40 Castle Hill, Kenilworth, CV8 1NB
£643.55 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
620 sq ft
58 sq m
- SECTOR
Cafe for sale
Key features
- Current rental income of £24,000 pa (October 2023)
- Highly Reversionary
- Close proximity to Kenilworth Castle & Abbey Fields
- 10 year Lease incorporating 3 yearly reviews
- Grade II Listed
Description
Set within a row of local businesses, 40 Castle Hill is comprised of a 620 sqft retail unit along with two-storey duplex living accommodation above. The living accommodation is not self-contained and access is through the internal retail premises.
The ground floor is comprised of three separate eating areas together with cafe reception, kitchen and toilet facilities.
To the upper floors, there is separate living accommodation comprising of 2 bedrooms, an office, kitchen, bathroom, with the principal bedroom on the third floor. This accommodation is an integral part of the building.
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.
Tenure
40 Castle Hill is occupied in its entirety on a 10 year lease from August 2022 with three yearly reviews on an FRI basis.
The passing rent is currently £24,000 per annum for the whole, with potential for significant reversion and splitting of the residential and commercial units.
Services
We understand all mains services are connected to the property.
Rating Assessment
£4,350 for the ground floor retail element.
Council Tax Band
C
Please contact Warwick District Council on for confirmation.
NOTE:
Potential to purchase of the Time For Tea Prossers Ltd is also an option. Please contact the sole Agent, Shepherd Commercial for further details.
Legal Costs
Each party is to be responsible for their own legal costs incurred in this matter.
Brochures
40 Castle Hill, Kenilworth, CV8 1NB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kenilworth Station0.8 miles
- Tile Hill Station3.2 miles
- Canley Station3.9 miles
About SHEPHERD COMMERCIAL, Solihull
50, St. Johns Close, Knowle, B93 0NN
About us: We are an independent firm of Commercial Property Consultants & Management Agents established in 2005 based in Knowle, Solihull in the West Midlands, specialising in all aspects of commercial property matters. Thriving on the deliverance of first class commercial real estate services, Shepherd Commercial manage commercial assets for a diverse portfolio of clientele We cover the entire Midlands regions, from Birmingham to Coventry and Solihull in between. Our commercial agents and te
Notes
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