49 The Parade
Royal Leamington Spa
CV32 4BA

Virtual Freehold Retail Investment

  • Let to Smiggle UK Ltd until 2026
  • Attractive and affluent Spa Town
  • Prime retail pitch opposite Marks & Spencer
  • Adjacent to the 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
  • Lot
  • Auction
  • Rent
    £47,500 per Annum Exclusive
  • Status
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 49 The Parade, Royal Leamington Spa, Warwickshire, CV32 4BA
  • Expand
  • Photos
  • Map

* 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 ground floor Retail accommodation and ancillary accommodation in the basement . The retail unit benefits from a return frontage. The property forms part of a larger attractive Grade 2 listed period building.


VAT is applicable to this lot.


The neighbouring property which is let to Vodafone is being offered as lot 13

Completion Period

Six Week Completion


Band D See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
TenantTermRent p.a.xReviews/
47.47 sq m
56.30 sq m
(511 sq ft)
(606 sq ft)
10 years from
10/08/2016 (2)
103.77 sq m
(1,117 sq ft)

(1) Smiggle UK Limited (CRN 06720710) was incorporated in 2008 and are wholly owned by Just UK international limited. For the year ending 28th July 2018 Smiggle UK Limited reported a Turnover of 69,641,000.,Pre tax profit of 7,061,000 and Sharehold Funds of 20,736,000 (Experian 28/08/2020)
(2) The lease provides for a tenant option to determine the lease on 10/08/2021. The tenant is obliged to pay a fee of 11,876 plus VAT.

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
    56 MB
    Login to View
  • Catalogue Page
    Updated Date
    File Size
    662 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    902 KB
    View PDF
  • Common Auction conditions
    Updated Date
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 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 4854 +44 (0)7824 705 955billy.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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now