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27 The Square
725 SF Retail Condo Unit Offered at $561,634 in Kenilworth CV8 1EF
Investment Highlights
- Fully let
- In the heart of Kenilworth's town centre
- Mixed use retail/residential property
Executive Summary
This property is prominently situated in the heart of Kenilworth's town centre and near to all local, retail, leisure and cultural amenities.
Property Facts Sale Pending
| Price | $561,634 | Sale Type | Investment |
| Unit Size | 725 SF | Building Class | B |
| No. Units | 1 | Floors | 3 |
| Total Building Size | 21,701 SF | Typical Floor Size | 7,234 SF |
| Property Type | Retail (Condo) | Year Built | 1889 |
| Property Subtype | Storefront |
| Price | $561,634 |
| Unit Size | 725 SF |
| No. Units | 1 |
| Total Building Size | 21,701 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 7,234 SF |
| Year Built | 1889 |
1 Unit Available
Unit 27
| Unit Size | 725 SF | Sale Type | Investment |
| Price | $561,634 | Tenure | Freehold |
| Price Per SF | $774.67 | Cap Rate | 6.41% |
| Condo Use | Retail | NOI | $36,015.28 |
| Unit Size | 725 SF |
| Price | $561,634 |
| Price Per SF | $774.67 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.41% |
| NOI | $36,015.28 |
Description
27, The Square is offered for sale as a mixed use freehold investment. It comprises a ground floor shop and separately accessed residential apartments set over ground, first and second floors.
It is prominently situated in the heart of Kenilworth's town centre and near to all local, retail, leisure and cultural amenities.
Sale Notes
Commercial:
The property is let to Five Star Nails on a 12-year IRI lease with a current passing rent of £10,500, Increasing to £11,700 in April 2024. The lease is understood to have the benefit of the Landlord and Tenant Act 1954.
Residential:
Flat 27a is let on a periodic Assured Shorthold Tenancy with a passing rent of £10,800 per annum
Flat 27b is let on a periodic Assured Shorthold Tenancy with a passing rent of £9,900 per annum
Nearby Major Retailers
Learn More About Investing in Retail Properties
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27 The Square
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