Property overview

7-9 Queens Road, Nuneaton, CV11 5JL

sold

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£425,000
Nov 2013

Acting on behalf of the LPA Receiver, Franck-Steier Price has recently concluded the sale of this prime retail unit in the centre of Nuneaton.

The building extends to 1,966 sqft on ground floor with a further 1,913 sqft of first floor storage accommodation.

The unit is let to Game Retail Ltd on a 5 year term from March 2012. The lease is subject to a Schedule of Condition. The current rent passing is £50,000 per annum.

A private company paid £425,000, reflecting an initial yield of 11.23%. Johnson Consultancy acted for the purchaser.