for sale - harris lamb · 2018-04-24 · nuneaton cv11 5ne 1 n & m beauty services ltd...
TRANSCRIPT
FOR SALE
128,000 sq ft (11,891 sq m) Approx. Net Internal Area
Dominant town centre site Department store to be sold with vacant possession
Producing £197,730 per annum income
DEPARTMENT STORE AND ASSOCIATED INVESTMENT PROPERTY
22 ABBEY STREET 21-23 QUEENS ROAD
1-5 NEW CENTURY WAY
NUNEATON, WARWICKSHIRE, CV11 5BU
LOCATION
The property is located at the heart of Nuneaton Town Centre. The property fronts both Queens Road, Abbey Street and New Century Way. Queens Road and Abbey Street are two of the main shopping frontages within the town.
DESCRIPTION
The property is a substantial department store over ground and first floors with frontages to both Abbey Street and Queens Road. The property also has second floor offices and some ancillary basement accommodation.
The site includes a service yard and investment property fronting both Abbey Street and New Century Way. New Century Way fronts onto a local authority car park with approximately 430 parking spaces. The department store entrance is opposite the main entrance to the Rope Walk Shopping Centre.
The property extends to approximately 128,600 sq ft (11,891 sq m), over 3 floors.
COVENTRY
NUNEATON
BIRMINGHAMM6
M6
M6
M6 TOLL
M42
M42
M40
M42
M69
2
3
51
10
11
9
SUTTON COLDFIELD
6
5
4
3A3
2
6
7
7
7A
4
A5
A5
A444
A444
A47
ABBEY STREET
QUEENS ROAD
STRA
TFOR
D STR
EET
ABBE
YGAT
E
MARKET PLACE
HAREFIELD ROAD
ABBE
YGAT
E SHO
PPIN
G CE
NTRE
COVE
NTRY
STRE
ET
DUGDALE STREET
NEW CENTURY WAY
Art W
orld
Dom
ino’
sCar
trid
geW
orld
Art A
lert
John
Chr
isto
pher
Haird
ress
ing
Age U
KHea
dway
Charit
y Sho
pAbb
ey M
usic
Stud
ios
Mob
ile M
edic
Cros
sed
Khu
kris
Italia
n Ex
pres
s
& T
op P
izza
Sum
mit
Stat
us G
roup
Her
on N
ews
Vaca
ntVaca
nt
Casi
no G
amin
g Am
usem
ents
Sens
e
The
Cove
ntry
B
uild
ing
Soci
ety
Her
on
Vaca
nt
Bre
ens
Vaca
nt
Vaca
nt
Hal
ifax
Bod
ycar
e
Cora
l
Vaca
nt
Supe
rnew
sA
bbey
gate
A Write Card
Frieda
Keri Anns
Wool Mountain
Cassandras
Sweets & Treats
Vacant
Vacant
Brighthouse
The
Blu
e B
ear
Vaca
nt
Vaca
ntTh
e M
yton
Hos
pice
s
CancerResearch UKPDSA
Toppers
Indi
a Re
d
Advice Centre
N & M Beauty
Co-opBank
Mobility &
Lifestyle
Co-opTravelAgency
Sally Salon
Services
Store
Twenty O
ne
Ali’s B
arbers
Age U
K
Cooks
Bonm
arche
Shoe Zone
Evans
Bretfred
Mobile Telephones In
ters
port
William Hill
Hannah’s Cafe
Amalfi Pizza
The Felix Holt
Men’s LobbyHalwynsNurseries
RBS
Gam
e
Cave
s
Wat
erst
ones
HSB
C
Clai
re’s
Vacant
Boots Opticians
Clintons
Cashino Gaming
Santander
GreenwoodsVaca
ntPoun
dlan
d
Vaca
nt
Ladb
roke
s
Spec
save
rs
Hea
rcar
e
H Johnson
& Son
Martins
Anthonys Cafe
Natural N
ail Care
Exclusively
Yours
Heatw
ave
Solarium
Complexions
The
Money
Shop
Alsters
Kelley
City Pizza
Label
Office
Citizens
Advice
Bureau
Garage
Stores
Blue Inc
Bull &
Young
Ministry of Design
Schuh
Accessorize
The CarphoneWarehouse
Ernest Jones
Vacant
Vacant
99p Stores
McD
onald’s
Thorntons
Greggs
Clarks
Vacant
Vision Express
Cafe N
ero
CEX
Vacant
Select
Dorothy P
erkins
Sue Ryder C
are
Superdrug
River Island
Perfume Shop
Barclays
Poundland
Silouette
Emm
aus
Hol
land
& B
arre
tt
Nat
wes
t
Luna
Blu
e
Bags R Us
Lifestyle Express
Davidson Shoes
Magenta Clothing
Peacocks
Rym
ans
Car
d Fa
ctor
y
The SchoolwearCentre
EE
Thom
as C
ook
BH
F
DC
Lea
ke
Bearstow Eves
Vacant
Daniels
Sew& So
Cheq
ue C
entr
e
TENANCY
ADDRESS TENANT EXPIRY REVIEW RENT
Abbe
y St
reet
, N
unea
ton
CV1
1 5B
T
16 Cheque Centres Limited 21/03/2022 22/03/2017 8,800.00
22 Nuneaton Credit Union Limited 02/12/2013 2,500.00
23A Mr Kevin Radford 17/07/2016 11,000.00
23B D P Realty Limited Ref 28054 27/06/2029 15,500.00
23C Mr J C Colman 15/05/2017 10,500.00
23D Mr Stuart Lloyd 23/06/2016 11,000.00
23E The Trustees of Warwickshire Employment Right 06/05/2021 07/05/2016 10,000.00
23F Age UK Warwickshire 28/09/2016 14,500.00
Advertising Rights Abbey Street, Gable
The Allam Group 29/05/2017 700.00
New
Cen
tury
Way
, N
unea
ton
CV1
1 5N
E
1 N & M Beauty Services Ltd 30/09/2020 01/10/2017 14,000.00
2 Co-op Bank 17/12/2019 14,000.00
3 Jason Wittering 15/05/2021 15,500.00
4 Jason Wittering 15/05/2021 15,000.00
5 TCCT Retail Ltd 20/11/2018 13,500.00
6 JHP Group Limited 17/11/2015 23,230.00
15 Sally Salon Services Limited 12/01/2016 18,000.00
TOTAL £197,730
Viewing Strictly via appointment with our joint agents
STEVEN COX 0121 213 6767 [email protected]
DAVID WALTON 0121 455 [email protected]
Important: These brief particulars have been prepared as agents for our clients and are intended as a convenient guide to supplement an inspection or survey. Their accuracy is not guaranteed. They contain statements of opinion and in some instances we have relied on information provided by others. You should verify the particulars on your visit to the property and the particulars do not obviate the need for a full survey and all the appropriate enquiries. Accordingly, there shall be no liability as a result of any error or omission in the particulars or any other information given. September 2015
TENURE
The property is available freehold with part vacant possession and subject to the tenancies listed.
RENTAL INCOME
The property is presently producing £197,730 per annum as made out in the table above.
PRICE
On application.
VAT
All prices quoted are exclusive of VAT, which may be chargeable.
SERVICES
The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify they are in working order or fit for their purpose. The tenant is advised to obtain verification from their solicitor or surveyor.