This property is no longer on the market
6 bedroom block of apartments
Key information
Property description & features
- Fantastic Development Opportunity
- Heart of Leamington Town Centre
- Freehold property
- Comprising Both Residential & Commercial accommodation
- Total Existing Retail Space - 203.7 sqm
- Three Well Proportioned Two Bedroom Flats Totalling 184 sqm
- Historic Planning Once Granted For The Erection of Three Further Flats
- All Current Residential Flats Tenanted via AST Contracts
- Annual Residential Income of £28,380 (not including commercial income)
- Commercial Unit Vacant On Completion With Great Income Potential
It is located in the heart of Leamington town centre, situated under half a mile away from Leamington Train Station, as well as walking distance to the towns vibrant amenities.
Total existing retail space - 203.7 sqm (EPC C)
Total existing residential floor area - 178 sqm
Apartment A - 71 sqm (EPC D)
Apartment B - 50 sqm (EPC C)
Apartment C - 57 sqm (EPC C)
All the residential units are currently occupied on AST tenancies, with the current residential income across the three properties totalling *£28,380 per annum (*the information has been passed to us by a third party). The commercial unit will be vacant on completion.
The historic plans included the erection of three one bedroom flats set across part of the existing first floor, and a second floor.
Having a mixture of residential and commercial flexibility, coupled with potential permission for further accommodation (STPP) makes this property a very attractive investment opportunity.
Local Authority: Warwick District Council -
Council Tax Band: A -
Property information from this agent
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Energy Performance data and Internal floor area
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