Mixed Use for auction in Nuneaton

Description

A mixed use investment opportunity part let to a well known housing provider, along with garage and land with scope to develop (subject to planning) having a current income of £32,160 per annum.

The accommodation comprises:

16a Manor Court Road

Commercial unit let to a Physiotherapist until Nov 2026 at £500pcm. We have been advised the tenant wishes to extend this. The unit benefits from a highly prominent position fronting both Manor Ct Road and Botrill Street having secure roller shutters, wc and a modern interior.

2 Bottrill Street

Three bed HMO flat let on a 5 year lease to a well known social housing provider to March 2030 at £1410pcm. The accommodation is well managed with signs of recent fire alarm and maintenance. This is a hands off investment with the association taking care of all aspects. Please see legal pack for more information.

2A Bottrill Street

One bed flat let on a 1 year AST to an individual to Dec 2026 at £650pcm. Upon inspection the flat was in a good condition and would in our opinion relet for circa £725pcm in line with market rents.

Garage and Yard

Let to a builders firm until Feb 2027 at £120pcm.

The garage and yard we feel have scope for conversion into residential accommodation subject to planning.

The property is ideally positioned in the popular town of Nuneaton, offering an attractive setting for residential renting within a well-established and growing community. The area benefits from excellent public transport links, including regular rail services from Nuneaton Railway Station, providing direct connections to Coventry, Birmingham, and London. A reliable network of local bus routes further enhances accessibility, linking residents to surrounding neighbourhoods and key amenities. Nuneaton town centre is within easy reach, offering a variety of shops, supermarkets, cafés, and leisure facilities to support day-to-day living. The surrounding neighbourhood features a mix of residential developments, green spaces, and community amenities, creating a balanced and appealing lifestyle.

Draft Sales Particulars:

These sales details are awaiting vendor approval.

Tenure

Freehold

Occupancy

Subject to a tenancy

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price inc. VAT.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.