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21-25 Newdegate Street, Nuneaton CV11 4EJ

£435,000
Available from Coventry
29 Warwick Row
Coventry
Warwickshire
CV1 1DY

Description

  • Commercial Property

The subject property fronts directly onto Newdegate Street, close to the commercial pedestrianised heart of Nuneaton town centre and almost directly opposite the popular Abbeygate Shopping Centre.

Nuneaton Bus Station and the Railway Station are close by and there are several pay and display car parks in the immediate vicinity.

This is an attractive fully let freehold investment opportunity comprising two floors in a modern block of a four storey building and consisting of E Use Class tenanted retail and office premises.

Specifically the retail element comprises a sizeable Salvation Army Charity Shop with ancillary first floor accommodation and a separately let barber's shop.

Otherwise the office element at first floor level comprises (potentially) two suites of accommodation which are currently let to a single tenant having access to separate w.c. facilities.

The current leases expire in either 2027 or 2033 with a reserved rent of £42,725 per annum presently payable (with rent reviews on two of the tenancies in 2025 and 2026).

Further details are available on application.

Accommodation:
Salvation Army: 1,394.00 sqft
Office Space: 1,242.00 sqft
Barber Shop: 447.00 sqft
Total: 3,083.00 sqft

Key Facts

Fully Let Freehold Investment £42,725 per annum currently payable 286.42 sq.m. (3083 sq.ft.) Town Centre Position Offers Based on £435,000
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