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5 Units In Converted Property, Clarendon Square, Leamington Spa, CV32 5QY

not specified / Offices

For Sale - £19,950.00

Sold - Last updated: 15 March 2022

A converted Regency town house overlooking the formal Victorian gardens of Clarendon Square. Converted to provide five self-contained units split across six floors.

Location

Royal Leamington Spa is a beautiful and prosperous town located in the heart of Warwickshire. With a current population of around 50,000, the town’s growth was largely due to the natural spa springs that were discovered and commercialised in the nineteenth century

Accommodation

Five Units in Converted Regency Property

Terms

Lease Terms - 125 years from 1st January 2003. Hence,approximately 107 years unexpired Landlord & Tenant Act 1987

Landlord & Tenant Act 1987 - Section 5(a) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have declined their right of first refusal under the legislation.

Details of Uplift - The ground rents are currently £75 per annum each, doubling every 25 years. The date of the next uplift is January 2028.

Management/Insurance/Service Charge - We understand that the freeholder is responsible for maintenance, management and insurance of the building, recovering the cost from the leaseholders by way of a service charge

Legal Costs - Each party will be responsible for their own legal costs associated with the transaction

Specification

  • Freehold Ground Rents
  • Five Units in Converted Regency Property
  • 125 years from 1st January 2003
  • Ground rent total £375pa
  • Uplift to £750pa in 2028
  • Leases approximately 107 years unexpired

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Leasehold £19,950.00 NA

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