0 Bed Commercial Property For Sale

For Sale by private treaty.



Offers in the region of £2,100,000 are sought for the Freehold interest, subject to the existing tenancies.



Prime Retail And Office Investment Opportunity With Asset Management & Development Potential



The property comprises three, adjoining, Regency buildings, providing retail, ancillary and office accommodation, arranged over basement, ground and three upper floors. The attractive faade includes anthemion decoration, twelve Tuscan-style pilasters, large sash windows and a continuous balcony, projecting over Roman Doric-style porches. There is a service yard located to the rear of the property.

The property provides 10,228 sq. ft (950.2 sq. m) of accommodation (NIA). A precise floor area breakdown for the retail, ancillary and office accommodation can be found in the tenancy and accommodation schedule.

The property is Grade II listed and lies within the Leamington Spa Conservation Area.

The local planning authority is Warwick District Council.



Location

Royal Leamington Spa is an affluent spa town in the county of Warwickshire, originally renowned for the medicinal properties of its water. The town is located approximately 3 miles east of Warwick, 10 miles south of Coventry and 20 miles southeast of Birmingham.

Royal Leamington Spa benefits from excellent road communications with direct access to the M40 (Junctions 13, 14 and 15). The M6, to the north (Junction 3) and the M1, to the east (Junctions 16 and 17), are also within easy reach. The town's National Rail station provides direct services to Oxford (35 minutes), Birmingham (Moor Street, New Street, Snow Hill and International stations: 35 minutes, or less) and London (Marylebone and Euston: 1 hour and

20 minutes). Birmingham Airport is located approximately 16 miles northwest of the town, offering a wide variety of domestic and international flights.



Planning

The upper floors of the property, comprising office and ancillary retail accommodation, present a compelling conversion opportunity, subject to obtaining necessary consents.

Indicative floor plans for a proposed residential conversion scheme are available on request.



Tenancy

Please see tenancy schedule outlined in the detailed brochure.





VAT

We are advised that VAT is applicable to the purchase price, although the sale is likely to be treated as a TOGC.



EPC

Available upon request.



Legal Costs

Each party is to be responsible for their own legal costs that may be incurred in this transaction.



Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.



Disclaimer

A Director of Bond Wolfe has a vested interest in this property.