7-9 Spencer Street, Leamington Spa, Warwickshire, CV31 3NE

Description

A mid terraced period building with 85 cover restaurant on the ground floor and basement. Rear kitchen and ancillary space and small yard areas. Upper floors are residential units held on long leases with separate access.

Location

7-9 Spencer Street is located in the centre of Leamington Spa, a short walk from the prime town centre, close to Leamington rail station and in the heart of a vibrant leisure, business and creative quarter of the town. The Assembly Music venue, gyms, The Loft theatre, numerous bars, restaurants, The Fold Creative Business Centre and Leamington Spa's famous, beautiful public gardens and The Parade, all very near by, within walking Distance.
What 3 Words: flops.older.timing

Services

Mains gas, electricity, water and drainage are connected to the property. The upper floors and separately metered.

Tenure

Freehold, subject to the upper floors being let subject to long ground leases.

Planning

E User Class (Restaurant)

Rent

Purchase Price £315,000 freehold. The vendor would consider granting a lease at £24,000 per annum excl'.

Rates

The rateable value for the current year is £16,500.

Service Charge

The upper floors will contribute 50% of the cost of maintenance of the principle roof, foundations, rendered elevations and building insurance.

Legal Costs

Each party will be responsible for their own legal costs associated with this transaction

EPC

D 95

Town Centre Restaurant with 85 Covers

Ground and Lower Ground Floor

Attractive Restaurant Frontage

Busy and Vibrant Town Centre Location