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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)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £430,000.00 NA

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Contact agents

Simon Hain

EHB Reeves

01926 270083



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