Newly developed corner retail unit to let.
Location
Royal Leamington Spa is an affluent Warwickshire town located approximately 25 miles south east of Birmingham, 10 miles south of Coventry and 11 miles north west of Stratford-upon-Avon. Famed for its Regency buildings, Leamington Spa supports a strong population of approximately 50,000.
The subject premises provide a prominent return frontage to Warwick Street and Guy Street, opposite Royal Priors Shopping Centre and adjacent to the 150 space Chandos Street car park.
The property is arranged over ground floor only, with nearby occupiers including Hotel Chocolat, Waterstones, Boots, Coffee #1. Other retailers in the vicinity include Oliver Bonas, Superdry and Ernest Jones.
Accommodation
The property provides 5,500 sq ft of lettable retail/ leisure space which can be split to suit individual requirements.
Terms
To Let - Terms are available on request via the joint agents. All rents shall be exclusive of Local Authority Business Rates, Service Charge, VAT, Utilities and all other outgoings.
VAT - The property is elected for VAT.
Legal Costs - Each party will be responsible for their own legal and professional fees incurred in this transaction.
EPC - An Energy Performance Certificate will be achieved on completion of the development.
Business Rates - The premises shall be assessed on completion of the new letting(s).
The current UBR is XXX in the £. Under the latest Government relief qualifying retail and hospitality businesses impacted by Covid-19 will receive full rates relief until 30/6/21, thereafter and to 31/3/22 there will be a discount of 66%. This information is for guidance only and all parties should satisfy themselves with the local billing authority, Warwick District Council on 01926 450 000.
Planning - The property is categorised as Use Class E and can therefore be used for the following uses from 1st September 2020:- retail shop, financial and professional services, café or restaurant, office use, clinic, health centre, crèche and gym. (This information is given for guidance purposes only and prospective tenants are advised to make their own enquiries at Warwick District Council on 01926 450 000).
Specification
- Town Centre location.
- Frontage to Warwick Street and Guy Street.
- Adjacent to Chandos Street Car Park.
- Highly affluent catchment area.
- Set within the luxury development of The Hide, which comprises 26 quality residential apartments.
- Class E premises.
- Stunning Regency style building.
- Up to 5,514 sq ft trading space available.
- Potential to split to suit requirements 2,096 sq ft (194.71 sq m) to 5,514 sq ft (512.21 sq m).
- Occupiers in the vicinity include Mountain Warehouse, Coffee #1, Boots, Waterstones and Braid Barbers.