Bond Wolfe raises £1.68m from sale of two prime retail investments in Royal Leamington Spa

Bond Wolfe has completed the sale of two prominent neighbouring properties on Royal Leamington Spa’s Parade, achieving a combined price of £1.68 million.

The four-storey retail investments at 38 and 40 Parade generate a total annual rental income of £130,000, equating to a net initial yield of 7.29%.

• 38 Parade extends to 3,497 sq ft and is let in its entirety to Danish variety chain Flying Tiger Copenhagen, producing an annual rent of £75,000.

• 40 Parade extends to 3,377 sq ft and is fully occupied by leading men’s fashion retailer Moss Bros, paying £55,000 per annum.

James Mattin, Managing Director of Bond Wolfe, said:

“Both properties have been sold to a private investor in a combined deal worth £1.68 million.

We are delighted to continue our successful run of retail investment sales in Royal Leamington Spa. The town remains a highly attractive location for private investors, and the sale of 38 and 40 Parade is a clear example of the strong demand in this market.”

Situated in prime trading positions, the properties benefit from strong footfall with nearby occupiers including Tesco, McDonald’s and Café Nero. Both buildings offer ground floor retail space, first floor storage and staff facilities, plus rear access for deliveries via a service yard.

Royal Leamington Spa is a highly affluent Warwickshire spa town, renowned for its elegant Regency architecture. It offers excellent connectivity, with mainline Chiltern Rail services to Birmingham and London Marylebone, and easy access to the M40 motorway and Birmingham International Airport.

Mr Mattin added:

“We still have a couple of investment opportunities available nearby and would urge interested investors to contact us to register their interest.”

Legal advisers: Knights of Solihull acted for the buyer, while CBTC in West Bromwich represented the vendor.