Retail premises for sale in Warwick Street, Leamington Spa CV32
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Property description
Key Points
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.
Property info
7779 Warwick Plans.pdf View original
View Floorplan 1(Opens in a new window)
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Wareing & Co, CV32 on +44 1926 267824 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Wareing & Co, and do not constitute property particulars. Please contact Wareing & Co 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.