7 Bedford Street, Leamington Spa, CV32 5DY

Description



An interesting town centre redevelopment site, currently a retail unit with ancillary storage and yard with planning consent for an impressive five storey commercial building which would provide modern open plan offices on all floors. Significant residential possibilities subject to planning consent.



Location



Bedford Street is located in the heart of Leamington Spa town centre, running parallel to the Parade, linking Regent Street to Warwick Street, a location with occupiers such as Marks and Spencer, Lee Longlands, bars, restaurants and business space. With the conversion of the former House of Fraser to high quality modern offices, soon to be occupied by major computer game development company Sumo Group. Leamington Spa is now an international name in this sector, home to Playground Games, Kwalee, Unit 2 Games, Pixel Toys, Ubisoft and Codemasters amongst others.



Services



All mains services are available for connection to the site.



Tenure



The property is to be sold freehold subject to vacant possession. The vendor will consider a sale and lease back option on a short term basis if required.



Planning



Class E at present with planning consent, under application number W/23/0184, for a new build.



Rent



Offers based on £600,000 for the freehold interest.



Rates



The rateable value for the current year is £13,000.



Legal Costs



Each party will be responsible for their own legal costs.



EPC



B 43



Rare Town Centre Development Site



Site Area of 151.6 sq.m. ( 1,631sq.ft.) Approx



Planning for Five Floors of Modern Office/Studio Accommodation



Residential Possibilities (STPC)
( Agency Pilot Software ref: 683 )