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Retail Unit With Office Above In Sought After Area, 106 & 106a Parade, Leamington Spa, CV32 4AQ

639 to 1,979 Sq Ft / Retail / General Retail

Withdrawn - Last updated: 13 February 2022

Ground Floor Retail Space - The subject property comprises ground floor lock up shop which has largely been stripped back to shell ready for tenants fit out.

To the rear of the property, there is a WC and Storage room plus the possibility to create external seating area in the car park at the back of the property.

Mains Water, Drainage and electricity are all connected to the property. Gas is thought to be in the area but tenants are advised to make their own investigations in this regard.

1st Floor Office Space - The subject property has recently undergone a refurbishment where works have included, new carpet tile floor coverings and decoration throughout with the lighting in the main office also being upgraded to LED.

The space largely comprises open plan office with separate kitchen/meeting room and ladies/ gents WC’s.

Heating is by way of newly installed electric radiators.

Location

The property is situated on the Parade, Leamington Spa’s prime retailing pitch, located in the centre of the town proximate to the Royal Priors Shopping Centre’s entrance, via Parade.
 
The property itself is accessed off the parade and Leamington Station is only a 10 minute walk away providing links to Birmingham Grand Central and London Marylebone.
 
Retailers in the immediate vicinity include: Marks & Spencer, H&M, Oliver Bonas, Boots, Vodafone, Superdrug etc.

Accommodation

Ground Floor Retail Space - 1,340 sq ft (124.49 sq m)

1st Floor Office Space - 639 sq ft (59.37 sq m)

Terms

Ground Floor Retail Space:

Lease - The property is available by way of a new effective full repairing and insuring lease on terms to be negotiated.

Planning - User Class E (formerly A1 Retail)

EPC - E-106

Rating Assessment - Rateable Value: £XXXTBC

To be re-assessed.

Service Charge - To be confirmed

Rent - £XXX Per Annum excl.

Legal Costs - Each party will meet their own.

1st Floor Office Space:

Lease - The property is available by way of a new effective full repairing and insuring lease on terms to be negotiated.

Planning - User Class E (formerly B1 office)

EPC - E-106

Rating Assessment - Rateable Value: £XXXTBC

The rateable value will need to be re-assessed but is envisioned tenants will benefit from some small business rates relief

Service Charge - To be confirmed

Rent - £XXX Per Annum excl .

Legal Costs - Each party will meet their own legal costs.

Specification

  • Available Immediately on New Lease
  • First Floor office also available by separate negotiation
  • Stripped back to shell ready for occupier fit-out
  • Potential for external seating at rear of property
  • Sought after retail/leisure pitch in heart of Town Centre
  • Nearby occupiers include; Marks & Spencer, River Island, H&M, plus adjacent to Royal Priors
  • First floor recently refurbished to modern standard
  • Within close proximity of Leamington Station


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