Commercial property for sale

Description

An interesting town centre redevelopment site, currently a retail unit with ancillary storage and yard with planning consent for an impressive five storey commercial building which would provide modern open plan offices on all floors. Significant residential possibilities subject to planning consent.

Location

Bedford Street is located in the heart of Leamington Spa town centre, running parallel to the Parade, linking Regent Street to Warwick Street, a location with occupiers such as Marks & Spencer, Lee Longlands, bars, restaurants and business space. With the conversion of the former House of Fraser to high quality modern offices, soon to be occupied by major computer game development company Sumo Group. Leamington Spa is now an international name in this sector, home to Playground Games, Kwalee, Unit 2 Games, Pixel Toys, Ubisoft and Codemasters amongst others.

Services

All mains services are available for connection to the site.

Tenure

The property is to be sold freehold subject to vacant possession. The vendor will consider a sale and lease back option on a short term basis if required.

Planning

Class E at present with planning consent, under application number W/23/0184, for a new build.

Rent

Offers based on £600,000 for the freehold interest.

Rates

The rateable value for the current year is £13,000.

Legal Costs

Each party will be responsible for their own legal costs.

EPC

B 43

Rare Town Centre Development Site

Site Area of 151.6 sq.m. ( 1,631sq.ft.) Approx

Planning for Five Floors of Modern Office/Studio Accommodation

Residential Possibilities (stpc)