16 Warwick Road, Kenilworth, Warwickshire, CV8 1HE

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £362,000

Upon the instructions of

A major UK Bank
  • Freehold former banking hall and ancillary accommodation totalling about 2,286 sq ft (212.37 sq m)
  • Asset management opportunity and possible residential conversion in part, subject to consents
  • Vacant possession (plus £2,000 per annum from ATM)

Viewings

12:00pm on Friday 24 November 2017
11:00am on Monday 4 December 2017

Details

Location

Summary: The property is located on Warwick Road at its junction with Barrow Road, opposite Costa Coffee.
Miles: University of Warwick 3 miles, Coventry 6 miles
Roads: B4103, A452, A46
Rail: Warwick, Coventry
Nearby Occupiers: Greggs, Robert Dyas, Costa Coffee, Waitrose, Zizzi

Description

A former banking hall with ancillary accommodation to the rear and first floor offices, totalling about 2,286 sq ft (212.37 sq m) on net internal basis. There is also a small rear yard and an ATM machine to the front. The property occupies a prominent town centre corner position and would suit investors/owner occupiers or developers. There is scope to convert to residential to the rear of the former bank as well as at first floor, subject to obtaining all necessary consents.

Tenure

Freehold

Planning

Warwick District Council (01926 456536) www.warwickdc.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 212.37 2,286 2,000
16 Warwick Road Vacant Ground First Banking hall/offices Ancillary storage 126.53 85.84 1,362 924 Vacant
ATM NatWest Bank ATM 5 years from completion (1) 2,000
The measurements have been provided by the vendor and are on a net internal basis.
(1) there is a tenant's break clause at the end of the third year, subject to 6 months notice.

Joint auctioneers

GVA

Contact

Seller's solicitor

DLA Piper

Alice Rusling

0113 369 2844

alice.rusling@dlapiper.com

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

Contact us now

National auctions

Tel: +44 (0) 207 198 2000
Email: auctions@lsh.co.uk

Online auctions

Tel: +44 (0) 207 198 2000
Email: onlineauctions@lsh.co.uk

Register for updates

Sign up today to receive these benefits:
  • Receive new property notifications
  • Register for a catalogue
  • Receive market updates
  • Receive auction results