131 Regent Street
Leamington Spa, CV32 4NXThe Space
Investment For Sale - Ground floor self contained lock up shop unit
At a glance
| Property Type | Investment |
| Tenure | For Sale |
| Size | 400 sq ft |
| Business Rates | £4,990 per annum |
| Energy Performance Rating | Upon enquiry |
Leamington Spa
9 mins
Warwick
40 mins
Warwick Parkway
65 mins
Kenilworth
77 mins
Chesham
1088 mins
Amersham
1121 mins
Chalfont and Latimer
1153 mins
Chorleywood
1190 mins
Key Points
- Investment available representative of 7.2% net initial yield
- Prominent Town Centre location
- On road Pay & Display parking
- High footfall
Description
Specification Includes:
Self-contained, ground floor, lock-up shop which has recently undergone and extensive refurbishment.
Rear of property comprises, tea-point, WC and store.
Rear pedestrian access.
The property has a single glazed shop front window set withing a timber frame.
Internally, the property will be handed over subject to tenant fitout.
The Location
The property is located on Regent Street situated between the intersections of Park Street and Kenilworth Street.
The unit is situated right in the heart of the town centre, a short walk from the Parade, the town’s primary retail pitch and adjacent to the entrance to Regent Court, the town’s main restaurant quarter. Nearby tenants include Taverna Meraki, Giggling Squid, Café Nero, Jojo Mama, Bang & Olusen and Farrow & Ball.
There is Pay & Display parking directly outside the property on Regent Street which extends to Regent Grove and Park Street, a well as the Royal Priors multi-storey car park (450 spaces).
Tenure
The property is subject to an occupational lease at a rent of £13,950 per annum for a term expiring 30 June 2025.
Offers are invited in the region at £190,000 exclusive which is reflective of a 7.2% net initial yield allowing purchaser costs of 1.92%.
Business Rates
Estimated Rateable Value: £10,000 (2023 Rating List)
Subject to occupational status, it is envisaged occupiers may benefit from some Small Business Rates Relief.
Planning
We understand that the property has the benefit of planning permission for User Class E purposes. Interested parties are advised to make their own enquiries of Warwick District Council Planning Department on 01926 456760.