Property photos
Freehold
Non quoting
Retail premises for sale
Warwick Street, Leamington Spa CV324,536 sq. ft
Local area information
Property location
Nearby amenities
- The Kingsley School 0.2 miles
- St Peter's Catholic Primary School 0.3 miles
- Leamington Spa 0.6 miles
- Warwick 2.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
Comprising restaurant at ground floor and basement, 3 x 1 bed apartments and 3 x 2 bed apartments Current net income £123,290 per annum Ground floor and basement restaurant premises let to 2034 Good secure rental income from 6 self contained upper floor apartments. Proposal Sale Price: £1.4M excl. Showing a net initial yield of 8.33% following usual purchaser’s costs of 5.75%.
Description
The property itself comprises:
A Grade II Listed, 4 storey, mid terraced, Regency building.
Traditional Brick Built construction with rendered front elevation, surmounted with pitched Welsh Slate roof and incorporating Sash Windows and timber shop front.
Ground Floor & Basement let to 12th Street Burger franchisee.
First, Second & Third floor comprise 3 x 1 bed and 3 x 2 bed self-contained apartments which are accessed off a separate doorway fronting Warwick Street. These are let on Assured Shorthold Tenancies or by way of Airbnb short term lettings.
Current total gross rental is £123,290 excusive of VAT. A breakdown of rental income is attached.
Location
The property is situated on the popular retailing pitch of Warwick Street, right in the heart of Leamington Spa town centre and a short distance from The Parade (the town’s primary retailing pitch).
Royal Leamington Spa is an attractive and affluent Spa town located in the heart of Warwickshire, approximately 2 miles east of Warwick, 8 miles South of Coventry and 18 miles southeast of Birmingham.
The town provides an attractive retail environment, comprising Regency and Victorian architecture set along wide, boulevard style streets. The town boasts a wide range of major national retailers as well as high end boutique style retailers and strong independent provision for both fashion and specialty shopping..
Retailers close by include Sofa’s & Stuff who commenced trading in 2022, Mountain Warehouse, Waterstones, William Hill as well as Shoe Express, Boots and Coffee#1.
Viewings
Strictly by prior arrangement with the sole agents:
Bill Wareing frics
T • M • E
Jon Blood mrics
T • M • E
Terms
Guide Price £1,400,000 excl. (One Million, Four Hundred Thousand Pounds) which reflects a net initial yield of 8.33% following usual purchaser’s costs of 5.75%. We are advised that the property is not elected for VAT.
Description
The property itself comprises:
A Grade II Listed, 4 storey, mid terraced, Regency building.
Traditional Brick Built construction with rendered front elevation, surmounted with pitched Welsh Slate roof and incorporating Sash Windows and timber shop front.
Ground Floor & Basement let to 12th Street Burger franchisee.
First, Second & Third floor comprise 3 x 1 bed and 3 x 2 bed self-contained apartments which are accessed off a separate doorway fronting Warwick Street. These are let on Assured Shorthold Tenancies or by way of Airbnb short term lettings.
Current total gross rental is £123,290 excusive of VAT. A breakdown of rental income is attached.
Location
The property is situated on the popular retailing pitch of Warwick Street, right in the heart of Leamington Spa town centre and a short distance from The Parade (the town’s primary retailing pitch).
Royal Leamington Spa is an attractive and affluent Spa town located in the heart of Warwickshire, approximately 2 miles east of Warwick, 8 miles South of Coventry and 18 miles southeast of Birmingham.
The town provides an attractive retail environment, comprising Regency and Victorian architecture set along wide, boulevard style streets. The town boasts a wide range of major national retailers as well as high end boutique style retailers and strong independent provision for both fashion and specialty shopping..
Retailers close by include Sofa’s & Stuff who commenced trading in 2022, Mountain Warehouse, Waterstones, William Hill as well as Shoe Express, Boots and Coffee#1.
Viewings
Strictly by prior arrangement with the sole agents:
Bill Wareing frics
T • M • E
Jon Blood mrics
T • M • E
Terms
Guide Price £1,400,000 excl. (One Million, Four Hundred Thousand Pounds) which reflects a net initial yield of 8.33% following usual purchaser’s costs of 5.75%. We are advised that the property is not elected for VAT.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
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