131 Regent Street, Leamington Spa, CV32 4NX

Summary

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.

Key Points

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.

Location