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20 Parade
8,341 SF Retail Condo Unit Offered at $2,671,405 in Leamington Spa CV32 4DW
Investment Highlights
- No. 20 may also be purchased in addition. This comprises a vacant retail unit with basement storage totalling
- 14-20 The Parade is situated at the northern end of The Parade, which is one of the prime retail locations in Leamington Spa.
- The property is Grade II Listed.
Executive Summary
An impressive Grade II Regency building with accommodation arranged over five floors including basement. A fully let investment comprising well-regarded La Coppola Restaurant and Tom Howley regional showroom, together with self-contained offices above both 14 and 16. The offices do have the potential for future conversion to residential, as with the adjoining property, No. 20, subject to planning permission. There is a rear loading/parking area with a total of ten parking spaces.
Property Facts
| Price | $2,671,405 | Building Class | B |
| Unit Size | 8,341 SF | Floors | 5 |
| No. Units | 1 | Typical Floor Size | 1,668 SF |
| Total Building Size | 8,341 SF | Year Built | 1831 |
| Property Type | Retail (Condo) | Lot Size | 1.02 AC |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.2/1,000 SF |
| Sale Type | Investment |
| Price | $2,671,405 |
| Unit Size | 8,341 SF |
| No. Units | 1 |
| Total Building Size | 8,341 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 1,668 SF |
| Year Built | 1831 |
| Lot Size | 1.02 AC |
| Parking Ratio | 1.2/1,000 SF |
1 Unit Available
Unit 14-16A
| Unit Size | 8,341 SF | Sale Type | Investment |
| Price | $2,671,405 | Tenure | Freehold |
| Price Per SF | $320.27 | Cap Rate | 7.50% |
| Condo Use | Retail | NOI | $200,355.36 |
| Unit Size | 8,341 SF |
| Price | $2,671,405 |
| Price Per SF | $320.27 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.50% |
| NOI | $200,355.36 |
Description
An impressive Grade II Regency building with accommodation arranged over five floors including basement. A fully let investment comprising well-regarded La Coppola Restaurant and Tom Howley regional showroom, together with self-contained offices above both 14 and 16. The offices do have the potential for future conversion to residential, as with the adjoining property, No. 20, subject to planning permission. There is a rear loading/parking area with a total of ten parking spaces.
Sale Notes
The property is to be sold Freehold, subject to the various occupational tenancies currently producing £161,500 per annum. £2,150,000 equating to a gross initial yield of 7.5%
No. 20 may also be purchased in addition. This comprises a vacant retail unit with basement storage totalling 1873 sq.ft. (173.99 sq.m.).
Amenities
- Storage Space
Nearby Major Retailers
Learn More About Investing in Retail Properties
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20 Parade
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