Summary
The subject property comprises a Ground Floor, Self-contained, Lock up retail/leisure unit. Specification includes:-
Bar area
Kitchen service area and Kitchen including walk in fridge freezer
WC’s
Stores
Large open Plan seating areas.
Lighting throughout
Air Conditioning
Key Points
Located in sought after restaurant quarterAvailable immediately on new lease
Services
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.
Planning
We understand that the property has the benefit of planning permission for User Class E purposes. Interested parties are advised to make their own enquiries of Warwick District Council Planning Department on 01926 456760.
Business Rates
Rateable Value: £55,500 (April 2023)
Rates Payable: £28,416 per annum
Service Charge
A service charge will be levied to contribute towards the cost of communal and external upkeep and maintenance. This is currently £26,000 Per Annum plus VAT.
Tenure
The property is available by way of a new effective full repairing and insuring lease at a rent of £65,000 per annum, plus VAT.
Location
The property is situated in Regent Court, which is widely regarded as the Town’s restaurant quarter, just off the popular retailing pitch of Regent 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.
The surrounding area largely comprises a mixture of residential and commercial premises and is a popular location amongst retailers and restauranteurs. Notably occupiers include: Nando’s, Turtle Bay, Gourmet Burger Kitchen, Cote, Yo! Sushi and Wingers.