The subject property is located on the fringe of Nuneaton town centre and has most recently been operated as an independent education facility and benefits from planning permission for a D1 Use (Non-Residential Institutions). The property has potential for various other uses (subject to planning).
Location - The property is located on Central Avenue on the fringe of Nuneaton town centre. The surrounding area comprises a mixture of commercial and residential premises. The town centre and its extensive amenities are within easy walking distance of the property, being some 400m distant. Nuneaton railway station and bus station are also in close proximity, being some 400m and 350m distant, respectively.
Nuneaton is a busy market town in north Warwickshire with a population in the order of 86,500 (Local Authority - 129,000). Nuneaton railway station offers regular services to London Euston, Birmingham New Street, Leicester and further afield. The town benefits from excellent local road communications with the M69 at Hinckley and the M6 at Bedworth.
Description - The property has most recently been occupied as an independent education facility and benefits from planning permission for a D1 Use (Non-Residential Institutions). The property has potential for various other uses (subject to planning).
The property is arranged as a series of individual and open plan classrooms/offices, with kitchen and WC facilities. The property has been extensively refurbished to a good specification, including: LED lighting, carpeting throughout, majority UPVC double glazing and gas fired central heating.
We are advised that the property benefits from an alarm system.
In more detail, the accommodations comprises the following on a net internal area (NIA) basis.
Room 1 - 57 sq ft (5.3 sq m)
Room 2 - 31 sq ft (2.8 sq m)
Kitchen - 80 sq ft (7.4 sq m)
Room 3 - 116 sq ft (10.8 sq m)
Room 4 - 87 sq ft (8.1 sq m)
Room 5 - 105 sq ft (9.7 sq m)
Room 6 - 248 sq ft (23.0 sq m)
Room 7 - 131 sq ft (12.2 sq m)
Kitchen - 52 sq ft (4.8 sq m)
Total NIA - 906 sq ft (84.2 sq m)
Services - We understand mains gas, electricity, water and drainage are available. Heating is by way of gas fired central heating.
Business Rates - As a result of a web enquiry only, we are informed that the entries appearing in the Rating List of the Nuneaton & Bedworth Borough Council were:
Rateable Value: unavailable
THIS IS NOT THE AMOUNT PAYABLE
The actual liability may be subject to relief and / or downward phasing in respect of which regulations are made from time to time. We have not investigated the amount actually payable in respect of the subject property, but would be happy to do so if instructed.
Lease Terms - The property is available to let on a new full repairing and insuring lease, for a term to be agreed, at a commencing rental of £6,500 per annum exclusive.
The lessee to be responsible for the landlords agent management fee of 5% + VAT of the annual rent, subject to a minimum fee of £600 + VAT.
Legal Costs - As is standard, the ingoing tenant will be responsible for the landlord's reasonable legal costs incurred in the grant of the lease.
Energy Performance Certificate - EPC Rating: to be supplied
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