119 Regent Street, Leamington Spa, CV32 4NU

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 properties and are independent to each unit.



Tenure



Subject to the freehold title, lease of 119 Regent Street and AST of 9 and 10 Satchwell Walk.



Rent



Freehold price: £700,000.
We are advised the property is VAT elected. VAT is payable in respect of the commercial rents, however VAT is not applicable on the flat rents.



Rates



The rateable value for the current year is £22,500
Council Tax Band for 9 Satchwell Walk is: Band A
Council Tax Band for 10 Satchwell Walk is: Band A



Legal Costs



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



EPC



119 Regent Street: C-51
9 Satchwell Walk: C-70
10 Satchwell Walk: D-68



Current Rental Income of £53,080 per annum



Well Let Retail Unit and Two Apartments



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: 666 )