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70 Coton Road, Nuneaton, Warwickshire CV11 5TS

Lot no: 5 Sold After Auction
 

Guide Price £175,000+ plus fees


Tuesday 12th April 2016

11.30am
Key Features
  • Development Site
  • Planning Permission for 10 Apartments
  • Conversion of Pub to 4 Apartments
  • New Build Block of 6 Apartments to the Rear
  • EPC Rating: E
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Sold After Auction

Pub

Property Description:

The property comprises a former, detached, public house with accommodation arranged over 3 floors. There is a rear plot/garden with access via Edward Street. The property is well located close to Nuneaton town centre, good road links and local amenities.

Planning permission granted for a total of 10 apartments. The conversion of the main pub into 4 flats and the erection of a new block of 6 apartments to the rear.

Planning- 1
Permission granted on 21st March 2013 by Nuneaton and Bedworth Borough Council (under ref: 031554) for change of use from public house (with existing residential) to four x 1 bedroom self contained flats.

Planning- 2
Permission granted on 11th February 2016 on appeal (under appeal ref: APP/W3710/W/15/3133046) for the erection of six x 1 bedroom self contained flats on the land to the rear of the existing public house


An excellent investment opportunity. Once renovated the rental income in total would be in the region of £60,000 per annum.

Tenure:

Freehold. Vacant possession upon completion.