Commercial Property
The property comprises a traditional two storey mid and end terrace, which is part occupied and part vacant.
12-14 Lister Street is currently occupied as offices and comprises three rooms and kitchen on the ground floor and four further rooms and store on the first floor with associated WCs.
16-18 Lister Street comprises two storey building to the front with a former single storey workshop/store to the rear. Outside and to the rear is further storage and large yard with vehicular access providing car parking.
The subject property lies to the northern side of Lister Street, close to its junction with the main B4114 Attleborough Road, a short distance south of Nuneaton Town Centre.
The property is situated within a well established residential area with predominately terraced housing, interspersed with some more modern residential development including Regal House immediately opposite.
We understand that the property is Freehold.
12-14 Lister Street is currently let by way of 10 year Lease with effect from 1st December 2008, at a current rent of £11,000 per annum. We are advised that the Lease can be terminated by serving 3 months notice.
We have not had sight of the legal documentation, however a copy of the Lease will be available for inspection within the legal pack. 16-18 Lister Street will be available with vacant possession upon completion.
The property benefits from Outline Planning Permission (Application No. 033203) granted on the 5th November 2015 by Nuneaton & Bedworth Borough Council, for the existing buildings to be demolished and the erection of 12 apartments in a two storey block (with rooms in the roof space).
Further details including proposed plans are available online at www.nuneatonandbedworth.gov.uk, quoting application number 033203.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
Freehold.
