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Clarendon Square, Leamington Spa

£19,950

Business rates & charges may apply

Sheldon Bosley Knight, Warwickshire
SECTOR
Commercial development for sale

Key features

  • Freehold Ground Rents
  • Five Units in Converted Regency Property
  • 125 years from 1st January 2003
  • Ground rent total £375pa
  • Uplift to £750pa in 2028
  • Leases approximately 107 years unexpired

Property description

The freehold of this converted Regency town house is for sale. The freeholder has the right to receive the ground rents plus any potential sums due from leasehold extensions in the future. The building overlooks the formal Victorian gardens of Clarendon Square. Converted to provide five self-contained units split across six floors.

Location - Royal Leamington Spa is a beautiful and prosperous town located in the heart of Warwickshire. With a current population of around 50,000, the town’s growth was largely due to the natural spa springs that were discovered and commercialised in the nineteenth century

Lease Terms - 125 years from 1st January 2003. Hence,approximately 107 years unexpired

Landlord & Tenant Act 1987 - Landlord & Tenant Act 1987 Section 5(a) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have declined their right of first refusal under the legislation.

Details Of Uplift - The ground rents are currently £75 per annum each, doubling every 25 years.
The date of the next uplift is January 2028.

Management/Insurance/Service Charge - We understand that the freeholder is responsible for maintenance, management and insurance of the building, recovering the cost from the leaseholders by way of a service charge

Legal Costs - Each party will be responsible for their own legal costs associated with the transaction

Further Information - To discuss this investment please contact the commercial team:

Important Notes - We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight

Brochures

Clarendon Square, Leamington Spa

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leamington Spa Station0.7 miles
  • Warwick Station1.9 miles
  • Warwick Parkway Station3.2 miles

About Sheldon Bosley Knight, Warwickshire

Celixir House, Stratford Business & Technology Park, Banbury Road, Stratford-Upon-Avon, CV37 7GZ

Sheldon Bosley Knight, Warwickshire

Commercial agent with a coverage of West Midlands, Vale of Evesham, M5 Corridor, Cotswolds and Oxfordshire areas. We have a qualified and knowledgeable team of chartered surveyors with many years’ experience in the retail, industrial, office, development land and horticultural sectors.

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Notes

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Disclaimer - Property reference 30263427. 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 Sheldon Bosley Knight, Warwickshire. 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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