£725,000

Property for sale

  1.  External Main New.Jpg
  2.  Internal 1.Png
  3.  Internal 2.Png
Freehold

£725,000

(£185.28/sq. ft)

Property for sale

Regent Street, Leamington Spa CV32

3,913 sq. ft

Local area information

Property location

Nearby amenities

  • St Peter's Catholic Primary School 0.1 miles
  • The Kingsley School 0.3 miles
  • Leamington Spa 0.4 miles
  • Warwick 1.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
Key Points

  • Current net income £50,640 per annum
  • Great Town Centre location
  • Proposed sale price £725,000 exclusive showing net initial yield of 6.65% following usual purchaser's costs of 5.05%
  • Reversionary income potential £65,100 per annum exclusive which is reflective of a net intial yield of 8.5%

  • 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.
    Apartment 1 – Located over second and Third floor comprises a four-bed apartment with Kitchen/dining room and shower room.
    Apartment 2, Located on First floor, comprises 2 bed apartment with kitchen/dining room and shower room.
    Apartment 3 - Located over First and second floor, comprises a 1 bed apartment with kitchen/diner and shower/wc.

    Location

    The property is situated on the popular retailing pitch of Regent 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.

    The immediate area comprises a great mixture of independent retailers and restaurants.

    Epcs

    Ground & Basement: A 25
    Flat 1 79 Warwick St: C 74
    Flat 2 79 Warwick St: C 77
    Flat 3 79 Warwick St: D 63
    Copies of all EPC’s can be made available upon request.

    Rates / Council Tax

    Ground & Basement: Rateable Value (from 1st April 2023) £11,250
    Flat 1: Council Tax Band B
    Flat 2: Council Tax Band A
    Flat 3: Council Tax Band A

    Price

    Guide Price £725,000 excl. (seven hundred and twenty five thousand pounds) exclusive.
    We are advised that the property is not elected for VAT.

    More information

    Report this listing

    Property descriptions and related information displayed on this page are marketing materials provided by - Wareing & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Wareing & Co for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. Warwickshire
    4. Leamington Spa
    5. Regent Street

    Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

    Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

    Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.