Retail Property (high street) to rent

110 Parade, Leamington Spa, Warwickshire, CV32

227 sq. m. | £55,000 pa| £4,583 pcm

Property Description

Commercial information

  • 2,443 sq ft (227 sq m)

Key features

  • Attractive double-fronted ground floor shop
  • First and second floor ancillary accommodation
  • Georgian-style building
  • New 10 or 15 year lease

Full description

Location

Royal Leamington Spa ranks 24th most affluent area in Great Britain (PROMIS 2009) and is an established sub-regional shopping centre with a population of 479,000 (10 mile radius 2016 Estimate) and a retail catchment population of 1.7M with a total spend of 330M (CACI 2010). Of this retail catchment 32% are Social Class AB and 25% earn more than 45,000 - both percentages being significantly above national average (CACI 2009) - Leamington Spa attracts 72% market share in its primary retail catchment.

Description

The property consists of an attractive double-fronted ground floor shop with first and second floor ancillary accommodation, set in an terraced, Georgian-style building.
There is rear loading and one car space.

Accommodation
  SQ M  SQ FT
Gross Frontage   5.79  19
Internal Width (front)   5.54  18.2
Internal Width (rear)   4.06  13.4
Shop Depth  23.39  16.9

  SQ M  SQ FT
Ground Floor Sales  110.55  1190
Units in Terms of Zone A     615
Ground Floor Cupboard  0.93  10

  SQ M  SQ FT
First Floor Ancillary   44.87  483
Second Floor Ancillary  32.33  348
Third Floor   Sealed Off  
Rear Yard   1 car space and rear loading  


Use

Current use of the premises is a retail shop within Class A1 of the Schedule to the Town & Country Planning (Use Classes) order 1987.

New Lease

New 10 or 15 year lease, on full repairing and insuring terms, subject to five-yearly rent reviews.

VAT

The exemption on this property has been waived, so VAT will be charged on the rent and any other relevant costs.

Legal Costs

Each side to pay their own legal costs.

More information from this agent

Nearest stations

  • Leamington Spa (0.3 mi)
  • Warwick (2.0 mi)
  • Warwick Parkway (3.2 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Leamington Spa (0.3 mi)
  • Warwick (2.0 mi)
  • Warwick Parkway (3.2 mi)
Distances are straight line measurements from centre of postcode

Disclaimer - Administration fees may apply when renting a property in England, Wales or Northern Ireland. For more details, please contact the agent.

Property reference 110Parade_CV324AQ. 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 Malcolm Martin, Chartered Valuation Surveyor.

Please refer to our Renting Guides for further information on how to safely rent a property.

Map data OpenStreetMap contributors.