Property photos
Auction
Freehold
Non quoting
Retail premises for sale
77-79 Warwick Street, Leamington Spa CV324,536 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 0.6 miles
- Warwick 2.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Leamington Spa to find out more about the local area.
Features and description
- Freehold
Key Points
Comprising restaurant at ground floor and basement, 3 x 1 bed apartments and 3 x 2 bed apartments. Ground floor and basement restaurant premises let to 2034. Good secure rental income from 6 self contained upper floor apartments. Current net income: £117,400 per annum Proposal Sale Price: £1,075,000 - £1,100,000 excl. Showing a net initial yield of 10.92% following usual purchaser’s costs of 5.55%. New key point... For sale by Auction 12th December 2024 at 10am
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 £117,400 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
Simon Bailey, BidX1
Email
Tel: Jonathan Blood, Wareing & Company
Email:
Tel:
Terms
The property will be going to auction on the 12th December at 10am (gmt) at a guid price of £1,075,000 to £1,100,000.
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 £117,400 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
Simon Bailey, BidX1
Tel: Jonathan Blood, Wareing & Company
Email:
Tel:
Terms
The property will be going to auction on the 12th December at 10am (gmt) at a guid price of £1,075,000 to £1,100,000.
Floor plans and tours
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
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