49 The Parade Royal Leamington Spa Warwickshire CV32 4BA

49 The Parade
Royal Leamington Spa
Warwickshire
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
25
Auction
23rd September 2020
Rent
£47,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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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 25
Auction 23rd September 2020
Rent £47,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

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

Situation

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.

Tenure

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

Location

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

Situation

Tenure

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

Description

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

VAT is applicable to this lot.

Note

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

Completion Period

Six Week Completion

EPC

Band D See legal pack.

Description

VAT

VAT is applicable to this lot.

Note

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

Completion Period

Six Week Completion

EPC

Band D See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews/ (Reversion)
Ground Basement	Retail Ancillary	47.47 sq m 56.30 sq m	(511 sq ft) (606 sq ft)	SMIGGLE UK LIMITED (1)	10 years from 10/08/2016 (2)	£47,500	10/08/2021 (09/08/2026)
Total		103.77 sq m	(1,117 sq ft)			£47,500

(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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.