Retail premises for sale in The Manor House, 1 Market Hill, Southam CV47

Description

Superb Historic Grade II Listed building combining retail and residential uses.

Location

Market Hill lies at the centre of the market town of Southam. This is a busy retailing location boasting a mixture of retail, restaurant and local services. The area has undergone considerable redevelopment in recent years including the construction of a new library very close by. The Manor House sits at the corner of Market Hill and Daventry Street and is the showpiece building of the town.

Southam is located in the centre of Warwickshire with Coventry being just a 25 minute drive on the A423. The Fosse Way is just 4 miles away from Southam and Junction 13 of the M40 can be reached in 15 minutes.

Services

All mains services are connected.

Tenure

The building will be sold freehold with vacant possession, or shop to let separately, subject to a new lease.

Planning

Ground floor shop: Class E (formerly A1 (Retail)
First and Second floors: C3 (Dwelling)

Rent

Price/Rent
Offers in the region of £395,000 (exclusive) for the freehold interest.
Shop to let independently at £16,000 per annum exclusive.

VAT

We are advised that VAT is not applicable on the property.

Rates

The rateable value for the current year for the ground floor shop is £15,250: From 1st April 2023 the rateable value will be £17,500.
The Council Tax band for the flat is A.

Service Charge

N/A

Legal Costs

Each party will be responsible for their own legal costs associated with this transaction.

EPC

As a Listed building, there are no EPCs.

Town Centre Shop of 1,257 sq ft

Two Bedroom Duplex Residential Apartment on First and Second Floors

Impressive Grade II Listed Building

One On Site Car Parking Space

Development Potential to Upper Floors

Roof Garden

Shop To Let Separately