Sold

£300,000 Guide Price

Vivian House, 21 Market Hill, Southam, Warwickshire, CV47 0HF

2596 SQ FT


  • For Sale.
  • Freehold investment opportunity.
  • Prominent Georgian building comprising offices/dentist practice over lower ground, ground and first floors with independently let upper floor flat.
  • Current income: £19,640 per annum.
  • (The lower ground floor is currently let rent free but tenant is responsible for service charge and sinking fund payment).

Property Overview
Southam is an attractive market town located approximately 8 miles to the east of Leamington Spa and 10 miles west of Daventry. Other centres, including Coventry (12 miles) and Banbury (13 miles), are also within easy travelling distance. Junction 12 of the M40 is within 5 miles and Junction 16 of the M1 is approximately 17 miles.

The town centre is focused upon High Street and Market Hill, with a mix of commercial, retail and leisure uses, whilst the main industrial area is located immediately to the south of the town. Originally comprising the Kineton Industrial Estate, this area has now expanded considerably providing further employment opportunities within the town.

Vivian House stands prominently at the junction of Market Hill with Park Lane, with public car parking to the forecourt area. The church yard is to the rear. The building is Listed and stands within a conservation area.

This prominent Listed Georgian building with cream painted, cement rendered elevations with a pitched tiled roof provides office and dentist accommodation at lower ground, ground and first floor level, with an independent top floor flat currently let by way of an Assured Shorthold Tenancy. Communal hall, stairs and landings run through the centre of the building, with access from Park Lane. A further elegant entrance faces Market Hill and provides access to the front ground floor offices.

The ground and first floors are let to a Dentist Practice and the top floor 2 bedroom flat is let under an Assured Shorthold Tenancey. The lower ground floor is occupied by a Charity and is not currently income producing but the tenant pays outgoings.

The building has attractive period features and is well appointed with gas central heating boilers for the individual floors and good toilet and kitchen facilities.

EPC Rating

Freehold
SQ M SQ FT
Lower Ground Floor: Access from ground floor entrance hall with WC and separate urinal 0.00 0.00
Offices: 3 rooms and kitchen 0.00 0.00
Front 1: 5.54m x 3.99m 22.10 238.00
Front 2: 3.96m x 3.84m 15.20 164.00
Inner Office: 3.61m x 3.30m 11.90 128.00
Kitchen: 3.38m x 3.30m 11.20 121.00
Ground Floor: Communal entrance hall with door to basement and stairs to upper floors. Communal and individual toilets. Gas boiler for central heating to ground floor 0.00 0.00
Surgery: 4.22m x 5.41m 22.80 245.00
Reception: 4.24m x 3.91m 16.60 179.00
Lobby with rooms off and Toilet: 2.78m x 3.58m 10.00 108.00
First Floor: Landing. Stairs to second floor flat 0.00 0.00
Surgery: 3.55m x 3.88m 13.80 149.00
Toilet 0.00 0.00
Kitchen: 3.57m x 2.16m 7.70 83.00
Side Room: 4.11m x 4.32m 17.80 192.00
Front Room (divided into 3 sections): 4.42m x 4.02m 17.80 192.00
Lobby and Workroom: 4.09m x 1.41m 5.80 62.00
Second Floor Flat: 0.00 0.00
Living Room: 5.49m x 4.3m 23.60 254.00
Fitted Kitchen: 3.98m x 2.33m 9.30 100.00
Bathroom 0.00 0.00
Bedroom 1: 3.53m x 5.53m 19.50 210.00
Bedroom 2: 4.2m x 3.78m 15.90 171.00
TOTAL AREA 241 SQ M 2596 SQ FT
Sinking Fund: The sinking fund is currently £1,000 per annum split on the same proportions as the service charge. The exterior of the property has just been redecorated, funded by the sinking fund.
All mains services are connected to the building.
Lower ground floor
Rateable Value: £4,850

Ground and first floor
Rateable Value: £11,250

Council Tax Band: B