Retail Property (High Street) in Leamington Spa
Ground Floor and Basement, 20 The Parade, Leamington Spa CV32 4DW
- Lot No: 161
- Property Type: Retail Property (High Street)
- Contract Type: Unconditional with Fixed Fee
Guide Price* £320,000+ plus fees
Property Description
A prime lock-up unit, together with substantial basement storage, situated in an impressive Grade II Listed Regency building with prominent display frontage. The property is situated at the northern end of Parade, which is one of the prime retail locations in Leamington Spa. Nearby occupiers include McDonalds, Tesco and Caffé Nero. Leamington Spa is a thriving Spa town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many of the industrial and commercial centres of the Midlands as well as the M40 motorway and surrounding train stations providing good access to London. Stratford-Upon-Avon and the Cotswolds are close to hand. Prospective buyers are to note the CIL liability referred to within the legal pack which may pass to the buyer and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Accommodation
Internal Width 18ft 10 (max). Retail Depth 34ft 10.
With front glazed display bay
679 sq.ft. (63.08 sq.m.)
Rear Amenity Area
64 sq.ft. (5.94 sq.m.)
Basement
1,002 sq.ft. (93.08 sq.m.)
Staff Kitchen
128 sq.ft. (11.89 sq.m)
Approx. Net Internal Floor Area
1,873 sq.ft. (173.99 sq.m.)
Rates
The rateable value is £28,000.
Tenure
A 999 year lease at a peppercorn ground rent. External decorations, repairs and contribution to any communal services (such as alarm system) are recovered by way of a service charge calculated by reference to floor area pro-rata. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Value Added Tax
We understand VAT is not applicable. Interested parties should seek clarification from the legal pack.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Leasehold
Auction Details
Date 27th March 2024
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454