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2 Radford Road, Leamington Spa, CV31 1LX

2,071 Sq Ft / Other / Investment

Withdrawn - Last updated: 08 January 2024

Summary

The property itself comprises:
• End Of Terrace, Grade II Listed, 3 Storey, Regency Building
• Comprising; Basement, Ground Floor Retail and Rear store. Plus 2, 3 X bed Apartments which are
separately accessed and arranged over First, Second and Third Floor.
• Spec of shop includes: Carpet tile floor coverings, Single glazed – timber framed Shop window and door,
Gas fired central heating, Suspended Lighting, Neutral decoration throughout.
• Apartment Spec generally include: 1x Double bed, 1 x Single Bed, Lounge, Bathroom, Kitchen.


Key Points

  • Comprising: 3, 2 x Bed Apartments and Ground floor Retail Unit
  • Currently Let on 3 AST Agreements and License on Ground Floor
  • Current Passing Rent £28,200
  • Good Potential for Rental Uplift

  • Viewings

    Strictly by prior appointment only with the sole agent:

    Jonathan M Blood MRICS
    T 01926 430700 • M 07736 809963
    E Jonathan.blood@wareingandcompany.co.uk

    Location

    The property is situated in the historic Old Town of Leamington Spa adjacent The Former Town Hall, turned Police Station and more latterly Polish Community Centre.

    It is located on the corner of Radford Road and Althorpe Street which in turn leads to Althorpe Street Industrial Estate which has been earmarked for re-development under the Towns ‘Creative Quarter Regeneration Scheme’

    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 independents.

    Terms

    The property is available Freehold subject to 3 Assured shorthold Tenancy Agreements with a combined rental income of £25,200 Per Annum and a license to occupy the ground floor between the landlord and You Can Flourish Charity expiring 30 June 2023 at a rent of £3,000 Per Annum. The building is not elected for VAT


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