Auction House / Coventry and Warwickshire
  • For Sale By Unconditional Online Auction
  • Guide Price* : £310,000
  • Auction Ended 25/04/2023
  • Lot 3

1-3 Clemens Street, Leamington Spa, Warwickshire, CV31 2DW

**ONLINE AUCTION**

To be sold via unconditional ONLINE Auction on Tuesday 25th April 2023
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 24th April 2023
AUCTION ENDS: 13:00 on Tuesday 25th April 2023

GUIDE PRICE: £310,000

Description

**ONLINE AUCTION**

To be sold via unconditional ONLINE Auction on Tuesday 25th April 2023
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 24th April 2023
AUCTION ENDS: 13:00 on Tuesday 25th April 2023

GUIDE PRICE: £310,000

Unique opportunity. Mixed use residential and commercial investment, with a current income of £28,080 p.a. Positioned on the outskirts of the town centre within a popular residential and retail area. Ideal investment opportunity, comprising a 3 bedroom (all with en-suites) flat above a convenience retail store.

ACCOMMODATION RETAIL
20ft x 20 ft 9 in
Storage:
W.C.
RESIDENTIAL
Dining, kitchen: 16 ft 9 in max x 10 ft 2 in max
Bedroom 1 plus en-suite: 11 ft 2 in 7 in
Bedroom 2 plus en-suite: 12 ft 10 in max x 8 ft 5 in max
Bedroom 3 plus en-suite: 9 ft 1 in x 8 ft 8 in
EPC RATING Retail - C
Residential - C
COUNCIL TAX BAND Residential - A
TENURE Freehold subject to tenancies.
TENANCIES RETAIL
Lease
Term: 3 years from 01/02/2020 - 31/01/2023
Rent payable: £9,600 p.a.
RESIDENTIAL
Assured Shorthold Tenancy
Term: 01/09/2022 - 31/07/2023
Rent payable: £ 1,680 p.c.m. (11 months)
Subsequent Assured Shorthold Tenancy Term:
01/09/2023 to 31/07/2024
Rent payable: £1,575 p.c.m. (11 months)
ADDITIONAL COSTS Administration Fee: £1,650 inc VAT (£1,375 plus VAT.)
Please see the legal pack for any further costs.

Tenure: See Legal Pack

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

Administration Fee: £1,650inc VAT (£1,375 plus VAT.)
Please see the legal pack for any further costs.

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* Guide | £310,000
  • Mixed Use
  • 3 Bedrooms
  • Unconditional (Immediate Exchange)

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.