Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A
Key Features: • FREEHOLD COMMERCIAL & RESIDENTIAL OPPORTUNITY • TWO TITLES - 84 CROFT ROAD & 86 CROFT ROAD • 86 CROFT ROAD - NUNEATON GLASS - COMMERCIAL SHOW ROOM • FLAT 1 - 86 CROFT ROAD - 1 BEDROOM • FLAT 2 - 86 CROFT ROAD - 2 BEDROOM • 84 CROFT ROAD - 2/3 BEDROOM END OF TERRACE • POTENTIAL INCOME PCM APPROX £4000 • 8% GROSS YEILD
Location: • Nearest Station: Nuneaton Station • Distance to Station: 1.0 miles
Agent Information: • Address: 66 St Nicolas Park Drive Nuneaton Warwickshire CV11 6DJ
Full Description: An outstanding investment opportunity awaits with this collection of three residential and one commercial properties in the bustling heart of Nuneaton, a desirable and thriving market town. Situated in a prime location with parking and loading facilities accessed from Croft Road, this mixed-use opportunity presents significant potential for both investors and businesses looking to establish a presence in the area and perfect for those looking to diversify their holdings with a combination of residential and commercial interests.The estimated return on investment is approximately valued at £45,000 per annum, assuming 100% occupancy, in line with market value rental income. This provides an average gross yield in the region of 8%.The previous change-of-use applications on the two flats above 86 Croft Road, also provides several potential opportunities for additional residential conversion, subject to local planning approval.The opportunity currently consists of four properties, 3 residential and 1 commercial that sits on two separate titles.84 Croft Road – Residential Property - A traditional two-bedroom end-of-terrace house. Potential 3 bedroom with utilisation of ground floor reception room.Flat 1 – Residential Property - 86 Croft Road: A one-bedroom, self-contained apartment.Flat 2 – Residential Property - 86 Croft Road: A two-bedroom, self-contained apartment.86 Croft Road – Commercial Unit: A light industrial commercial space (Class E), featuring a shopfront window, showroom, multiple offices, a kitchen, toilet facilities, and a sizable workshop area to the rear. Currently leased by Nuneaton Glazing.Access & Parking: Private access from Croft Road provides entry to all properties including the rear workshop of the commercial unit. A substantial parking area serves the commercial units customers, and residents of the two upstairs flats, and 84 Croft Road.Utilities: The property benefits from mains gas, electricity, water, and sewage, with separate heating systems installed for each individual unit.Tenure: Offered for sale Freehold, subject to existing tenancies. Vacant possession could also be arranged upon request.Rateable Value: Interested parties are advised to verify rateable values with Nuneaton & Bedworth Borough Council.EPC Ratings: Pending.Additional information is available upon request, which includes a range of internal images and market value rental appraisals of all properties.With its excellent location, flexible use potential, and attractive return prospects, this investment opportunity is a rare find in Nuneaton’s thriving property market. Viewing is strictly by appointment only through Carters Estate Agents.BrochuresCroft Road, NuneatonBrochure
