£2,000,000.00 (Freehold)

For Sale - Commercial

Call the Stratford upon Avon branch on 01789 415 444 or email commercial@peterclarke.co.uk

Leamington Spa is a thriving Spa town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many of the industrial and commercial centres of the Midlands as well as the M40 motorway and surrounding train stations providing good access to London. Stratford-Upon-Avon and the Cotswolds are close to hand.

18-20 The Parade is situated at the northern end of The Parade, which is one of the prime retail locations in Leamington Spa. Nearby occupiers include McDonalds, Tesco and Caffé Nero.

An impressive and substantial Grade II Listed Regency building with accommodation arranged over five floors, including basement. The property, which is offered with vacant possession, includes a lock-up ground floor retail unit together with its own basement, a basement hairdressing salon and office accommodation situated on ground, first, second and third floors. There are two internal staircases with ancillary accommodation and WCs to the rear, including a private car park providing eleven spaces.

The property will appeal to investors, as well as owner occupiers.

No. 20 - Ground Floor Shop
Internal Width - 18'10" (max.)
Retail Depth - 34'10"

Retail Unit with front glazed display bay - 679 sq.ft. (63.08 sq.m.)
Rear Amenity Area - 64 sq.ft. (5.94 sq.m.)
Basement - 1002 sq.ft. (93.08 sq.m.)
Staff Kitchen - 128 sq.ft. (11.89 sq.m.)

Approx. Net Internal Area - 1,873 sq.ft. (173.99 sq.m.)

No. 18 - Basement Hairdressing Salon
Hairdressing Salon - 877 sq.ft. (81.47 sq.m.)
Rear Staff/Kitchen - 72 sq.ft. (6.68 sq.m.)

Approx. Net Internal Area - 949 sq.ft. (88.16 sq.m. )

18-20 Parade - Offices
Ground Floor - 1147 sq.ft. (106.56 sq.m.)
First Floor - 1573 sq.ft. (146.13 sq.m.)
Second Floor - 1542 sq.ft. (143.25 sq.m.)
Third Floor - 577 sq.ft. (146.50 sq.m.)

Total Approx. Net Internal Floor Area - 5839 sq.ft. (542.44 sq.m.)

Car Park
The property includes a rear car park, which is currently marked out for eleven spaces, together with the vehicular right of way to the rear.

The building has all mains services with gas central heating boilers heating the offices.

The property is offered for sale Freehold with vacant possession. The rear car park will benefit from a vehicular right of way to Tavistock Street.

The rateable value of the premises is understood to be:

18 Parade Basement Hair Salon - £17,250
20 Parade Shop Premises - £28,000
18-20 Parade Ground to Third Floor Offices - £56,000

All prices and rents are quoted exclusive of VAT, which may be payable in addition.

Strictly by appointment through the Sole Selling Agents: