Sold

£350,000 Guide Price

6/7 Market Corner, Tachbrook Street, Leamington Spa, Warwickshire, CV31 3BH

1934 SQ FT


  • Investment property For Sale.
  • Lock up retail Chemist with two independent one and two bedroomed flats over let on periodic tenancies.
  • Current income: £21,250 pa.
  • Located within a parade of local shops on the corner of Tachbrook Road and Market Corner.

Property Overview
The property is located to the south of the town centre within a high density residential area and close to the principal industrial and commercial areas to the south of Queensway.

Situated at the junction of Tachbrook Road and Market Corner, the premises form part of a parade of local community shops with residential flats over.

A double fronted three-storey property within a parade of similar units and comprising retail shop with independent stairs access to a two bedroomed first floor flat and a single bedroomed top floor flat. Double bay windows to first floor elevation and UPVC double glazing.

Tenancies

Shop (6/7 Market Corner): Let to Braich Ltd for 10 year term expiring 23.6.2024. Current rental £8,250 pa..

Flat 1 (second floor): £550pcm.

Flat 2 (first floor): £530pcm.

EPC Rating

E - 108


Freehold.
SQ M SQ FT
Retail Shop: 9.27m (30'5'') x 7.59m (24'11'') (side store, rear lobby, toilet) 67.80 730.00
First Floor Flat: 2 bedrooms, with kitchen and bathroom 55.90 602.00
Second Floor Flat: 1 bedroom, with kitchen and bathroom 55.90 602.00
TOTAL AREA 179.6 SQ M 1934 SQ FT
No. 6/7
Rateable Value: £5,000

Flats - Council Tax
Flat 1: Band B
Flat 2: Band B

The current UBR (2018-2019) is 49.3p in the pound.