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38 Parade, Leamington Spa, CV32 4DN

Freehold retail investment in Leamington

Guide price*

£940,000+

Plus fees

Sold prior to auction, for an undisclosed amount

Lot information

Lot 172 Commercial Investment
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Auction details:

Thursday 23rd October 2025 @ 08:30AM

Freehold Town Centre retail investment opportunity Current gross income: £75,000 pa.

Property Description

The property comprises a prominent mid parade retail property trading as flying tiger copenhagen under their usual corporate fit out. It extends to 3,497 sq ft of ground floor retail space with ancillary accommodation above. There is access to the rear for deliveries via the service yard including residential, subject to obtaining the necessary consents.

Location

Royal Leamington Spa is a prosperous town in south Warwickshire, very well located being approximately 18 miles southeast of Central Birmingham and 30 minutes from Birmingham International Airport. The town is in close proximity to the M40 (Junctions 13-15), providing rapid access to the Midlands Motorway Network. Leamington Spa additionally benefits from a high speed Chiltern Mainline Rail Services to Birmingham and London Marylebone, Birmingham International Airport is situated 19 miles northwest of the town centre and provides national and international flights to over 150 destinations. The airport is accessible via the A452/A45 with a journey time of approximately 45 minutes or via a direct train service in 23 minutes. The property occupies a prime position along The Parade in the centre of Leamington Spa Town Centre, and nearby occupiers include Tesco, McDonalds, and Café Nero.

Accommodation

3,497 sq.ft. (325 sq m ). It has an ITZA area of 848.36 sq.ft.

Tenure

Freehold – Subject to the existing tenancy.

Tenancy Details

The property is let in its entirety to Tiger UK ( Midlands) Limited on a renewed lease for a term of 3 years from 1/6/2024, expiring on 24/8/2027. The passing rent is £75,000 per annum.

Tenant Profile

Flying Tiger Copenhagen (formerly Tiger) is a Danish variety store chain that sells a variety of items, mostly accessories and toys. Its first shop opened in Copenhagen in 1995 and as of 2023, the chain now has 931 shops across 42 countries.
Its largest markets are Denmark, the UK, Italy, and Spain. According to the company's annual report, it had more than 93 million customers in 2023.

Value Added Tax

We understand VAT is applicable on this transaction, although it is anticipated that the transaction will be dealt with by way of a TOGC.

Auctioneer's Note

A Director of Bond Wolfe has a vested interest in the property.

Pre-auction Offers

Please note that offers in excess of the guide price may be considered prior to the Auction Sale.

Viewings

Strictly by appointment with the Auctioneers. Please complete the ‘request a viewing’ form or contact the office.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

VIEWINGS

Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.

All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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