Commercial property for sale in Clarendon Square, Leamington Spa CV32

£19,950
Commercial property for sale
Interested in this property? Call +44 1386 324884 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Freehold Ground Rents
  • Five Units in Converted Regency Property
  • 125 years from 1st January 2003
  • Ground rent total £375pa
  • Uplift to £750pa in 2028
  • Leases approximately 107 years unexpired

Property description

The freehold of this converted Regency town house is for sale. The freeholder has the right to receive the ground rents plus any potential sums due from leasehold extensions in the future. The building overlooks the formal Victorian gardens of Clarendon Square. Converted to provide five self-contained units split across six floors.

Location

Royal Leamington Spa is a beautiful and prosperous town located in the heart of Warwickshire. With a current population of around 50,000, the town’s growth was largely due to the natural spa springs that were discovered and commercialised in the nineteenth century

Lease Terms

125 years from 1st January 2003. Hence, approximately 107 years unexpired

Landlord & Tenant Act 1987

Landlord & Tenant Act 1987 Section 5(a) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have declined their right of first refusal under the legislation.

Details Of Uplift

The ground rents are currently £75 per annum each, doubling every 25 years.
The date of the next uplift is January 2028.

Management/Insurance/Service Charge

We understand that the freeholder is responsible for maintenance, management and insurance of the building, recovering the cost from the leaseholders by way of a service charge

Legal Costs

Each party will be responsible for their own legal costs associated with the transaction

Further Information

To discuss this investment please contact the commercial team:

Important Notes

We are required by hmrc to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight

Property info

Arrange Viewing

For more information about this property, please contact
Sheldon Bosley Knight, CV37 on +44 1386 324884 * (local rate)

Contact Sheldon Bosley Knight about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sheldon Bosley Knight, and do not constitute property particulars. Please contact Sheldon Bosley Knight for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

16 more properties like this

View all Clarendon Square commercial properties for sale