COVID-19 Update

129 Regent Street, Leamington Spa, CV32 4NX

Guide Price: £280,000
Auction Thursday 10th Dec 2020 12.00pm
https://www.auctionhouse.co.uk/loveitts
Auction starts at 12:00 pm Tuesday 8th December 2020

Description

  • Mixed Use


*** SOLD AT AUCTION - £336,000 ***

Town centre investment opportunity. Mixed use building comprising a tenanted retail unit with a 2 storey vacant flat above that requires modernisation and improvement. Current rental income from the retail unit £10,000 p.a. Centrally located, surrounded by retail units, bars and restaurants.



ACCOMMODATION

RESIDENTIAL
GROUND FLOOR
Hallway:
Cellar: 18 ft 3 in max x 13 ft 3 in max
FIRST FLOOR
Lounge: 12 ft 1 in max x 11 ft 9 in max
Kitchen: 10 ft 10 in max x 10 ft 7 in
Bathroom:
SECOND FLOOR
Room 1: 17 ft 4 in max x 12 ft 2 in max
Room 2: 14 ft 11 in max x 8 ft 6 in max
RETAIL UNIT
Currently being used as a sandwich bar/ deli and caterers.
Shop:
Stockroom:
W.C.
Approximately 355 square foot



EPC RATING

Commercial: EPC Rating: E
Residential: EPC Rating: G



TENURE

Freehold subject to lease on retail unit and vacant possession on flat.



LEASE TERM

Term: 10 years from 2019
(Rent review not exercised in October 2020)
Rent payable: £10,000 p.a.



ADDITIONAL COSTS

Administration Fee: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs



Key Facts

Town centre investment Mixed use Reail unit income £10,000 p.a. Vacant flat requiring modernisation
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