40 Castle Hill, Kenilworth

620 Sq Ft
£425,000
  • Ref: 199295
  • Type: Retail
  • Availability: Available
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Property Features

  • Situated opposite Kenilworth Castle
  • Centre 3-storey terraced
  • 10 year FRI lease
  • 2-storey living accommodation
  • Income producing £24,000
  • Rent Reviews every 3 years
  • 620sqft retail premise

Property Summary

Commercial property for sale.

Full Details

Set within a row of local businesses, 40 Castle Hill is comprised of a 620sqft retail unit along with a two-storey duplex living accommodation above. The living accommodation is not self contained and access is through the internal retail premise.

40 Castle Hill is occupied in its entirety on a 10 year lease from August 2022 with 3-yearly reviews on an FRI basis. The going rent is currently £24,000 per annum for the whole, with potential for significant reversion and splitting of the residential and commercial units. The ground floor is comprised of 3 eating areas, reception, kitchen and toilet facilities.

Above, the residential element is formed of 2 bedrooms, an office, kitchen, bathroom, with the principal bedroom on the 3rd storey.

Location
40 Castle Hill, Kenilworth, is situated just a stones throw from Kenilworth Castle and is currently occupied by Time For Tea Prossers Ltd. The property is located directly opposite the castle and sits within a terraced block of SME units. Kenilworth Town Centre lies just 0.7km south-east of the property, with Coventry City Centre some 8 miles north.
40 Castle Hill benefits from tourism trade of Kenilworth Castle and the busy commuter passage through Clinton Road