This local convenience parade situated in the delightful town of Kenilworth boasts an array of retailers and restuarants. An affluent location popular with commuters working in nearby Solihull and Coventry.
Location
Unit 59 is located in a busy parade of shops fronting Abbey End. Nearby retailers include Almanack Bar & Restaurant, Oxfam, Subway, and other strong independent retailers. The unit benefits from a rear dedicated service bay with pay and display car parking. This is an investment for sale and the business will remain unaffected
Accommodation
Ground Floor - 1,061 sq.ft (89.47 sq.m)
Terms
PRICE Offers of £295,000 plus VAT for the virtual freehold (999yr lease). No head rent will be payable.
TENANCY The property is let to a private individual operating a Post Office. The existing lease was renewed in 2019 for a term of 10 years without break and the current passing rent is £21,000 pax, exclusive. Further details are available on request.
RATEABLE VALUE £15,750. We suggest that all interested parties should verify the above with the Local Authority, as transitional relief may be applied to Rates Payable.
SERVICE CHARGE & INSURANCE £777.54 per annum
ENERGY PERFORMANCE The premises has an EPC rating of ‘C’ - 55. Valid until November 2031.
ANTI MONEY LAUNDERING In accordance with Anti-Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful applicant.
LEGAL COSTS Each party is responsible for their own legal costs incurred in this transaction..