Georgia House
6 Augusta Place, Leamington Spa, CV32 5ELThe Space
PRIME TOWN CENTRE MID TERRACED 4 STOREY PROPERTY INVESTMENT
At a glance
| Property Type | Offices |
| Tenure | To Let / For Sale |
| Size | 889 to 1,615 sq ft |
| Price | Offers in excess of £400,000 For Ground floor Office and basement plus 2 Bed Apartment |
| Business Rates | £4,341.30 per annum Subject to occupier status, the majority of occupiers will benefit from Small Business Rate Relief |
| Energy Performance Rating | Upon enquiry |
Leamington Spa
7 mins
Warwick
36 mins
Warwick Parkway
61 mins
Kenilworth
77 mins
Chesham
1089 mins
Amersham
1122 mins
Chalfont and Latimer
1154 mins
Chorleywood
1192 mins
Key Points
- Office at ground floor and basement
- Duplex apartment over first and second floors
- Close to St Peters Multi-storey car park
Description
Specification Includes:-
Mid terrace 4 storey property (including basement).
Painted brickwork elevations, timber framed sash windows and pitched tiled roof.
Large extension to rear.
Front foyer/lobby area with access to WC, large open plan office to incorporate tea point, meeting room.
Basement office / storage facility.
Duplex apartment incorporating 1 x bedroom, understairs storage, built in wardrobes, shower room, living room and kitchen on first floor and 1 x Master bedroom on second floor.
Apartment accessed via side gate in alley.
Occupiers of apartment have 2 parking permits.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Basement - Office | 10.45 | 0.97 | Available |
| Ground - Office | 777 | 72.19 | Available |
| 1st - Apartment | 545 | 50.63 | Available |
| 2nd - Apartment | 181 | 16.82 | Available |
| Total | 1,513.45 | 140.61 |
The Location
Augusta Place runs between Regent Street and Dormer Place. The immediate area is predominantly residential and within a few minutes walk is Parade, the principal retail area of the town, a variety of bars, restaurants, gym and bus stops. Time limited “Pay & Display” parking is available on Augusta Place and close by is St Peters Multi-storey Car park.
The railway station is within easy walking distance across Pump Room Gardens and provides regular services to Birmingham and London Marylebone whilst the nearby A452 (Dale St / Adelaide Rd) provides easy access to the Junctions 13/14 of the M40 and A46 respectively.
Tenure
The property is available freehold subject to an occupational tenancy on the apartment producing a rental of £20,000 per annum (which is inclusive of utilities) and the ground floor offices being leased for a period of 12 months at a rent of £12,000 per annum, hence producing a rental income of £32,000 per annum.
Alternatively, the offices are available to let on a new lease at a rent of £12,000 per annum on terms to be negotiated.
Services
We understand that all mains water, gas, electricity and drainage services are connected to the site. They are all on one meter however, interested parties are advised to satisfy themselves that this is the case and that they are in good working order. The agents have not tested any apparatus on site and therefore, cannot verify the conditions.
Planning
We understand that the ground floor has the benefit of planning permission for User Class E purposes (General Office Use). The first and second floor has planning for C3 Dwellinghouse. Interested parties are advised to make their own enquiries of Warwick District Council Planning Department on 01926 456760.
Business Rates / Council Tax
Rateable Value: £8,700 (April 2023)
Rates Payable: £4,341.30 per annum
Subject to occupier status, the majority of occupiers will benefit from full Small Business Rates Relief.
Council Tax: Band B. Payable (2024) £1,738.24 per annum.
EPC / Council Tax
Offices - TBC.
Apartment – E53.