LOT 89 - Leamington Spa Commercial Auction - 9th December 2020 Freehold Shop & Residential Ground Rent Investment 162 &184 Rugby Road, Leamington Spa, Warwickshire, CV32 6DS LOT 89 - Leamington Spa Freehold Shop & Residential Ground Rent Investment 162 &184 Rugby Road, Leamington Spa, Warwickshire, CV32 6DS GUIDE PRICE * £215,000+ Gross Initial Yield 6.99% Commercial - 9th December 2020 Online (Bidding will open at 11.00hrs am for ALL lots) Key Features Location • Comprises a ground floor shop and maisonette above (Sold off) Royal Leamington Spa is an attractive spa town located 2 miles east of Warwick and 11 • Shop let on a lease expiring 2026 (1) miles south of Coventry • Established neighbourhood parade in a predominantly residential area The town is served by the M40 Motorway (Junction 15) and the A46 (Warwick Bypass). • Some 1km from the town centre Leamington Spa Rail Station provides regular services to London, Birmingham and Manchester. • VATis applicable The property occupies a prominent position on Rugby Road (A445), some 1km west of • Six Week Completion Available the town centre Total Current Rent Reserved The property forms part of an established neighborhood parade which includes a Spar £15,020 p.a. and a chemist in a predominantly residential area. Tenure VAT- VATis applicable to this lot. Freehold Allsop Sellers Solicitor Jonathan Wright. Peter Kay. Tel: 07764 755610 Cearns Kay Solicitors Email:
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[email protected] Lot 89, Commercial Auction - 9th December 2020 Date Printed: 01/12/2020 | Page 2 of 8 Schedule Address Present Lessee Accommodation Lease Details Current Rent Next Review / (PA) Reversion Ground Floor, 162 Rugby Road Kitbed Warwick Ltd (t/a Dreams Ground floor 10 years from 01.10.2016 £15,000 p.a.