6 Augusta Pl | Leamington Spa CV32 5EL
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6 Augusta Pl
Leamington Spa CV32 5EL
Office Property For Sale
Investment Highlights
- Office at ground floor and basement
- Duplex apartment over first and second floors
- Prime Town Centre Mid Terraced 4 storey terrace property.
Executive Summary
Price: Offers over £400,000 for the Freehold
The property is available freehold subject to an occupational tenancy on the apartment producing a rental of £20,000 per annum (which is inclusive of utilities) and the ground floor offices being leased for a period of 12 months at a rent of £12,000 per annum, hence producing a rental income of £32,000 per annum.
The property is available freehold subject to an occupational tenancy on the apartment producing a rental of £20,000 per annum (which is inclusive of utilities) and the ground floor offices being leased for a period of 12 months at a rent of £12,000 per annum, hence producing a rental income of £32,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
1,615 SF
Building Class
B
Year Built
1960
Price
£400,000
Price Per SF
£248
Net Initial Yield
8%
NOI
£32,000
Percent Leased
45%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
404 SF
Building FAR
1.54
Lot Size
0.02 AC
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