Important Notice - Coronavirus (COVID-19)
  • For Sale By Unconditional Online Auction
  • Guide Price* : £280,000
  • Bidding Opens 08/12/2020 12:00

129 Regent Street, Leamington Spa, Warwickshire, CV32 4NX

**ONLINE AUCTION**

To be sold via unconditional ONLINE Auction on Thursday 10th December 2020
(visit auctionhouse.co.uk/online).

BIDDING OPENS: 12:00 on Tuesday 8th December 2020
AUCTION ENDS: 12:00 on Thursday 10th December 2020

GUIDE PRICE: £280,000


Description

Town centre investment opportunity. Mixed use building comprising a tenanted retail unit with a 2 storey vacant flat above that requires modernisation and improvement. Current rental income from the retail unit £10,000 p.a. Centrally located, surrounded by retail units, bars and restaurants.


ACCOMMODATION

GROUND FLOOR
Hallway:
Cellar: 18 ft 3 in max x 13 ft 3 in max
FIRST FLOOR
Lounge: 12 ft 1 in max x 11 ft 9 in max
Kitchen: 10 ft 10 in max x 10 ft 7 in
Bathroom:
SECOND FLOOR
Room 1: 17 ft 4 in max x 12 ft 2 in max
Room 2: 14 ft 11 in max x 8 ft 6 in max
RETAIL UNIT
Currently being used as a sandwich bar/ deli and caterers.
Shop:
Stockroom:
W.C.
Approximately 355 square foot


EPC RATING

Commercial: EPC Rating: E
Residential: EPC Rating: G


TENURE

Freehold subject to lease on retail unit and vacant possession on flat.


LEASE TERM

Term: 10 years from 2019
(Rent review not exercised in October 2020)
Rent payable: £10,000 p.a.

Administration Charge

Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.

Bidding not yet open
Minimum Opening Bid

£280,000


Bidding Opens On
8th Dec 2020 12:00
End Date

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* Guide | £280,000
  • Commercial Property
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 024 7652 7789 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.