Property details
27, The Square is offered for sale as a mixed use freehold investment. It comprises a ground floor shop and separately accessed residential apartments set over ground, first and second floors.It is prominently situated in the heart of Kenilworth's town centre and near to all local, retail, leisure and cultural amenities.
Location
Kenilworth is a historic town located in Warwickshire, best known for its medieval castle, Kenilworth Castle, which played a significant role in English history. Due to its historical significance, Kenilworth attracts tourists interested in exploring its medieval castle and the town's charming streets and offers a range of amenities, including shops, restaurants, parks, and recreational facilities, making it a pleasant place to live and visit.
Investment
Commercial:
The property is let to Five Star Nails on a 12-year IRI lease with a current passing rent of £10,500, Increasing to £11,700 in April 2024. The lease is understood to have the benefit of the Landlord and Tenant Act 1954.
Residential:
Flat 27a is let on a periodic Assured Shorthold Tenancy commencing on 25th May 2024 with a passing rent of £10,800 per annum - all utilities included
Flat 27b is let on a periodic Assured Shorthold Tenancy commencing 12th January 2024 with a passing rent of 12 January 2024 £10,200 per annum - all utilities included.
Total Passing Rental: £32,700
Accommodation
Ground Floor Retail: 67.37m² (725ft²)
Flat 27 A : 39.68m² (427ft²)
Flat 27 B: 52.07 m² (560ft²)
Total: 159.12m² (1712ft²)
Business Rates
Business Rates: £12,500
All enquiries should be made to Warwick District Council on 01926 456 760 or visit www.warwickdc.gov.uk
EPC
Commercial EPC - D
27a, The Square (Residential) - C
27b, The Square (Residential) - D
Services
It is understood that gas, electric, water and foul water drainage are connected to the property. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Legal Costs
Each party will be responsible for their own legal costs associated with the property.
Viewing
To arrange a viewing please contact the commercial Team on commercial@sheldonbosleyknight.co.uk or 01789 387882
Important Notes
We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight. VAT: The VAT position relating to the property may change without notice.
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Property location
Property Floorplan
