Retail premises for sale in 14 Market Hill, Southam, Warwickshire CV47

Description

14 Market Hill comprises a mid-terraced period building with accommodation set out on three floors, the ground floor providing retail accommodation with two bay windows and central pedestrian door, with the property being extended to the rear within a single storey extension.

An internal staircase provides access to two upper floors providing a mixture of office accommodation and storage (formerly residential). The property has a side pedestrian access off Market Hill which could be used to provide an independent access to the upper floors subject to alterations and (if required) planning consent.

Whilst the building is in need of some refurbishment works, the property does lend itself to redevelopment with considerable potential. The property, which is currently occupied and trading, is to be sold freehold with vacant possession.


Location

Market Hill is located at the heart of the market town of Southam, an ever growing and vibrant town in the heart of Warwickshire. Located approximately 8 miles east of Leamington Spa, 12 miles south west of Rugby, 15 miles south east of Coventry and within 25 miles of Birmingham International Airport and the nec.

Southam has grown considerably in recent years with a number of significant residential developments being undertaken coupled with the expansion of the local business parks and other local amenities.

Market Hill is the prime retailing pitch within the town centre. There are excellent car parking provisions nearby and on street, excellent public transport with other amenities such as the local Library and Police Station being very close by. The location is occupied by a mixture of retail units, restaurants, pubs, fast food outlets and office space. The Dallas Burston Polo Grounds are also very nearby.

Services

All mains services are connected to the building.

Tenure

The property is to be sold freehold subject to vacant possession, by auction. A buyers pack will be available through Loveitts website in due course

Rent

Price
Price Guide £180,000 to £200,000

Rates

The rateable value for the current year is £10,750. As of 1st April 2023 the rateable value will be £12,250.

Legal Costs

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

EPC

Tba

For Sale Freehold - By public auction 18th may 2023

Retail Premises with Two Upper Floors

Central Southam Location

To Be Sold with Vacant Possession

Interesting Redevelopment Opportunities

Suitable for a Variety of Uses Subject to Planning Consent if Required

Character Period Building

On Street Parking