13-15 Jury St - Storefront Retail/Residential FOR SALE


Warwick, WAR CV34 4EH
$390,000 USD
192-629-3494
13-15 Jury St, Warwick, WAR for Sale
$390,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 7.35% Cap Rate

13-15 Jury St
Warwick, WAR CV34 4EH


HIGHLIGHTS

  • To the rear of the building is a walled yard/garden area with some scope for development
  • A central passageway with gate provides access to 8 one-bedroom apartments, which are located on the first and second floors
  • Bray House is situated in the heart of the county town of Warwick, Jury Street being the principal arterial road running through the town centre
  • Total Rental Income £28,700 per annum
  • 5 Ground Lease Extension Negotiation Opportunities

OVERVIEW

OFFERS BASED ON £390,000 - Subject to Contract with the benefit of the leases in place Tenant - Lavelle Bridal Couture Lease Term - 5 years from 19th August 2022 Current Passing Rent - £13,000 per annum, exclusive, from 19th August 2024 (currently £12,500 per annum) Repairing Liabilities - Internal Repairing and Insuring Landlord & Tenant Act 1954 - Held within the Act 15 Jury Street, Warwick Tenant - ehB Residential Lettings (Warwick) Lease Term - 5 Years from 9th September 2022 Current Passing Rent - £15,450 per annum, excl’ Repairing Liabilities - Internal Repairing and Insuring, contributing up to £500 per annum to the building service charge Tenant Break – At the third anniversary Landlord & Tenant Act 1954 - Held within the Act Flats to Upper Floors Flats 2, 5, 6, 7 and 8 are held subject to 99 year reversionary leases from 1st Jan 1980 at £50 pa (increases to £100 pa from 1st Jan 2046) Flats 1, 3 and 4 have had lease extensions

FOR SALE DETAILS

PRICE

$390,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

WK122591

ASK ABOUT THIS PROPERTY

Simon HainEHB ReevesMore Info
192-629-3494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Simon HainEHB ReevesMore Info
192-629-3494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.