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16-20 Queens Rd 810 sq ft Retail Unit Offered at £185,000 in Nuneaton CV11 5LF
Investment Highlights
- Prime retail position in Nuneaton town centre
- Air conditioning and security shutter installed
- Adjacent to nationally recognised occupiers including Greggs and McDonald's
Executive Summary
The property comprises a town centre retail building positioned on Queens Road, Nuneaton's principal retailing location. The ground floor provides retail accommodation, while the first and second floors are included within the title and are subleased for office and storage use. The building benefits from rear access, a car parking space and proximity to a range of national retailers, food operators and the Ropewalk Shopping Centre.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Owner Occupier | Tenure | Long Leasehold |
| Sale Type | Owner Occupier |
| Tenure | Long Leasehold |
Description
The available accommodation comprises a ground floor retail unit extending to 810 sq ft (75.25 sq m) on a net internal area basis. The space includes a main retail sales area, stock room, WC facilities and rear loading access. Specification includes suspended ceilings with LED lighting, air conditioning for heating and cooling, and an electric security roller shutter. The layout is suitable for a range of retail occupiers.
Sale Notes
The long leasehold interest in the property is available, subject to vacant possession of the ground floor, at an asking price of £185,000. Alternatively, the business is available by way of separate negotiation at a guide price of £75,000 to include stock, fixtures and fittings. If the business is not purchased, the vendor will require a delay between exchange and completion of approximately 12 weeks for a closing down sale.
The property is held long leasehold for a period of 150 years from 28 February 2007 (approximately 130 years unexpired) with a passing rent rent of £3,000 per annum. The Freeholder is Nuneaton & Bedworth Borough Council.
The first and second floors are included within the leasehold title and are subleased to McDonalds on a term expiring May 2063. We are advised that the passing rent is £3,000 per annum and there is a rent review due X.
The property is held long leasehold for a period of 150 years from 28 February 2007 (approximately 130 years unexpired) with a passing rent rent of £3,000 per annum. The Freeholder is Nuneaton & Bedworth Borough Council.
The first and second floors are included within the leasehold title and are subleased to McDonalds on a term expiring May 2063. We are advised that the passing rent is £3,000 per annum and there is a rent review due X.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 18 | 810 sq ft | Retail | £185,000 (£228.40/sq ft) | - |
Unit 18
| Unit Size |
| 810 sq ft |
| Unit Use |
| Retail |
| Price |
| £185,000 (£228.40/sq ft) |
| NOI |
| - |
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Unit 18
| Unit Size | 810 sq ft |
| Unit Use | Retail |
| Price | £185,000 (£228.40/sq ft) |
| NOI | - |
| Sale Type | Owner Occupier |
| Tenure | Long Leasehold |
| Description | |
| The available accommodation comprises a ground floor retail unit extending to 810 sq ft (75.25 sq m) on a net internal area basis. The space includes a main retail sales area, stock room, WC facilities and rear loading access. Specification includes suspended ceilings with LED lighting, air conditioning for heating and cooling, and an electric security roller shutter. The layout is suitable for a range of retail occupiers.</li></ul> | |
| Sale Notes | |
| The long leasehold interest in the property is available, subject to vacant possession of the ground floor, at an asking price of £185,000. Alternatively, the business is available by way of separate negotiation at a guide price of £75,000 to include stock, fixtures and fittings. If the business is not purchased, the vendor will require a delay between exchange and completion of approximately 12 weeks for a closing down sale. <br> <br> The property is held long leasehold for a period of 150 years from 28 February 2007 (approximately 130 years unexpired) with a passing rent rent of £3,000 per annum. The Freeholder is Nuneaton & Bedworth Borough Council. <br> The first and second floors are included within the leasehold title and are subleased to McDonalds on a term expiring May 2063. We are advised that the passing rent is £3,000 per annum and there is a rent review due X.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 21,441 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 5,553 sq ft |
| Property Subtype | Shopfront | Year Built | 1977 |
| Costar Property Class | B | Total Plot Size | 5.77 ac |
| Total Property Size | 21,441 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 5,553 sq ft |
| Year Built | 1977 |
| Total Plot Size | 5.77 ac |
Amenities
- EPC - D
- Roller Shutters
- Storage Space
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16-20 Queens Rd
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