. ft. ( 178.90 sq m) and further retail space of 980 sq. ft. ( 91.10 sq m) to the first floor.
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 Boots. Other nearby occupiers include Next, McDonalds, Poundland, and Greggs.Description
The property comprises a prominent modern mid parade unit set over two floors. To the ground floor is a substantial retail shop with a retail trading area of approximately 1,924 sq. ft. ( 178.90 sq m) and further retail space of 980 sq. ft. ( 91.10 sq m) to the first floor. There are ancillary areas to both ground and first floors as well staff WC’s. The property enjoys a high level of footfall and is situated adjacent to HSBC Bank.
Price
Guide Price - £295,000+ Plus fee'sTenancy
The property is let to Waterstones Booksellers Limited (Company number 00610095) for a term of 3 years from 1st December 2022, expiring January 2026. The Current rent is £30,000 pax.Tenant Profile - Waterstones was founded in 1982 and operates from 280 bookshops and employ over 3,000 people. An average sized Waterstones shop will sell a range of approximately 30,000 individual books, stationary, other related products and some stores have integrated cafes. The company have kept up with e-commerce trends and operate their own online bookstore. For the year ended 25th April 2021 Waterstones Booksellers Limited reported a turnover of £230.9m.
VAT
We understand VAT is not 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.
