84 Heathcote Road, Whitnash, Leamington Spa, CV31 2LY

Description



The accommodation comprises a lock up shop with large display windows to the frontage to Heathcote Road and a two bedroom residential flat with roof garden above.

The ground floor has been used as a butchers for a great many years but is now vacant. A tiled front retail area leads to a secondary area which is currently fitted with a large walk in chiller (which can be removed), leading to a prep area with sink etc and WC facilities.

There is public parking to the front of the shop.

The principle details are as follows:-

Principle shop width 6.8m
Shop depth 5m
Retail Area 33.96 sq m (365 sq ft)
Storage and Chiller Area 16.99 sq m (183 sq ft)
Rear Prep Area 4.76 sq m (51 sq ft)
Rear WC, back door and pedestrian access to rear

The flat comprises the following:-

First Floor

Bathroom with wash hand basin, WC, bath and electric shower 1.92m x 1.7m
Landing storage cupboard
Front Bedroom One 3.11m x 4.1m
Front Bedroom Two 3.63m x 4.1m
Living Room/Dining Area 4.75m x 3.7m (with door to east facing roof garden)
Fitted Kitchen 2m x 4.2m



Location



Heathcote Road is one of the main arterial routes into Whitnash, with the surrounding area being mainly residential, but within close proximity to a large business park. The property itself is part of a very busy neighbourhood shopping parade, consisting of ten retail units. Other retailers on the parade include a Fish and Chip Shop, Dentist, Hairdressers and Beauticians, Barber, One Stop and a Post Office, plus others.



Services



All mains services are connected. The flat is heated by means of electric night storage heaters. The shop and flat have independent incoming services.



Tenure



The property is to be sold freehold subject to vacant possession of the ground floor retail unit and subject to an Assured Shorthold Tenancy in respect of the first floor flat which is currently let a monthly rent of £700.

It is the agents' opinion that the current open market rental value of the shop is £12,000 per annum.

VAT
The property is subject to the payment of VAT in respect of the retail premises.




Planning



Class E (ground floor)
Class C3 (in respect of the flat)



Rent



Price
Offers based on £300,000 for the freehold interest. VAT will be applicable in respect of the commercial element of the final sum agreed.



Rates



The rateable value for the current year is £4,600.
The flat has a Council Tax rating of B.



Legal Costs



Each party will be responsible for their own legal costs incurred in the transaction.



EPC



TBA



POTENTIAL RETAIL AND RESIDENTIAL INVESTMENT



Retail Area of 599 sq.ft (55.71 sq.m)



2-BEDROOM FLAT WITH ROOF GARDEN ABOVE



FLAT PRODUCING £8,400 PER ANNUM



Former Butchers Suitable for Other Uses



POTENTIAL SHOP INCOME OF £12,000 PER ANNUM



PRICE O.B.O £300,000 PLUS VAT



VERY BUSY TRADING LOCATION




( Agency Pilot Software ref: 584 )