49 The Parade Leamington Spa Warwickshire CV32 4BL

  • 49 The Parade<br>Leamington Spa<br>Warwickshire<br>CV32 4BL

49 The Parade
Leamington Spa
Warwickshire
CV32 4BL

Virtual Freehold Retail Investment

  • Let on a New Lease to Gifted Collective Ltd Until 2027
  • Attractive and Affluent Spa Town
  • Prime Retail Pitch Opposite Marks & Spencer
  • Adjacent to the Entrance to The Royal Priors Shopping Centre
  • Neighbouring Occupiers Including H&M, WHSmith, Costa Coffee, White Stuff, Superdrug, Wagamama, JD Wetherspoon and Travelodge
  • Lot
    36
  • Auction
    9th May 2024
  • Rent
    £27,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Virtual Freehold Retail Investment

  • Let on a New Lease to Gifted Collective Ltd Until 2027
  • Attractive and Affluent Spa Town
  • Prime Retail Pitch Opposite Marks & Spencer
  • Adjacent to the Entrance to The Royal Priors Shopping Centre
  • Neighbouring Occupiers Including H&M, WHSmith, Costa Coffee, White Stuff, Superdrug, Wagamama, JD Wetherspoon and Travelodge
  • Lot 36
  • Auction 9th May 2024
  • Rent £27,500 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
2 miles east of Warwick, 8 miles south of Coventry and 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 The Parade opposite Marks & Spencer and close to the main entrance to the Royal Priors Shopping Centre. Neighbouring occupiers include H&M, WHSmith, Costa Coffee, White Stuff, Superdrug, Wagamama, JD Wetherspoon and Travelodge.

Tenure

Virtual Freehold. Held for a term of 999 years from 25/07/2023 at a peppercorn rent.

Location
Miles
2 miles east of Warwick, 8 miles south of Coventry and 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 The Parade opposite Marks & Spencer and close to the main entrance to the Royal Priors Shopping Centre. Neighbouring occupiers include H&M, WHSmith, Costa Coffee, White Stuff, Superdrug, Wagamama, JD Wetherspoon and Travelodge.

Tenure

Virtual Freehold. Held for a term of 999 years from 25/07/2023 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 II listed period building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

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 II listed period building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Reversion
Ground
Basement
Retail
Ancillary
58.36
23.84
(628)
(257)
GIFTED COLLECTIVE LTD (t/a The Gifted Shop) (CRN: 13404553) 3 years from 26/03/2024
£27,500
25/03/2027
Total Approximate Floor Area  
82.20
(885)
   
£27,500
 

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates)

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    17.05.24
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
The Progeny Group 1A Tower Square
Leeds
West Yorkshire
LS1 4DL
Stacey Edwards 07584 044 632stacey.edwards@theprogenygroup.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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