117 & 119 Regent Street, Leamington Spa, Warwickshire, CV32 4NU
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Current Rental Income £103,620 Per Annum
- 2 Well Let Retail Units and 3 Apartments
- Excellent Vibrant Town Centre Location
- Refurbished 15 Years Ago
- Sought After Secondary Retailing Location
- Fully Let and Income Producing
- Close To Prime Retail and High Quality Hospitality Sectors
Description
Town Centre Freehold Retail and Residential Investment
Location
Regent Street is located in the heart of Leamington Spa, bisecting the prime retailing location known as the Parade. The site is identified on the attached street map. This popular secondary retailing zone is serviced by on-street and multiple car parks, excellent public transport, and is a short walk from many local amenities including the famous parks and gardens of Leamington Spa.
Services
All mains services are connected to the properties and are independent to each unit.
Tenure
Subject to two freehold Titles.
Rent
Price
Freehold price: £1,340,000.
117 Regent Street
Tenant: The Danish Wardrobe Company Limited
Lease for a term to expire on the 7th January 2029
Rent: £35,000 per annum
Rent review: 8th January 2024
Break Clause: No break clause
Repairing Liability: The lease is drawn on internal repairing and insuring terms to include the shop front
119 Regent Street
Tenant: Parkinsons Limited
Lease for a term to expire on the 31st August 2025
Rent: £28,000 per annum
Rent review: No outstanding rent review
Break Clause - No break clause.
Repairing Liability: The lease is drawn on internal repairing and insuring terms to include the shop front
8 Satchwell Walk
AST to expire 20th July 2024
Rent: £1,295 per calendar month
9 Satchwell Walk
AST to expire October 2024
Rent: £895 per calendar month
10 Satchwell Walk
AST to expire August 2024
Rent: £1,195 per calendar month
We are advised that the properties are elected for VAT.
VAT is payable in respect of the commercial rents, however, not payable on the flat rents.
Rates
The rateable values for the current year are:
117 Regent Street: £25,500
119 Regent Street: £22,500
Council Tax Banding
8 Satchwell Walk: band B
9 Satchwell Walk: band A
10 Satchwell Walk: band A
Legal Costs
Each party will be responsible for their own legal costs.
EPC
8 Satchwell Walk: E-40
9 Satchwell Walk: C-70
10 Satchwell Walk: D-68
117 Regent Street: B-46
119 Regent Street: C-51
Current Rental Income £103,620 Per Annum
2 Well Let Retail Units and 3 Apartments
Excellent Vibrant Town Centre Location
Refurbished 15 Years Ago
Sought After Secondary Retailing Location
Fully Let and Income Producing
Close To Prime Retail and High Quality Hospitality Sectors
Brochures
117 & 119 Regent Street, Leamington Spa, Warwickshire, CV32 4NU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leamington Spa Station0.4 miles
- Warwick Station2.1 miles
- Warwick Parkway Station3.3 miles
About ehB Reeves, Leamington Spa
Somerset House Clarendon Place, Royal Leamington Spa, CV32 5QN
ehB Reeves is a dynamic professional firm of Chartered Surveyors, Commercial Estate Agents and Commercial Property Consultants in the West Midlands, offering experience across all sectors of the commercial property market.
Our core services include sales, lettings, and acquisitions, management, valuations, investment, rent reviews, lease renewals and corporate property advice, landlord and tenant advice, and rating of commercial property to include offices, shops, warehouses, industrial
Notes
Disclaimer - Property reference 646FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ehB Reeves, Leamington Spa. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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