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<ul><li><p>Warwick House, Long Street, Atherstone, Warwickshire CV9 1JP</p><p>Freehold Investment/Development opportunity For Sale </p></li><li><p>Warwick House, Long Street, Atherstone, Warwickshire CV9 1JP</p><p>www.vailwilliams.com</p><p>INVESTMENT SUMMARY</p><p> Located20milesnorth-east ofBirmingham</p><p> Towncentrelocation</p><p> Three-storeyofficebuildingwith groundfloorretail</p><p> 17carparkingspaces</p><p> Freehold</p><p> Totalarea603.50sqm(6,494sqft)NIA</p><p> PartlettoLloydsChemist,theremainderoftheaccommodationvacant</p><p> Opportunitytoincreasetheofficearea</p><p> Changeofusepotentialtoresidential</p><p> Price:300,000subjecttocontract</p><p> 48.32psfCapitalValue</p></li><li><p>Warwick House, Long Street, Atherstone, Warwickshire CV9 1JP</p><p>www.vailwilliams.com</p><p>LOCATIONAtherstoneisamarkettowninthedistrictofNorthWarwickshire located108milesnorth-westofLondon,20milesnorth-eastofBirminghamand16milesnorthofCoventry.</p><p>Thetownbenefits fromexcellent roadcommunicationssituatedadjacenttotheA5andA444whichprovidesdirectaccesstotheM6,M42andM69motorways.ItistheadministrativeheadquartersoftheNorthWarwickshireDistrictCouncil.Ithasapopulationof8,000andactsastheadministrativecentreforthedistrictwhichhasapopulationof60,000.</p><p>Rail services to London Euston are provided from Atherstone mainlinerailwaystationwiththefastestjourneytimeofapproximatelyonehourand18minutes.</p><p>SITUATIONThe property is situated inAtherstone Town Centre, on thecornerofLongStreetandRatcliffeStreet.LongStreetistheprincipalretailing street in Atherstone.A public car park is situateddiagonally opposite theproperty,ontheothersideofLongStreet.</p><p>LongStreet</p></li><li><p>Warwick House, Long Street, Atherstone, Warwickshire CV9 1JP</p><p>www.vailwilliams.com</p><p>ACCOMMODATIONWehavemeasuredthepropertyinaccordancewiththeRoyalInstitutionofCharteredSurveyorsCodeofMeasuringPractice(6thEdition).</p><p>AREA SQ FT (ITZA) SQ M (ITZA)Ground Floor</p><p>Unit1Sales 1,015(832) 94.3(77.29) Unit2Office 618 57.41</p><p>Unit3Sales 726(618) 67.45(57.13)First Floor*Offices/kitchenarea 2,060 191.75Second Floor*Offices/kitchens/server room</p><p>2,075 192.59</p><p>TOTAL 6,494 603.50</p><p>DESCRIPTIONThepropertycomprisesa3-storeybuildingwith2retailunitsatgroundfloorlevel andoffice accommodation at ground, first and second floor levels.Thepropertyisofbrickconstructionunderapitchedroofconstructedinthe1980s.Lloydsthechemistoccupythecornerunit(Unit1)whichhasareturnfrontagetoRatcliffeStreet.Units2and3frontRatcliffeStreet.</p><p>Themainentrancetotheoffices isfromRatcliffeStreetwithanentrancehallatgroundfloorlevelleadingtoastaircaseandan8personpassengerlift. Internally theofficescompriseperimeter trunking,gasfired radiators,suspendedceilings,recessedlightingandsingleglazedcasementwindows.</p><p>Acorridorrunsdownthecentreoftheofficeaccommodationatfirstandsecondfloorlevelswithofficesuitesleadingoffthecorridorsoneachside.MaleandfemaleWCsareprovidedwithintheofficeaccommodationatfirstand secondfloor level.Adisabled toilet isprovidedwithin theofficesatgroundfloorlevel.Eachfloorhasitsownkitchen.</p><p>*Acorridorrunsdownthecentreoftheofficeaccommodationonthefirstandsecondfloors.Itwouldbepossibletoremove this in order to increasethelettableareatoapproximately292sqm(3,150sqft)forthefirstandsecondfloors.