- Retail Property (High Street)
The subject property forms part of a commercial terrace of retail/office premises with take-aways and restaurants also represented in the street which enjoys a particularly busy frontage being located at the southern end of The Parade and just a short stroll from Leamington Spa Town Centre.
The property comprises a substantial mixed commercial and residential investment opportunity arranged across 3 floors together with a basement area and forming part of a character Regency style building. The property consists of an existing hairdressing salon and basement beauty treatment room to be subject to a new commercial lease along with 2 self contained one bedroomed flats, one at first floor level and one at second floor level (representing a part flying freehold interest) with access afforded to the residential element off Regent Place at the rear.
The rent payable in respect of the commercial element is to be £8,000 per annum with £525 per calendar month payable in respect of flats 1 and 2 providing for a total gross rent of £20,600 payable per annum fully let.
Ground Floor Retail/Basement: 721.00 sqft
First Floor Flat: 474.00 sqft
Second Floor Flat: 484.00 sqft
Total: 1,679.00 sqft