131-137 Regent St 400 - 605 SF Retail Units Offered at £190,000 - £260,000 Per Unit in Leamington Spa CV32 4NX
INVESTMENT HIGHLIGHTS
- Internally, the property benefits from wooden flooring, a mixture of pendent and spot lighting
- The property has a single glazed shop front window set withing a timber frame.
- Rear of property comprises, kitchenette & WC.
EXECUTIVE SUMMARY
A Self-contained, ground floor, lock-up shop which currently trades as a café. The property is located on Regent Street situated between the intersections of Park Street and Kenilworth Street.
PROPERTY FACTS
| Price | £190,000 - £260,000 |
| Unit Size | 400 - 605 SF |
| No. Units | 3 |
| Total Building Size | 3,259 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 3,259 SF |
| Year Built | 1850 |
| Lot Size | 0.07 AC |
3 UNITS AVAILABLE
Unit 131 Regent Steet
| Unit Size | 400 SF |
| Price | £190,000 |
| Price Per SF | £475.00 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.20% |
| NOI | £13,680 |
DESCRIPTION
Self-contained, ground floor, lock-up shop which has recently undergone and extensive refurbishment.
SALE NOTES
The property is subject to an occupational lease at a rent of £13,950 per annum for a term expiring 30 June 2025.
Offers are invited in the region at £190,000 exclusive which is reflective of a 7.2% net initial yield
allowing purchaser costs of 1.92%
Unit 135
| Unit Size | 542 SF |
| Price | £250,000 |
| Price Per SF | £461.25 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.60% |
| NOI | £21,500 |
DESCRIPTION
Self-contained, ground floor, lock-up shop which currently trades as a café.
SALE NOTES
The property is subject to an occupational tenancy at a rent of £22,000 per annum for a term of 5 years with break and rent review in year 3.
Offers are invited at £250,000 exclusive which is reflective of an 8.6% net yield after purchaser’s
costs of 2.3%
Unit 33
| Unit Size | 605 SF |
| Price | £260,000 |
| Price Per SF | £429.75 |
| Unit Use | Retail |
| Sale Type | Owner User |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.27% |
| NOI | £21,500 |
DESCRIPTION
Self-contained, ground floor, lock-up shop which has recently undergone and
extensive refurbishment.
SALE NOTES
The property is to be sold with vacant possession at a guide price of £260,000 for the long leasehold interest.
Alternatively, the property is available by way of a new occupational lease on effective full repairing and insuring terms at a rent of £23,000 per annum. Terms to be agreed.
Interior Photo
Interior Photo
Interior Photo
Interior Photo
AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
