Property photos
Freehold
£1,500,000
(£2,222.22/sq. ft)
Property for sale
Basement Browns, 77-79 Warwick Street, Leamington Spa CV32From 675 - 1,240 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 0.5 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
Restaurant at ground floor and basement; 3 x 1 bed apartments and 3 x 2 bed apartments at upper floors Current net income: £123,290 per annum Ground floor and basement restaurant premises let on new lease Good secure rental income from 6 x self-contained upper floor apartments Proposed sale price of £1.4m exclusive showing a net initial yield of 8.33% following usual purchaser's costs of 5.75%
Description
The property comprises a Grade II listed, four storey, mid terraced Regency building of traditional brick built construction with rendered front elevation, surmounted with pitched Welsh Slate roof and incorporating Sash windows and timber shop front. The ground floor and basement are currently let to 12th Street Burger on effective full repairing and insuring terms by virtue of a service charge and are being used as a restaurant. The first, second and third floors 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 Short Hold Tenancies or by way of Airbnb short term lettings.
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 south east 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 speciality 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
To arrange a viewing please contact:
Bill Wareing - Wareing & Company
Jon Blood - Wareing & Company
Sheryl Hoare - Sanderson Weatherall
Sandeep Sharma - Sanderson Weatherall
Description
The property comprises a Grade II listed, four storey, mid terraced Regency building of traditional brick built construction with rendered front elevation, surmounted with pitched Welsh Slate roof and incorporating Sash windows and timber shop front. The ground floor and basement are currently let to 12th Street Burger on effective full repairing and insuring terms by virtue of a service charge and are being used as a restaurant. The first, second and third floors 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 Short Hold Tenancies or by way of Airbnb short term lettings.
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 south east 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 speciality 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
To arrange a viewing please contact:
Bill Wareing - Wareing & Company
Jon Blood - Wareing & Company
Sheryl Hoare - Sanderson Weatherall
Sandeep Sharma - Sanderson Weatherall
Floor plans and tours
Floor plans (1)
More information
Listed by
Sanderson Weatherall
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Property descriptions and related information displayed on this page are marketing materials provided by - Sanderson Weatherall. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sanderson Weatherall for full details and further information.