Summary
| Property Type | Investment |
| Tenure | To Let |
| Size | 2,793 sq ft |
| Rates Payable | £10,853.25 per annum Ground Floor Retail Rates |
- Arranged over basement, ground, first, second and third floors.
- The upper parts provide former ancillary / storage accommodation that now present an opportunity for residential conversion, subject to necessary consents and works.
About
Arranged over basement, ground, first, second, and third floors.
The ground floor comprises a well-configured retail unit.
Traditional timber-framed double fronted shop front.
Separate access leading to the upper floors.
The upper parts provide former ancillary/storage accommodation that now present an opportunity for residential conversion, subject to necessary consents and works.
Accommodation
| Name | sq ft | sq m | Availability |
| Ground - Retail | 856 | 79.53 | Occupied |
| 1st - 1 bed and 2 bed | 1,102 | 102.38 | Available |
| 2nd - 3 bed duplex | 835 | 77.57 | Available |
| Total | 2,793 | 259.48 |
Location
The property is located on Regent Street, a sought after Retail location which comprises a mixture of national and independent retailers situated in the heart of the Town Centre. Royal Leamington Spa is located approximately 2 miles east of Warwick, 8 miles south of Coventry and 18 miles southeast of Birmingham. It is the largest town and principal employment centre in the District of Warwick.
Due to its strategic location, Leamington Spa benefits from excellent road links with direct access to the M40. Junction 13 is situated within 5 miles (8 KM)providing routes to London and the south and Junction 14 is 4 miles (6.4 KM) west, providing access to the M42 and the north.
The A46 is 4 miles (6.4 KM) distant and the M45, some 11 miles (17.6KM) providing links to major towns across the Midlands.
Royal Leamington Spa Railway Station (Chiltern Mainline) is also very well connected with a regular direct service to London Marylebone in 71 minutes and Birmingham Moor Street and Snow Hill in 29 minutes. Birmingham International Airport is situated 19 miles (30.6 KM) northwest of the Town Centre and provides national and international flights to over 150 destinations.
The airport is accessible via the A452 / A45 with a journey time of approximately 45 minutes or via direct train service, 23 minutes.
Mainline Stations
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Leamington Spa8 mins
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Warwick40 mins
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Warwick Parkway65 mins
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Kenilworth77 mins
Underground Station
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Chesham1088 mins
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Amersham1121 mins
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Chalfont and Latimer1153 mins
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Chorleywood1190 mins
Further Information
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Tenure
The property is to be sold subject to an occupational lease. The ground floor is let to Terzetto Stone on internal repairing and insuring terms on a lease dated 18th September 2017 for a term of 10 years at a passing rent of £22,000 per annum.
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Proposal
The property is to be sold freehold subject to the occupational lease previously stated at a guide price of £450,000.
Please note that VAT is not applicable. -
Services
We understand that all mains services are connected to the site however, interested parties are advised to satisfy themselves that this is the case and that they are in good working order. The agents have not tested any apparatus on site and therefore, cannot verify the conditions.
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Planning
We understand that the property has the benefit of planning permission for User Class E purposes.
Interested parties are advised to make their own enquiries of Warwick District Council 01926 456536.
The building is not Listed but does form part of a Conservation Area. -
Rates
Ground floor rateable value: £21,750
Ground Floor Rates Payable: £10,853 -
Anti Money Laundering
The Money Laundering Regulations require us to conduct checks upon all Purchasers including Tenants. Prospective Purchasers will need to
provide proof of identity and residence. For a company any person owning more than 25% must provide the same.
Gallery
