37 Coventry Street
Southam, CV47 0EPThe Space
Investment for Sale
At a glance
| Property Type | Investment |
| Tenure | For Sale |
| Size | 592 sq ft |
| Price | £155,000 Subject to occupational lease and subject to contract |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Leamington Spa
128 mins
Warwick
165 mins
Warwick Parkway
188 mins
Kenilworth
192 mins
Chesham
971 mins
Amersham
1006 mins
Chalfont and Latimer
1036 mins
Chorleywood
1073 mins
Key Points
- Hairdressing investment available freehold
- Lease until January 2029
- Current rent £9,500 per annum
Description
The property comprises:-
2 storey, road fronting, building of brick construction with tile covered roof.
Ground floor – 6.4 x 4.3m, solid floor, shop window, 3 treatment chairs, store and kitchen off.
First floor – further salon area and separate treatment room, lobby with WC off.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground - Retail | 296 | 27.50 | Available |
| 1st - Retail | 296 | 27.50 | Available |
| Total | 592 | 55 |
The Location
The property enjoys a prime position in the heart of Southam, an attractive and increasingly popular Market Town located approximately 7 miles to the east of Royal Leamington Spa.
Southam offers a blend of traditional charm and modern convenience, with a growing population and a strong local economy.
The town is home to a number of notable employers, including AL-KO Kober, Alumet and Codemasters, contributing to its continued growth and appeal.
The property is situated just to the north of the Town Centre and benefits from excellent visibility and convenient access to a wide range of local amenities, services and transport links.
Price
£155,000 for the freehold, subject to the occupational lease and subject to contract.
Lease
The premises are held on a lease for a term of 10 years from 6th January 2019 ie, expires 5th January 2029 at a current rent of £9,500 per annum. The Tenant is responsible for all internal repairs and maintenance and for a proportion of the insurance premium in respect of the property and for contributing 30% towards the cost of external repairs
Services
We understand that all mains services are connected to the property however, interested parties are advised to satisfy themselves that this is the case and that they are in good working order. The property has gas fired central heating.
The agents have not tested any apparatus on site and therefore, cannot verify the conditions.
Planning
We understand that the property has the benefit of planning permission for User Class E purposes. Interested parties are advised to make their own enquiries of Warwick District Council Planning Department on 01926 456760.
History
The property has been used for many years as a hairdressers with salon on the ground and first floor.
Summary
There is an opportunity to acquire a well let, long established hairdressing investment in the heart of a buoyant Market Town.