109 Warwick Street comprises a 3-storey mid terraced Victorian building. The accommodation comprises a ground floor retail shop with ancillary office kitchen and WC accommodation plus basement storage. To the rear is a car park which can accommodate three or four vehicles if doubled up.
( Agency Pilot Software Ref: 438 )
Location
The subject property is located on Warwick Street, one of principal retail locations in the town centre. Nearby occupiers include Evans Cycles, Adecco and Pizza Hut. The building benefits from off street parking to the rear, accessed from Alveston Place.
Accommodation
Retail Area and Stores 575 sq ft (53.4sqm )
Basement Stores 187 sq ft (17.4 sq m )
First Floor Flat (GIA) 619 sq ft (57.5sq m )
Second Floor Flat (GIA) 525 sq ft (48.8 sq m )
Terms
Services Separate mains electricity, water and drainage supplies are connected.
Tenure The property is to be sold freehold, subject to a lease on the ground floor and basement. The tenant, Octubre 21st Ltd is a ladies fashion boutique, with two other stores in Alcester and Halesowen.
Price £XXX (plus VAT) for the freehold subject to the ground floor lease and with vacant possession of the two residential flats.
VAT We are advised that the property is VAT elected therefore VAT will be charged, with the sale via a TOGC.
Rates The rateable value for the current year for the ground floor shop is £XXX The two flats are both within Council Tax Band A.
Planning The building is Grade II Listed and in a Conservation Area
EPC To be advised Legal Costs Each party will be responsible for their own legal costs incurred in this transaction.
Specification
- Investment Producing £XXX per annum
- Ground Floor Lock Up Shop with two , one bedroom, residential flats above.
- Attractive Town Centre Location
- Active Management Potential