18 Poplar Road, Bishops Itchington, Southam, CV47 2RQ
not specified / Other / Mixed Use
For Sale
- £430,000.00
Available - Last updated: 24 April 2024
Description
Mixed use investment comprising hairdressing salon, Parish Council Office and three-bedroom apartment.
Location
Poplar Road sits in the heart of the Warwickshire village of Bishops Itchington, within the Stratford Upon Avon district. Located approximately 8 miles south east of Royal Leamington Spa, 4 miles south west of the market town of Southam, 9 miles from Banbury and 18 miles from Stratford Upon Avon. This strategically placed village is only 2 miles from access onto the M40 motorway at Gaydon and is identified on the attached location map.
Services
Mains water, drainage and electricity are connected to the building, the commercial accommodation being separately metered to the first floor flat. Heating is electric throughout. The hairdressing tenant has installed air conditioning.
Tenure
Freehold, subject to the lease details set out above.
The ground floor retail and office accommodation:
Lease Term: 10 years
Rent: £10,200 per annum exclusive payable monthly in advance
Biannual rent reviews
Internal repairing and insuring terms
Lease not excluded from the 1954 Landlord and Tenant Act
Current sublease of part (the independent office accommodation) to Bishops Itchington Parish Council
First Floor Apartment
Currently let subject to an assured shorthold tenancy agreement at a rent of £725 per calendar month.
Planning
Ground Floor: Class E
First Floor: Class C3
Rent
Total Rental Income: £18,900 per annum, exclusive.
Rates
The ground floor shop rateable value for the current year is £9,500.
The ground floor office rateable value for the current year is £2,650.
The flat council tax band is B.
Legal Costs
Each party will meet their own legal costs.
EPC
Shop EPC:
Apartment EPC: E-39 (valid until July 2030).
REDUCED PRICE Offers Invited Based on £430,000
CURRENTLY PRODUCING £18,900 Per Annum Exclusive
Substantial Period Village Building With Rear Garden and Car Parking
Currently Fully Occupied
Hairdressing Salon, Parish Council Offices and 3 Bedroom Apartment
Four On Site Car Parking Space
( Agency Pilot Software ref: 649 )
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£430,000.00
| NA |
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