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117 Regent Street, Leamington Spa, CV32 4NU

1,195 Sq Ft / Retail / Retail - High Street

For Sale - £660,000.00

Available - Last updated: 24 April 2024

Description



Freehold Investment in Leamington Spa Town Centre



Location



Regent Street is located in the heart of Leamington Spa, bisecting the prime retailing location known as the Parade. The site is identified on the attached street map. This popular secondary retailing zone is serviced by on-street and multiple car parks, excellent public transport, and is a short walk from many local amenities including the famous parks and gardens of Leamington Spa.



Services



All mains services are connected to the site and are independent to each unit. 8 Satchwell Walk is electrically heated.



Tenure



Subject to the freehold title, lease of 117 Regent Street and AST of 8 Satchwell Walk.



Rent



Freehold price: £660,000.
We are advised the property is VAT elected.
VAT is payable in respect of the commercial rents. VAT is not payable on the flat rents.



Rates



The rateable value for the current year is £25,500
Council Tax Band for 8 Satchwell Walk is: Band B



Legal Costs



Each party will be responsible for their own legal costs incurred in the transaction.



EPC



117 Regent Street: B-46
8 Satchwell Walk: E-40



Current Rental Income £50,540 per annum



Well let Retail Unit and Three Bedroom Apartment



Excellent Vibrant Town Centre Location



Refurbished 15 Years Ago



Sought After Secondary Retailing Location



Fully Let and Income Producing



Close to Prime Retail and High Quality Hospitality Sectors
( Agency Pilot Software ref: 665 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £660,000.00 NA

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Oliver Shelley

EHB Reeves

01926 270480

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