Ground Floor and Basement, 20 The Parade, Leamington Spa CV32 4DW

This property remains available and open to offers following the auction on 27 March 2024.
Please contact the auctioneers on for further details.

A prime lock-up unit, together with substantial basement storage, situated in an impressive Grade II Listed Regency building with prominent display frontage.

The property is situated at the northern end of Parade, which is one of the prime retail locations in Leamington Spa. Nearby occupiers include McDonalds, Tesco and Caffé Nero.

Leamington Spa is a thriving Spa town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many of the industrial and commercial centres of the Midlands as well as the M40 motorway and surrounding train stations providing good access to London. Stratford-Upon-Avon and the Cotswolds are close to hand.

Prospective buyers are to note the CIL liability referred to within the legal pack which may pass to the buyer and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Accommodation Internal Width 18ft 10 (max). Retail Depth 34ft 10.
Retail Unit
With front glazed display bay 679 sq.ft. (63.08 sq.m.)
Rear Amenity Area 64 sq.ft. (5.94 sq.m.)
Basement 1,002 sq.ft. (93.08 sq.m.)
Staff Kitchen 128 sq.ft. (11.89 sq.m)
Approx. Net Internal Floor Area 1,873 sq.ft. (173.99 sq.m.)
Rates The rateable value is £28,000.
Tenure A 999 year lease at a peppercorn ground rent. External decorations, repairs and contribution to any communal services (such as alarm system) are recovered by way of a service charge calculated by reference to floor area pro-rata. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Value Added Tax We understand VAT is not applicable. Interested parties should seek clarification from the legal pack.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Leasehold

EPC Rating: E

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.