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131-137 Regent St

400 - 605 SF Retail Condo Units Offered at $238,906 - $326,924 Per Unit in Leamington Spa CV32 4NX

INVESTMENT HIGHLIGHTS

  • Internally, the property benefits from wooden flooring, a mixture of pendent and spot lighting
  • The property has a single glazed shop front window set withing a timber frame.
  • Rear of property comprises, kitchenette & WC.

EXECUTIVE SUMMARY

A Self-contained, ground floor, lock-up shop which currently trades as a café. The property is located on Regent Street situated between the intersections of Park Street and Kenilworth Street.

PROPERTY FACTS

Price $238,906 - $326,924
Unit Size 400 - 605 SF
No. Units 3
Total Building Size 3,259 SF
Property Type Retail
Property Subtype Storefront Retail/Residential
Building Class B
Floors 3
Typical Floor Size 3,259 SF
Year Built 1850
Lot Size 0.07 AC

3 UNITS AVAILABLE

Unit 135

Unit Size 542 SF
Price $314,350
Price Per SF $579.98
Condo Use Retail
Sale Type Investment
Tenure Freehold
Cap Rate 8.60%
NOI $27,034.10
DESCRIPTION

Self-contained, ground floor, lock-up shop which currently trades as a café.

SALE NOTES

The property is subject to an occupational tenancy at a rent of £22,000 per annum for a term of 5 years with break and rent review in year 3.
Offers are invited at £250,000 exclusive which is reflective of an 8.6% net yield after purchaser’s
costs of 2.3%

Unit 131 Regent Steet

Unit Size 400 SF
Price $238,906
Price Per SF $597.26
Condo Use Retail
Sale Type Investment
Tenure Freehold
Cap Rate 7.20%
NOI $17,201.23
DESCRIPTION

Self-contained, ground floor, lock-up shop which has recently undergone and  extensive refurbishment.

SALE NOTES

The property is subject to an occupational lease at a rent of £13,950 per annum for a term expiring 30 June 2025.
Offers are invited in the region at £190,000 exclusive which is reflective of a 7.2% net initial yield
allowing purchaser costs of 1.92%

Unit 33

Unit Size 605 SF
Price $326,924
Price Per SF $540.37
Condo Use Retail
Sale Type Owner User
Tenure Long Leasehold
Cap Rate 8.27%
NOI $27,034.10
DESCRIPTION

Self-contained, ground floor, lock-up shop which has recently undergone and
extensive refurbishment.

SALE NOTES

The property is to be sold with vacant possession at a guide price of £260,000 for the long leasehold interest.
Alternatively, the property is available by way of a new occupational lease on effective full repairing and insuring terms at a rent of £23,000 per annum. Terms to be agreed.

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Interior Photo
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View Photo Interior Photo
View Photo Interior Photo
View Photo Interior Photo

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Santander
The Co-operative Food
Bill's
HSBC
Côte Brasserie
Las Iguanas
Turtle Bay
YO!
Nando's
Zizzi
  • Listing ID: 32915137

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 131-137 Regent St, Leamington Spa CV32 4NX

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