Prime Investment Opportunity For Sale, Bakers Court, 92-94 Long Street, Atherstone, CV9 1AP

A prime town centre freehold investment opportunity with a mixture of residential and commercial occupiers.The property consists of two buildings facing Long Street that are part of the parade of shops with two terrace runs of apartments to the rear.

92 & 92a Long Street – The ground retail area is let to The Wedding Centre. This has apartments to the first and second floors accessed from the rear. 94 long Street – The ground retail area is let to The Old Bakery as a cafe. This has apartments to the first and second floors accessed from the rear. The entrance to the rear courtyard area is located between the two shops and it is here that a further 12 apartments and one semi-detached house can be found.
( Agency Pilot Software Ref: 1980 )

Location

The property is situated in a prominent location on Long Street, Atherstone. Atherstone is a busy market town in North Warwickshire sitting on the A5 and having nearby access to the M42, M6 and M69 motorways. There is also a direct train service from Atherstone to Central London as well as a train service to Birmingham.

Due to its central location and excellent transport links, the town benefits from good employment opportunities with several international companies housing their logistics and Head Offices within the town including TNT and Aldi.

Accommodation

See Floor Plan .

Terms

Tenancies
The property is being sold subject to the existing tenancies in place. Full details are available from the selling agents. The two retail units are let on commercial leases.
Two of the apartments have been sold on long leaseholds. The remainder of the apartments are let on Assured Shorthold Tenancies. There is also a license with a neighbor providing a right of fire escape over the land to the rear.

Tenure
Freehold subject to tenancies.

Rent Roll
Full details can be obtained from the agent.

Rating
The residential properties are all registered for council tax and are banded between A & B. Full details are available from the selling agent on request. 92-92a Long Street has a Rateable Value of £XXX 94 Long Street has a Rateable Value of £XXX

Planning
We understand that 94 Long Street is a listed building. No other part of the property is listed. All planning enquiries should be directed to the Local Planning Authority, North Warwickshire Borough Council who can be contacted on 01827 715341.

EPC
EPC’s are available for each property on request from the selling agent.

Specification

• Prime freehold investment opportunity
• 2 ground floor retail units
• 13 residential properties
• High Street location
• Excellent transport links