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160-164, The Parade, Leamington Spa, CV32 4AE

Offers in Excess of
£850,000

£114.28 per sq ft

Business rates & charges may apply

Bromwich Hardy LLP, Coventry
SIZE AVAILABLE

7,438 sq ft

691 sq m

SECTOR

Leisure facility for sale

Key features

  • Situated on the premier retailing street in Leamington
  • Let to 3 tenants, generating an income of £71,500 per annum
  • Well presented Georgian properties
  • Seeking offers in excess of £850,000

Description

The property comprises three terraced units, let to three individual commercial tenants producing a combined income of £70,500 p.a. which we summarise below:

160 Parade - let to A Plan Insurance Group for a term of 10 years expiring 11/12/20027 at a rent of £23,500 p.a.
162 Parade - let to Hamesh Antique Furniture Ltd for a term of 3 years, expiring 10/01/26 at a rent of £25,000 p.a.
164 Parade - let to Reynolds Interiors Ltd for a term of 5 years, expiring 28/09/28 at a rent of £22,000 p.a.

In addition the upper parts have been converted to 10 flats and have been sold off on long leaseholds. The total ground rent is £1,000 per annum.

The Parade is the premier retail and leisure street in Leamington Spa, a highly affluent and picturesque spa town in Warwickshire. The town is served by a mainline train station providing serves into London and Birmingham. By road, it is situated a short distance to the east of the A46 which connect in tourn to the M40, M69 and M6 motorways.

Freehold

Brochures

160-164, The Parade, Leamington Spa, CV32 4AE

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leamington Spa Station0.2 miles
  • Warwick Station2.0 miles
  • Warwick Parkway Station3.3 miles

About Bromwich Hardy LLP, Coventry

1 The Cobalt Centre Siskin Parkway East, Middlemarch Business Park, Coventry, CV3 4PE

Bromwich Hardy is a dynamic property consultancy and agency based in the heart of the Midlands, Coventry.

Founders of the company, Richard Hardy and Tom Bromwich, have over 50 years of experience between them, dealing with all aspects of the commercial property market.

They are both very well known in the industry and have complementary skills and expertise. Tom Bromwich has an unparalleled and intimate knowledge of the Midland's regional market and Richard Hardy has a deep understanding of how best to meet the needs of nation-wide organisations with interests right across the UK.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 303148-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bromwich Hardy LLP, Coventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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