Restaurant for sale

50 High Street, Leamington Spa, Warwickshire CV31

Description

The property comprises a mid terrace traditional Victorian building. With a large principally glazed shop frontage, arched timber windows at the first storey and a large dormer window at second. The premises benefit from a rear yard which leads out to a communal passage way to Court Street. The ground floor comprises a service/retail area on entry, fitted commercial kitchen with extraction, a storage or staff area and WC and shower facilities to the rear. Stairs off the kitchen lead down to a basement and up to the residential element at first and second floor, benefitting from four individual rooms.
The property measures:
Ground Floor: 506 sq.ft
First Floor: 311 sq.ft
Second Floor: 281 sq.ft
Basement: 147 sq.ft
Total: 1,245 sq.ft

Location

High Street is located to the south of Leamington Spa and is one of the principal arterial roads in south Leamington Spa, identified on the attached street map. This is a thriving and busy area with a mixture of both domestic and commercial properties being in the near vicinity. Leamington town centre is a short 5-10 minute walk with local amenities including various restaurants, bars and cafes. Leamington Railway Station is just a short walk away, and there are ample bus routes nearby, making this situation very advantageous.

Services

Mains electricity, water, gas and drainage are connected to the property. Heating is provided primarily by electric convection and night storage heaters.

Tenure

Available freehold with vacant possession.

Planning

Class E and C3

Rent

Price:
£215.000 (exclusive)

We understand that the property is not VAT elected.

Rates

The rateable value on the Ground Floor for the current year is £4,200. The property qualifies for 100% small business rates relief (subject to the status of the rates payer).
Council Tax Band: B - Residential Upper Floors.

Legal Costs

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

EPC

E 109

Available Freehold with Vacant Possession

£215,000 (exclusive)

Viewings Available on Friday 4th September and Monday 7th September.

Ground and Basement Commercial/Retail.
Residential On First and Second Floors.

Small Business Rates Relief Available (subject to status)
Council Tax Band B on Upper Floors.

Rear Yard

Fitted Commercial Kitchen with Extraction.

Ideal for Owner Occupier or Investor.