Other, Croft Road, Nuneaton, CV10

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.