Skip to content
UNDER OFFER

93-95 Bedford Street, Leamington Spa, CV32 5BB

POA
Wareing & Company, Leamington Spa
SIZE AVAILABLE

6,101 sq ft

567 sq m

SECTOR

Office for sale

Key features

  • Excellent Town Centre building
  • Within close promimity of Leamington Railway Station
  • Available freehold with a current income of £44,356 PAX, if fully occupied £69,869 PAX
  • Reflective of 8.05% NIY (on full occupancy)
  • May be suitable for residential conversion (STPP)

Description

The property comprises a modern, 3 storey office building with rendered and recently decorated front elevations incorporating a shop front style at ground floor and aluminum framed windows to the upper levels.

The property is thought to have been constructed in the 1990’s for Barclays bank as their business centre. Since, the property has been multi occupied (see tenancy schedule at bottom of this page).

Internally, the property benefits from foyer area at ground floor, lift access, largely open plan office suites and shared WC’s at ground and second floor. The common areas have also only recently been redecorated.

Full virtual tour available below image on this page.

The property may be suitable for residential conversion (STPP) and an architect's sketch scheme can be made available (on request) for the 12 studio apartments.

The property is situated to the south of Bedford Street, a short walk from Dormer Place and the Pump Room Gardens.

It is located centrally within Leamington Spa, a short walk from Parade (the town’s prime retail location) and other local amenities.

Royal Leamington Spa is an attractive and affluent Spa town located in the heart of Warwickshire. It is popular amongst gaming companies and other employers who can benefit from the town's links to Warwick University and their graduates.

The town is only 5 miles from Junction 13 & 14 of the M40 Motorway and is situated approximately 2 miles east of Warwick, 8 miles South of Coventry and 18 miles southeast of Birmingham.

Furthermore, the building is only a ten-minute walk from Leamington Spa Station, providing access to London Marylebone (1hr 15 mins), Birmingham New Street (45 mins) and Birmingham Airport/NEC (30 mins).

SAT NAV: CV32 5BB

We understand that all mains services are connected to the site however, interested parties are advised to satisfy themselves that this is the case and that they are in good working order. The agents have not tested any apparatus on site and therefore, cannot verify the conditions.

We understand that the property has the benefit of planning permission for User Class E purposes (General Office Use). Interested parties are advised to make their own enquiries of Warwick District Council Planning Department on .

Rateable Value Ground: £26,500
Rateable Value First: £30,750
Rateable Value Second: £18,750

A service charge is levied to contribute towards the cost of the electricity to communal areas, gas supply to the entire building, water and sewage charges, internal cleaning to common areas, waste management, internal repairs and maintenance to communal areas and external repairs and maintenance. This is re-charged to the tenants and is currently run by Harris Lamb. Service charge accounts can be made available upon request.

The property is available freehold subject to the occupational tenancies as stated in the schedule on page 4 of these details. Guide Price £825,000 Excl. VAT which we believe is applicable.

Ground: C 54
First: B 37
Second: E 111

The Money Laundering Regulations require us to conduct checks upon all Purchasers including Tenants. Prospective Purchasers will need to provide proof of identity and residence. For a company any person owning more than 25% must provide the same.

Brochures

93-95 Bedford Street, Leamington Spa, CV32 5BB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leamington Spa Station0.3 miles
  • Warwick Station2.0 miles
  • Warwick Parkway Station3.2 miles

About Wareing & Company, Leamington Spa

38, Holly Walk, Leamington Spa, CV32 4LY

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 280919-1. 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 Wareing & Company, 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.

Map data ©OpenStreetMap contributors.