44 and 46 Heathcote Road, Whitnash, Leamington Spa, CV31 2NF

Description



A large detached house, with 24 garages, outbuildings and storage/workshop investment with great development potential, For Sale By Informal Tender 6th April 2023



Location



44 and 46 Heatcote Road sits in the heart of Whitnash, off the Heathcote Road, approximately 3 miles south of Leamington Spa town centre. The subject site is primarily in a residential location; however, the site sits immediately adjacent to a Sports and Social Club and open playing fields. There is a neighbourhood shopping centre within walking distance, providing key facilities.

The site is also very accessible to the principal commercial and industrial centres of both Leamington Spa and Warwick.



Services



All mains services are connected to the site. There are five electricity meters, one water meter and two gas meters to the site overall. It is believed that the site is connected to mains drainage off Heathcote Road.



Tenure



44 and 46 Heathcote Road is to be sold freehold subject to vacant possession of the house and all residential accommodation with a number of vacant commercial units, and subject to lease and licence arrangements in place with existing tenants. A separate schedule of occupation is available.



Planning



Planning consent was granted in 1985 for the construction of the detached house with a subsequent consent for the bedsit annexe extension in around 2012.

Within the aforementioned documentation there is reference to a builders yard being situated within the balance of the site.

The current commercial uses of the rear buildings have been in place for a considerable period of time and therefore it is considered that the uses have been established within this rear commercial area.



Rent



Tender
To be sold by informal tender - offers required by 12 noon, 6th April 2023. Details from the agents.

Purchase Price
Offers are invited in excess of £975,000.



Rates



The rateable value for the site and buildings currently stands at £34,250.

The Council Tax assessment for the house is Band E.



Legal Costs



Each party will meet their own legal costs.



EPC



The House, 44 Heathcote Road, Whitnash - EPC Rating: D 64

The House Rear Annexe - EPC Rating: C 73

No EPC Ratings exist in respect of the commercial elements due to the nature of their construction, lack of any form of heating, infrastructure or provisions for hot water, and in certain instances deemed unfit for occupation.

Contamination
The vendor has commissioned their own assessment of ground conditions, a desk top study and intrusive ground condition survey, the results of which will be made available to bona fide interested parties.




FOR SALE BY INFORMAL TENDER 6TH APRIL 2023



Site Totalling Approximately 0.9 Acres



Substantial Detached House, Range of Garages and Commercial Buildings



Potential for Both Residential and Commercial Development Subject to Planning Consent



Interesting Location Adjacent to Social Club, Playing Fields and Residential Housing



Currently Producing an Income of £35,500 Per Annum



Within a Short Walk of Shops, Library and Civic Hall



PRICE GUIDE: OFFERS ARE INVITED IN EXCESS OF £975,000




( Agency Pilot Software ref: 614 )