Key Information
- 2,983 sq ft (277.06 sq m)
- Prime retail position on The Parade in the heart of Leamington Spa
- Adjacent occupiers include Robert Dyas, Card Factory, Boots, McDonalds, Greggs and Cafe Nerro
- Rental £38,500 per annum exclusive of VAT, service charge and business rates.
Double fronted retail premises with full height glazed frontage to The Parade. The premises comprises sales areas over both the ground and first floors, that have suspended ceilings with Category 2 lighting, part laminate and tiled floors. The second floor provides storage accommodation that is carpeted and has strip lighting throughout. There is a service corridor to the rear of the ground floor that leads to a rear loading area off Guy Street.
Location
Leamington Spa is an historic town in Warwickshire served by the A444 and A425, leading to Warwick approximately 3 miles away. The A46 and M40 are both within 5 miles. Coventry is 11 miles away and Stratford Upon Avon 12 miles. The premises are located in the heart of Leamington Spa in a central position on The Parade, a fine Regency period terrace of three storey buildings and long established as the principle shopping thoroughfare through the town. The surrounding area has a wealth of national and quality independent retailers that sit alongside various restaurants, cafes and coffee shops, with adjacent occupiers including Robert Dyas, McDonalds, Greggs, Boots, Moss Bros, Cafe Nerro and Flying Tiger. The Royal Prior Shopping Arcade is located around the corner on Warwick Street.
VAT
All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.
Service Charge
The tenant is responsible for a fair portion of the costs of the upkeep of the common areas
Rates
The property has a rateable value of £44,750. Source: VOA
EPC
The premises have an EPC assessment of: B (41) and is valid until 22 October 2028.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
The premises has Class E (Business, Commerce & Services) consent under the Use Classes Order 1987 (as amended).
Viewing
Viewings are by appointment with sole agents Innes England