Bond Wolfe marketing three stunning commercial properties in Leamington Spa for nearly £2.5 million
A trio of prime commercial properties in Leamington Spa Leamington Spa have come onto the market with Bond Wolfe for prices totalling nearly £2.5 million.
The neighbouring four-storey properties are at 53 to 53a, 55 and 57 of the Parade, a wide retail boulevards lined with buildings of stunning architecture in the Regency town.
Numbers 53 to 53a includes a vacant shop on the ground floor measuring 1,031 sq ft, which could be rented for up to £40,000 per annum, with the upper floors already part-let and producing £22,000 per annum.
This freehold property extends to a total of 3,065 sq ft and offers are being sought based on a price of £950,000.
Number 55 measures 3,525 sq ft and is fully let to Toni & Guy ( South) Ltd until December 2027 for £45,000 per annum, with offers sought based on a price of £750,000.
And number 57 measures 3,628 sq ft and is fully let to Telefonica (O2) until July 2025 for £48,500 per annum, with offers sought based on a price of £750,000.
James Mattin, managing director – agency at Bond Wolfe, explained that the investment opportunities had emerged following its successful sale of a number of other properties in the town.
He said: “We are delighted to have three more impressive properties available for sale in Royal Leamington Spa.
“The market appetite is currently very high for such investment opportunities in sought-after locations let to strong covenants.”
Mr Mattin added that anyone interested in buying the commercial properties in Leamington Spa, or any other owners seeking to sell similar properties, should call 0121 525 0600 or email him at [email protected].