Commercial property for sale in Leamington Spa

For Sale by private treaty.  Offers in the region of £390,000 are sought. A purchase at this level would equate to a net initial yield of 6.9%, based per annum after purchasers costs of 4.11%.  Freehold Town Centre Retail Investment Opportunity  The property comprises a Freehold two story grade II listed property affording ground floor retail accommodation with ancillary areas above. The property extends to 1,167 sq.ft. (108.45 sq.m).  Accommodation The property extends to 1,167 sq.ft. (108.45 sq.m).  Location 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 southeast 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. Notable nearby occupiers include Caf Nero, Esquires, Green King, Oliver Bonas, Oxfam, and Tesco.  Tenure Freehold Subject to the existing tenancy.  Tenancy The entire property is let to CT Health Tourism LTD (trading as Turkish Barbers Club) for a term of 15 years from 24th November 2016, expiring 23rd November 2031, with no break clauses. The passing rent is £28,000 per annum and we are advised that there is a rent review at 24th November 2026.  Tenant Profile Turkish Barbers Club is considered one of the best and most popular barber shops in Royal Leamington Spa, United Kingdom. The barbershop is located on 55 Warwick Street, Leamington Spa and is rated 4.6 out of 5 stars by 245 unique and verified visitors.  VAT We are advised that VAT is payable, although it is anticipated that the transaction will be dealt with by way of a TOGC.  EPC Available upon request  Legal Costs Each party is to be responsible for their own legal costs that may be incurred in this transaction.   Anti Money Laundering In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.  Disclaimer A director at Bond Wolfe has a vested interest in this property.

Commercial property for sale in Leamington Spa

Retail property (high street) for sale

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