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162 Rugby Road, Leamington Spa, WAR

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162 Rugby Road

Leamington Spa, CV32 6DS


Property type:Retail Sub type:Storefront Retail/Residential Status:Existing Year built:1950
Building size:1,157 sq ft
For sale price:£225,000 Price:£194.47 sq ft
Yield:6.50 %
Features:Security System, Storage Space, Air Conditioning


The property comprises a mid-terraced, mixed use building providing accommodation over three floors, with retail accommodation on the ground floor and residential space above. Car parking is available in the access road to the front of the shop.

The property is located within a busy residential area is this popular stretch of retail units just north of Leamington Spa town centre on the Rugby Road.

Sale Notes:
The property is to be sold freehold, subject to a single occupational lease on the ground floor. The tenant trades as Dream Doors Ltd, being a high-quality kitchen showroom.

The full repairing and insuring lease is for a term of ten years expiring 30/9/2026, albeit with a tenant option to break on 30/9/2021. The rent passing is £15,000 pa and there is a rent review
scheduled for 1/10/2021.

The upper floor flat (No.184) has been sold by way of a long lease for 999 years from March 1989 at a rent of £20 pa. The lease obliges the tenant to repair and maintain the flat and contribute towards shared costs including insurance.

EHB Reeves
Nick Evans
01926 880437




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