Charlecote

DESCRIPTION

The property comprises a prominent five storey corner building. The two ground floor retail units are occupied by Evapo and Corner House Cafe & Bistro. The first, second and third floors comprise three 3 bed flats, two of which are let on AST's.

TERMS & PRICE

Terms and price on application.

VAT

We are advised that the property is not elected for VAT.

TENURE

Freehold subject to the following tenancies:

TENANCIES

198 Terminus Road Lease for a term of three years expiry 23rd May 2028. Passing rent £22,000 per annum exclusive.

200 Terminus Road let on a new lease from 24th May 2025 for a term of three years, expiry 23rd May 2028. Passing rent £22,000 per annum exclusive.

Flat 1 is let on an AST tenancy from April 2026 for twelve months at a current rent of £1,250 per calendar month.

Flat 2 is let on an AST tenancy from 4th August 2015 at a current rent of £1,100 per calendar month.

Flat 3 is let on an AST tenancy from 28th February 2025 at a current rent of £1,250 per calendar month.

BUSINESS RATES

198 Termimus Road Rateable Value £13,250 UBR 43.2 p (2026/27).

200 Terminus Road Rateable Value £16,500 UBR 43.2 p (2026/27).

COUNCIL TAX

Bands B and C

ENERGY PERFORMANCE CERTIFICATE

198 Terminus Road: Certificate No: 0160-0334-8579-5525-2002 , rated 168 G, valid until 1st June 2024.

200 Terminus Road: Certificate No: 9222-3012-0358-0500-7101, rated 106 E, valid until 3rd February 2025.

First Floor Flat 1: Certificate No: 8200-3912-2329-8427-9543, rated 39 E, valid until 1st June 2024.

Second Floor Flat 2: Certificate No: 0360-2183-1360-2094-0971, rated 61 D, valid until 16th June 2034.

Third Floor Flat 3: Certificate No: 8454-7925-2800-5321-3922, rated 30 F, valid until 1st June 2024.

Updated EPC’S can be produced on request. .

LEGAL COSTS

Each side will be responsible for their own legal costs.

MONEY LAUNDERING REGULATIONS

Under the Money Laundering Regulations 2017 (as amended) we are legally required to obtain proof of funds and identity.