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Brickyard Barn, Mallory Road, Bishops Tachbrook, Leamington Spa, CV33 9QD

Guide Price: £590,000 - £630,000
Auction Thursday 20th Aug 2020 6.30pm
www.eigpropertyauctions.co.uk/live-stream/auctions/loveitts
Auction starts at 6:30pm

Description

  • Barn
  • 4 Bedrooms
  • 2 Bathrooms


This will be a live stream auction. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please download the bidding form and return it by email or post with copies of your ID and proof of address.

*** SOLD AT AUCTION - SOLD FOR £610,000***

Commercial Investment opportunity - Potential Yield Circa 5/6 %. Tenanted detached converted barn set in approximately 1 acre. Positioned within a rural location on the outskirts of Bishops Tachbrook, Warwick.
Currently tenanted by an education facility with rent payable of £34,333 p.a.



LOCATION

The property is accessed via a shared drive which leads to front gates and can be found on Mallory Road, which is off the A452 Banbury Road.



ACCOMMODATION

GROUND FLOOR
Kitchen/dining room: 30 ft 1 in max x 16 ft 10 in max
Lounge 1: 16 ft 9 in x 9 ft 3 in
Reception room / Bedroom 4: 20 ft 6 in x 14 ft 7 in max
Reception room / Bedroom 3: 10 ft x 8 ft 9 in
Shower room:
FIRST FLOOR
Bedroom 2: 14 ft 1 in max x 12 ft 3 in max, 8 ft 9 in min
Bedroom 1 & en-suite: 9 ft 4 in max x 5 ft 8 in min



EPC RATING - D


TENURE

Freehold subject to tenancy.



TENANCY

Lease Term: 60 months from 1st September 2018.
Rent payable: £34,333 p.a. (Rises annually by the rate of inflation)
Break clause 31st March 2021, with potential also to extend the current lease (by agreement with the current tenants).



ADDITIONAL COSTS

Administration Fee: £1,650 (£1,375 plus VAT)
Please see the legal pack for any further costs.



VIEWINGS

Viewings are by appointment only.
Please call 024 7652 7789 for more information



Key Facts

*** SOLD AT AUCTION - SOLD FOR £610,000*** Barn conversion Set in approximately 1 acre Rural location Commercial Investment
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