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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
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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 | Building Class | B |
Unit Size | 400 - 605 SF | Floors | 3 |
No. Units | 3 | Typical Floor Size | 3,259 SF |
Total Building Size | 3,259 SF | Year Built | 1850 |
Property Type | Retail | Lot Size | 0.07 AC |
Property Subtype | Storefront Retail/Residential |
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 | Sale Type | Investment |
Price | $314,350 | Tenure | Freehold |
Price Per SF | $579.98 | Cap Rate | 8.60% |
Condo Use | Retail | NOI | $27,034.10 |
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 | Sale Type | Investment |
Price | $238,906 | Tenure | Freehold |
Price Per SF | $597.26 | Cap Rate | 7.20% |
Condo Use | Retail | NOI | $17,201.23 |
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 | Sale Type | Owner User |
Price | $326,924 | Tenure | Long Leasehold |
Price Per SF | $540.37 | Cap Rate | 8.27% |
Condo Use | Retail | NOI | $27,034.10 |
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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AMENITIES
- Storage Space
NEARBY MAJOR RETAILERS
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Presented by
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131-137 Regent St
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