Basement Browns, 77-79 Warwick Street, Leamington Spa, CV32 4RR
- SIZE AVAILABLE
675-1,240 sq ft
63-115 sq m
- SECTOR
Industrial development for sale
Key features
- Restaurant at ground floor and basement; 3 x 1 bed apartments and 3 x 2 bed apartments at upper floors
- Current net income: £123,290 per annum
- Ground floor and basement restaurant premises let on new lease
- Good secure rental income from 6 x self-contained upper floor apartments
- Proposed sale price of £1.4m exclusive showing a net initial yield of 8.33% following usual purchaser's costs of 5.75%
Description
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 south east 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 speciality 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.
To arrange a viewing please contact:
Bill Wareing - Wareing & Company - - bill.
Jon Blood - Wareing & Company - - jonathan.
Sheryl Hoare - Sanderson Weatherall - - sheryl.
Sandeep Sharma - Sanderson Weatherall - - sandeep.
The accommodation comprises the following areas:
Brochures
Basement Browns, 77-79 Warwick Street, Leamington Spa, CV32 4RR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leamington Spa Station0.5 miles
- Warwick Station2.1 miles
- Warwick Parkway Station3.3 miles
Notes
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