Property Details

Regent Street is located in the heart of Leamington Spa, bisecting the prime retailing location known as the Parade. The site is identified on the attached street map. This popular secondary retailing zone is serviced by on-street and multiple car parks, excellent public transport, and is a short walk from many local amenities including the famous parks and gardens of Leamington Spa.

Description Town Centre Freehold Retail And Residential Investment Location Regent Street Is Located In The Heart Of Leamington Spa, Bisecting The Prime Retailing Location Known As The Parade. The Site Is Identified On The Attached Street Map. This Popular Secondary Retailing Zone Is Serviced By On-street And Multiple Car Parks, Excellent Public Transport, And Is A Short Walk From Many Local Amenities Including The Famous Parks And Gardens Of Leamington Spa. Services All Mains Services Are Connected To The Properties And Are Independent To Each Unit. Tenure Subject To Two Freehold Titles. Rent Price Freehold Price: £1,340,000. 117 Regent Street Tenant: The Danish Wardrobe Company Limited Lease For A Term To Expire On The 7th January 2029 Rent: £35,000 Per Annum Rent Review: 8th January 2024 Break Clause: No Break Clause Repairing Liability: The Lease Is Drawn On Internal Repairing And Insuring Terms To Include The Shop Front 119 Regent Street Tenant: Parkinsons Limited Lease For A Term To Expire On The 31st August 2025 Rent: £28,000 Per Annum Rent Review: No Outstanding Rent Review Break Clause - No Break Clause. Repairing Liability: The Lease Is Drawn On Internal Repairing And Insuring Terms To Include The Shop Front 8 Satchwell Walk Ast To Expire 20th July 2024 Rent: £1,295 Per Calendar Month 9 Satchwell Walk Ast To Expire October 2024 Rent: £895 Per Calendar Month 10 Satchwell Walk Ast To Expire August 2024 Rent: £1,195 Per Calendar Month We Are Advised That The Properties Are Elected For Vat. Vat Is Payable In Respect Of The Commercial Rents, However, Not Payable On The Flat Rents. Rates The Rateable Values For The Current Year Are: 117 Regent Street: £25,500 119 Regent Street: £22,500 Council Tax Banding 8 Satchwell Walk: Band B 9 Satchwell Walk: Band A 10 Satchwell Walk: Band A Legal Costs Each Party Will Be Responsible For Their Own Legal Costs. Epc 8 Satchwell Walk: E-40 9 Satchwell Walk: C-70 10 Satchwell Walk: D-68 117 Regent Street: B-46 119 Regent Street: C-51 Current Rental Income £103,620 Per Annum 2 Well Let Retail Units And 3 Apartments Excellent Vibrant Town Centre Location Refurbished 15 Years Ago Sought After Secondary Retailing Location Fully Let And Income Producing Close To Prime Retail And High Quality Hospitality Sectors