Bedford Street, 4 Bedford Street, Leamington Spa, CV32 5DY

Description
The property is arranged over ground, basement, first and second floors of a semi-detached building with painted rendered brick elevations beneath a pitched and hipped roof.

Location
Located in the town of Leamington Spa in the county of Warwickshire, 27.3 miles (43.7 kilometres) south east of Birmingham and 50.5 miles (80.8 kilometres) north of Oxford.

The property is situated fronting Bedford Street which is surrounded by commercial retail and leisure operators including Copper Pot (Greene King), the Benjamin Satchwell (JD Wetherspoon) and a number of independent pub and restaurant operators.

Virtual Tour
Please see the link below to access the Virtual Tour:


Tenure
The property is held freehold (Title Number WK109662).

Tenancy
The entire property is let to Rosamaya Limited on a 12 year lease expiring on 27 October 2031 at a current rent of £109,175 per annum which is subject to five yearly open market reviews and annual RPI increases with a cap of 4% (except in the open market review year). A rent deposit of £25,512 is held by the landlord.

Planning
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
In the course of preparation.

Terms
We are instructed to invite offers in excess of £1,325,000 (7.75% NIY) assuming the usual purchasers costs.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.