A Regency investment property being a Grade 2 listed five storey mid terraced building with ground floor retail investment and two residential units (one being registered HMO) on lower ground floor, first and second floors with partial accommodation in the roof-space.
( Agency Pilot Software Ref: 253 )
Location
Located on Regent Street, within the heart of Leamington Spa's town centre, in a busy secondary retailing pitch, adjacent to a range of independent retails, restaurants and bars.
Accommodation
Shop Retail Area (net) 496 sq.ft
Net internal frontage 4.5m
Overall shop depth 11.89m
Terms
Rates Rateable value for the shop for current year is £7,700 Council tax assessment for the basement apartment is A Council tax assessment for the upper floor apartment is B
Service Charge The landlord charges the shop tenant £600 p.a on account to cover their 33% liability to the building service charge. The landlord covers the balance.
EPC As a listed building no epc applicable.
Fixtures and Fittings The price is to include the vendor’s fixtures and fittings associated with the residential lettings, to include white goods and furniture.
PRICE £670,000 For the freehold interest, subject to the lease details set out above.
Legal Costs Each party will meet their own legal costs.
Specification
- Price Reduction Freehold Price £670,000
- Excellent Retail and Residential Investment Potentially Producing £47,200 p.a gross income
- Lock Up Shop and Two Apartments
- Town Centre Position with Excellent Amenities
- Rear Paved Walled Garden with Pedestrian access
- Compliant HMO on 1st and 2nd Floors
- Grade II Listed Building