Pair of prominent shops in the heart of England to feature in next Bond Wolfe auction

A pair of town centre retail premises in Nuneaton which both have strong trading tenants producing healthy rents are set to tempt investors in Bond Wolfe’s February auction.

The properties, which house Waterstones bookstore and the My Fone World mobile phone shop, are located in the prime pedestrianised trading location of Queens Road in the Warwickshire market town.

James Mattin, managing director agency at Bond Wolfe, said: “These premises house well-established businesses and generate strong rental income, which will make them both highly attractive to investors based both in the UK and overseas.

“We predict some highly competitive bidding when these lots come up for sale at our next livestreamed auction on Thursday, 9 February.”

The property at 3 Queens Road is listed with a guide price* of £295,000+ and currently generates rental income of £30,000 per annum.

Mr Mattin said: “This is a prominent modern mid parade property set over two floors. The ground floor is a substantial retail shop with a retail trading area of approximately 1,924 sq ft with further retail space of 980 sq ft on 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 with Claire’s Accessories, Next, McDonald’s, Poundland and Greggs nearby.”

The current three-year lease to Waterstones expires on 23 July this year.

1A Queens Road is also listed with a guide price of £295,000+ and currently generates £28,000 per annum in rental income.

A prominent corner property over two floors, the ground floor trades as My Fone World on the ground floor, with ancillary accommodation on the first floor. The company has a 15-year lease on the premises, due to expire in March 2030.

Nuneaton is a substantial market town with a resident population of 71,000 and is located approximately nine miles north of Coventry and 20 miles east of Birmingham, just a mile from the geographical heart of England.

The Queen Road premises will be among scores of properties appearing in Bond Wolfe’s next auction which is due to start at 9am on Thursday 9 February.

The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.

For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.