36 regent street 36 regent street, leamington spa leamington spa ...
FREEHOLD INVESTMENT PROPERTY FOR SALE
36 REGENT STREET, STREET, LEAMINGTON SPA WARWICKSHIRE CV32 5EG
• Prominently Situated Town Centre Period Retail Premises Arranged on Three Floors plus Cellar • Total Area 135.69m² (1,461ft²) • Let On Licence At £14,400 Per Annum Rising To £16,800 Per Annum From 1 May 2015 • Offers Around £450,000 £450,000
36 Regent Street, Leamington Spa, CV32 5EG
LOCATION
Stairs to:
36 Regent Street occupies a prominent trading location in the centre of Leamington Spa being near to the prime retail pitch, The Parade.
Second Floor
Situated amongst a number of national and local concerns, the premises are also conveniently situated for all other town centre amenities and public car parking facilities. The town is about ten miles south of Coventry and eleven miles north-east of Stratford-upon-Avon. Junctions 13, 14 and 15 of the M40 are all about four to five miles to the south/southwest. The A46 is about three miles distant.
Store Room
7.20 m² (78 ft²)
Store Room
14.0 m² (151 ft²)
Kitchen
7.64 m² (82 ft²)
SUMMARY OF FLOOR AREAS Ground Floor First Floor Second Floor
73.68 M² (793 (793 Ft²) 33.17 M² (357 (357 Ft²) 28.84 M² (311 (311 Ft²)
TOTAL NET INTERNAL AREA 135.69 M² (1,461 (1,461 Ft²) TENURE
According to Census 2001, the town has a population of 61,595. DESCRIPTION The premises comprise a three storey town centre period building providing retail space at ground floor level with ancillary accommodation on two upper floors plus cellar.
The premises are available freehold, subject to a Licence in favour of Mr C Andrews trading as Venue menswear – this is for a period from 1 May 2014 to 30 April 2017 at a commencing fee of £14,400 per annum (pa) rising to £16,800 pa with effect from 1 May 2015. PURCHASE PRICE
ACCOMMODATION (All measurements are approximate and on a net internal area basis)
Offers around £450,000.
Ground Floor
Each party to pay their own legal costs.
Sales Area Internal Width (front): Shop Depth: Net Sales Area:
5.91m (19’5”) 13.33m (43’9”) max. 73.68m² (793ft²)
COSTS
VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable.
Stairs down to cellar (not measured or inspected).
FIXTURES AND FITTINGS
Stairs up to:
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any letting.
First Floor Office/Store Office/Store Room WC
33.17 m² (357 ft²)
RATES We are informally advised by the Local Authority that the current assessment is:-
36 Regent Street, Leamington Spa, CV32 5EG
Rateable Value: £22,500 Rates Payable 2014/15: £10,483.50 Prospective purchasers are recommended to make their own enquiries with the Local Authority for verification.
Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
TOWN PLANNING/USE
iii)
The premises are understood to have an existing use for Class A1 (Shops) purposes and are situated in the Leamington Spa Conservation Area.
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.
LOCAL AUTHORITY Warwick District Council Riverside House Milverton Hall Leamington Spa CV32 5HZ Tel: 01926 410410
Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
36 Regent Street, Leamington Spa, CV32 5EG
Subject property for identification purposes
36 REGENT STREET, STREET, LEAMINGTON SPA WARWICKSHIRE CV32 5EG
• Prominently Situated Town Centre Period Retail Premises Arranged on Three Floors plus Cellar • Total Area 135.69m² (1,461ft²) • Let On Licence At £14,400 Per Annum Rising To £16,800 Per Annum From 1 May 2015 • Offers Around £450,000 £450,000
36 Regent Street, Leamington Spa, CV32 5EG
LOCATION
Stairs to:
36 Regent Street occupies a prominent trading location in the centre of Leamington Spa being near to the prime retail pitch, The Parade.
Second Floor
Situated amongst a number of national and local concerns, the premises are also conveniently situated for all other town centre amenities and public car parking facilities. The town is about ten miles south of Coventry and eleven miles north-east of Stratford-upon-Avon. Junctions 13, 14 and 15 of the M40 are all about four to five miles to the south/southwest. The A46 is about three miles distant.
Store Room
7.20 m² (78 ft²)
Store Room
14.0 m² (151 ft²)
Kitchen
7.64 m² (82 ft²)
SUMMARY OF FLOOR AREAS Ground Floor First Floor Second Floor
73.68 M² (793 (793 Ft²) 33.17 M² (357 (357 Ft²) 28.84 M² (311 (311 Ft²)
TOTAL NET INTERNAL AREA 135.69 M² (1,461 (1,461 Ft²) TENURE
According to Census 2001, the town has a population of 61,595. DESCRIPTION The premises comprise a three storey town centre period building providing retail space at ground floor level with ancillary accommodation on two upper floors plus cellar.
The premises are available freehold, subject to a Licence in favour of Mr C Andrews trading as Venue menswear – this is for a period from 1 May 2014 to 30 April 2017 at a commencing fee of £14,400 per annum (pa) rising to £16,800 pa with effect from 1 May 2015. PURCHASE PRICE
ACCOMMODATION (All measurements are approximate and on a net internal area basis)
Offers around £450,000.
Ground Floor
Each party to pay their own legal costs.
Sales Area Internal Width (front): Shop Depth: Net Sales Area:
5.91m (19’5”) 13.33m (43’9”) max. 73.68m² (793ft²)
COSTS
VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable.
Stairs down to cellar (not measured or inspected).
FIXTURES AND FITTINGS
Stairs up to:
All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from any letting.
First Floor Office/Store Office/Store Room WC
33.17 m² (357 ft²)
RATES We are informally advised by the Local Authority that the current assessment is:-
36 Regent Street, Leamington Spa, CV32 5EG
Rateable Value: £22,500 Rates Payable 2014/15: £10,483.50 Prospective purchasers are recommended to make their own enquiries with the Local Authority for verification.
Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
TOWN PLANNING/USE
iii)
The premises are understood to have an existing use for Class A1 (Shops) purposes and are situated in the Leamington Spa Conservation Area.
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.
LOCAL AUTHORITY Warwick District Council Riverside House Milverton Hall Leamington Spa CV32 5HZ Tel: 01926 410410
Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 e-mail: [email protected] (Ref. SRE)
36 Regent Street, Leamington Spa, CV32 5EG
Subject property for identification purposes
