Garage Block, Rear of Kineton Road, Wellesbourne, Warwick, CV35 9LQ

LOCATION
Wellesbourne is a small commuter town serving the nearby towns of Warwick, Stratford-upon-Avon and Leamington Spa. It is located on the A429, some five miles east of Stratford-upon-Avon.

There are two terraces of garages located to the rear of a retail parade in the centre of Wellesbourne with access from both Kineton Road and Newbold Road.

DESCRIPTION
The site, outlined in red on the plan opposite, borders residential gardens on one side or land to the rear of the commercial premises on the other.

The total area comprises approximately 0.341 acres/0.138 hectares.

The garages which have been sold off separately are shaded yellow on the plan whilst those currently let and included in the sale are shaded green. The garages in private ownership are required to pay a relevant proportion for the upkeep of the surface of the access road.

The access road (coloured blue on the plan) is included in the sale.

SERVICES
The small office benefits from mains electricity and water supply but otherwise there are no services to the individual garages

TERMS
The property is offered freehold, subject to the existing tenancies.

The property has not been elected for tax and there is therefore no VAT charged on the rent; VAT will not be applicable to the purchase price.

OUTGOINGS
The only property to be rated is the small office (once a betting shop) which has a Rateable Value of £1,775.

LEGAL COSTS
Each party is to be responsible for their own legal & other costs incurred in this transaction.

OTHER
Tenancies

The total gross income from the property is currently £15,400 per annum. Tenancies are based on individual licence agreements and all are currently occupied.

The Landlord is required to maintain the structure of the garages and the access road.

Further details will be made available to seriously interested parties.

VIEWING
Strictly by appointment with the sole agentsÂ’ Stratford-upon-Avon office. Please contact Suzanne James.
sjames@sheldonbosleyknight.co.uk / 01789 292310

£POA

Commercial, Ground Leases

For Sale - Comprising 23 single garages, one double garage and a small office Subject to Existing Tenancies Central location in expanding rural centre Total current rental income £15,400 per annum