49 The Parade Leamington Spa Warwickshire 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
Auction Venue
Live Streamed Auction

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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

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

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