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Floorplan
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    Key features

    • Freehold Town Centre Retail Investment with Residential Ground Rent
    • Comprising a shop with flat above (sold off)
    • Well located in the town centre
    • Shop tenant is holding over, providing asset management oppotunities
    • Investment let at £8,050 p.a. (8.94% GIY on Guide Price)

    Description

    The property comprises a ground floor retail unit together with a self-contained residential flat arranged over the first and second floors (sold off on a long lease).

    Additional information

    Tenure

    Freehold

    Accommodation

    14 The Square - 34.4 sq m (370 sq ft)

    14A The Square - 47 sq m (506 sq ft)

    Total - 81.4 sq m (876 sq ft)

    Tenancy

    The ground floor shop is occupied by Graham Shaw and Marian Shaw at a rent of £8,000 per annum. The original lease was for a term of seven years from 25 March 2017.


    The first and second floor residential accommodation is held on a 999-year lease from 25 December 1993 at a ground rent of £50 per annum.


    Total Rents £8,050 per annum

    Rent

    £8,050 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property occupies a prominent town centre position on The Square in the heart of Kenilworth, close to the junction with Abbey End and within the town's principal commercial area.


      The surrounding area comprises a mix of retail, leisure and commercial uses together with established residential accommodation.

      Transport

      Rail - Kenilworth railway station provides regular services towards Coventry and Leamington Spa, with onward connections to the wider national rail network.

      Bus- The town is also served by a number of bus routes, providing connections to Coventry, Leamington Spa and Warwick, amongst other surrounding centres.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums