51 The Parade
Royal Leamington Spa
CV32 4BA

Virtual Freehold Retail Investment

  • Let to Vodafone Limited until 2025
  • No Arrears
  • 2020 break option not exercised
  • Located in an attractive and affluent Spa Town
  • Prime retail pitch opposite Marks & Spencer
  • Neighbouring occupiers include Barclays Bank, White Stuff, Costa Coffee, The Body Shop, H&M, Santander and LLoyds Bank
  • Lot
  • Auction
  • Rent
    £66,500 per Annum Exclusive
  • Status
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 51 The Parade<br>Royal Leamington Spa<br>Warwickshire<br>CV32 4BA
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  • Photos
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* More information on the term "price" can be found here

Property Information

2 miles east of Warwick
8 miles south of Coventry
18 miles south-east of Birmingham
M40, A46, A452, A445, A425
Leamington Spa Rail
Birmingham International Airport

Royal Leamington Spa is an attractive and affluent Warwickshire town. The property is situated in a prime retailing position on Parade opposite Marks & Spencer and close to the main entrance to the Royal Priors Shopping Centre. Neighbouring occupiers include Barclays Bank, White Stuff, Costa Coffee, The Body Shop, H&M, Santander and LLoyds Bank.


Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent.


The property comprises self contained ground floor retail accommodation which forms part of a larger attractive Grade two listed period building.


VAT is applicable to this lot.


The neighbouring property which is let to Smiggle Retail Limited is being offered as lot 25

Completion Period

Six Week Completion


Band C. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
TenantTermRent p.a.xReversion
108.41 sq m
(1,167 sq ft)
10 years from
12/06/2015 until 2025
108.41 sq m
(1,167 sq ft)

(1) For the year ending 31st March 2019, Vodafone Limited reported a turnover of 5,512,900,000, pre-tax profits of negative 679,500,000 and shareholders funds of 5,848,400,000 (Source: SmartSearch 24/08/2020).
(2) The tenant did NOT exercise the June 2020 option to determine the lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    File Size
    53 MB
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  • Catalogue Page
    Updated Date
    File Size
    705 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    950 KB
    View PDF
  • Common Auction conditions
    Updated Date
    File Size
    277 KB
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  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    File Size
    585 KB
    View PDF


John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Progeny Law and Tax Limited. Progeny, 1A Tower Square
Julie Evans 0113 4682448 Julie.Evans@theprogenygroup.com

Useful Links

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