</p><p>LONGSTREET</p></li><li><p>Warwick House, Long Street, Atherstone, Warwickshire CV9 1JP</p><p>www.vailwilliams.com</p><p>TENUREFreehold.</p><p>TENANCY</p><p>FLOOR/AREA TENANT RENT</p><p>LEASE TERMS COMMENTS</p><p>Unit 1LloydsChemistRetailLtd</p><p>12,25025yearsfrom 10/4/1989</p><p>Tenantholdingover.New10 yearleaseagreedatrentof15,000pa.Rentreviewandbreakinyear5.Threemonthspenaltyrent.Insolicitorshands.</p><p>Unit 2 Vacant ERV 8psfFormerlyoccupiedbyWarwickshireCountyCouncilatarentof5,600pa.</p><p>Unit 3 Vacant ERV 8psfFormerlyoccupiedbyTCSEstatesatarentof7,600pa.</p><p>First &amp; Second Floor Office</p><p>Vacant ERV 7psfFormerlyoccupiedbyWarwickshreCountyCouncilatarentof36,000pa.</p><p>TENANTS COVENANTLloyds Chemist Retail Limited areasubstantialpharmaceuticalcompany.</p><p>CAR PARKINGThepropertyhasthebenefitof17markedcarparkingspaceslocatedinthecarparktotherearoftheproperty.</p><p>Thesiteareaextendstoapproximately0.117hectares(2.89acres).</p></li><li><p>Warwick House, Long Street, Atherstone, Warwickshire CV9 1JP</p><p>www.vailwilliams.com</p><p>www.vailwilliams.com</p><p>VIEWINGStrictlybyappointmentthrough </p><p>thesoleagents.</p><p>Foraccesstothedataroompleaseemail LizDixon:ldixon@vailwilliams.com</p><p>CONTACT</p><p>Julian Walker jwalker@vailwilliams.com</p><p>023 8082 0905 07836 774 406</p><p>Matthew Barkermbarker@vailwilliams.com</p><p>023 8082 0958 07919 591 495</p><p>VailWilliamsLLPMeridiansHouse</p><p>7OceanWay,OceanVillageSouthamptonSO143TJ</p><p>MISREPRESENTATION ACT 1967</p><p>VailWilliamsforthemselvesandforthevendorsorlessorsofthisproperty,whoseagentstheyare,givenoticethat:1.Theparticularsaresetoutasageneraloutlineonlyfortheguidanceofintendedpurchasersorlesseesanddonotconstitutenorconstitutepartofanofferorcontract.2.Alldescriptions,dimensions,referencetoconditionandnecessarypermissionsforuseandoccupation,andotherdetailsaregivenwithoutresponsibilityandanyintendingpurchasersortenantsshouldnotrelyonthemasstatementsorrepresentationsoffactbutmustsatisfythemselvesbyinspectionorotherwiseastothecorrectnessofeachofthem.3.NopersonintheemploymentofVailWilliamshasanyauthoritytomakeanyrepresentationorwarrantywhatsoeverinrelationtothisproperty.FinanceAct1989Unlessotherwisestated,allpricesandrentsarequotedexclusiveofValueAddedTax(V.A.T.).AnyintendingpurchasersorlesseesmustsatisfythemselvesindependentlyastotheincidenceofV.A.T.inrespectofanytransaction.September2014.MapsreproducedfromanOrdnanceSurveymapwiththepermissionofthecontrollerofHerMajestysStationeryOffice,CrownCopyrightreserved.ExperianGoadDigitalPlansincludemappingdatalicensedfromOrdnanceSurveywiththepermissionoftheControllerofHerMajestysStationeryOffice.CrowncopyrightandExperiancopyright.Allrightsreserved.LicensenumberPU100017316.</p><p>CONVERSION POTENTIALThereisapotentialtocovertthefirstandsecondfloorstoresidentialaccommodationunderpermitteddevelopmentrights.</p><p>PRICE300,000, subject to contract, to show an initial yield of 4.78%and areversionary yield of 17.2% based on the ERV of 53,960 pa afterpurchaserscostsof4.5%.</p><p>VATThepropertyisVATregistered.WewouldenvisageanysalebeingundertakenbywayofaTransferofaGoingConcern.</p><p>EPCThepropertyhasEPCratingsasfollows:</p><p>1stfloor C-71Unit1 C-62Unit2 C-63Unit3 B-49</p><p>Thereportsareavailableinourdataroom.</p></li></ul>