Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view 31 Regent Street, Leamington Spa, CV32 5EJ 3,913 Sq Ft / Other / Investment Withdrawn - Last updated: 09 October 2024 SummaryThe property itself comprises: A Grade II Listed, 4 storey, mid terraced, Regency building. Traditional Brick Built construction with rendered front elevation, surmounted with pitched Welsh Slate roof and incorporating Sash Windows and timber shop front. Apartment 1 – Located over second and Third floor comprises a two-bed apartment with Kitchen/dining room and shower room (potential for 4 bed HMO subject to licensing). Apartment 2, Located on First floor, comprises 2 bed apartment with kitchen/dining room and shower room. Apartment 3 - Located over First and second floor, comprises a 1 bed apartment with kitchen/diner and shower/wc.Key PointsCurrent passing rent £57,600Excellent rental uplift potentialGreat Town Centre locationProposal Sale Price: £650,000 excl. showing a net initial yield of 8.45% following usual purchaser’s costs of 4.88%.Reversionary income potential £72,300 per annum excl. which is reflective of a net initial yield of 10.61%.Comprising Restaurant at Ground floor and basement, 1 x 2 bed apartment (potential for 4 bed HMO subject to licensing), 1 x 2 bed apartment & 1 x 1 bed apartment.EPCsGround & Basement: A 25 Flat 1 79 Warwick St: C 74 Flat 2 79 Warwick St: C 77 Flat 3 79 Warwick St: D 63 Copies of all EPC’s can be made available upon request.Rates / Council TaxGround & Basement: Rateable Value (from 1st April 2023) £11,250 Flat 1: Council Tax Band B Flat 2: Council Tax Band A Flat 3: Council Tax Band APriceGuide Price £650,000 excl. (six hundred and fifty thousand pounds) exclusive. We are advised that the property is NOT elected for VATLocationThe property is situated on 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 specialty shopping. The immediate area comprises a great mixture of independent retailers and restaurants. Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist