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An appealing opportunity is presented by this unique property being a period country residence dating originally from the late 19th Century and very tastefully converted and extended in more recent times to provide the current scheme of twelve apartments (eleven one bedroom and one two bedroom) plus an attached and substantial three/four bedroomed house of much potential, all the apartments and the house are well appointed and over 10,000 sq.ft. (929 sq.m.) or thereabouts of built space is offered in total.
Additionally, there are a detached double garage, workshops and cellarage which are held with vacant possession and part of the ground floor apartment is currently in communal use as a gym and exercise facility.
The apartments are all of a good size varying between 462 sq.ft. (43 sq.m.) and 925 sq.ft. (86 sq.m.) the house (usually referred to as Lansdown House) is 2,260 sq.ft. (210 sq.m.) or thereabouts.
The house is currently vacant but the apartments are all let on modern assured shorthold tenancies. The vendors believe there is considerable potential for uplifting these through active management and subject to any necessary consents potentially additional development.
A full list of the properties, tenancies, sizes and rentals is attached hereto. Some basic plans and additional photography are available upon request.
The vendors advise that in their last financial year ending on the 05 April 2021 their gross income was in the order of £102,000 but believe this has considerable growth potential. It is understood that this total did not include any income from the house property which has been in the occupation of a member of the vendor family.
As shown on the appended plan the property has a long frontage to Hoggrills End Lane with twin vehicular access points leading to the substantial formal parking facilities. There is a separate entrance serving the house.
This is an extremely pleasant rural location elevated to and with views to the south over the River Bourne and Shustoke Reservoir with Shustoke Sailing Club beyond.
This location is a very convenient commuting position with the centres of both Birmingham and Coventry being within approximately twenty minutes drive with clear traffic.
Junction 4 of the M6 motorway and Junction 9 of the M42 motorway are both within ten minutes drive giving ready access to the regional motorway system and Birmingham Airport and the National Exhibition Centre are within fifteen minutes drive. Coleshill town centre with its choice of convenience shopping and amenities is within five minutes drive.
Lansdown House is set within predominantly enclosed and mature formal gardens offering a total area of 2.92 acres (1.18 hectares) and adjoins open agricultural land to the north, south and east and agricultural buildings to the west.
This is an investment of much potential and with appeal to a variety of markets.
The Trustees and personal representatives of Mrs. J.E. Cubitt-Smith.
The property is offered freehold subject to the existing tenancies and with vacant possession of part. A more detailed list of the various residencies and rentals passing is available upon request.
The property has mains electricity, water and gas connected. Drainage is to a private system. Each residential unit is metered separately for electricity but water and heating via a gas system are provided communally. No service charge is currently levied.
All tenants occupy on an assured shorthold tenancy agreement with the exception of three apartments which are currently on offer via Airbnb (). The house is vacant including the workshops, cellar and double garage.
The freeholders do not currently levy a service charge in respect of the maintenance and management of the building and communal gardens etc, .
By appointment only - please contact the agents.
Reduced - £1,950,000 (One million nine hundred and fifty thousand pounds). The property is not registered for value added tax.
North Warwickshire Borough Council The Council House South Street Atherstone CV9 1DE Telephone: 01827
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact Calders Surveyors, B79 on +44 1827 796762 * (local rate)
Contact Calders Surveyors about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Calders Surveyors, and do not constitute property particulars. Please contact Calders Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.