This property presents a noteworthy opportunity for investors looking to capitalize on its renovation and asset management potential. The offering consists of three contiguous Regency buildings that house retail, ancillary, and office spaces across a total area of 10,228 sq. ft (950.2 sq. m), arranged over a basement, ground floor, and three upper levels.
Characterized by an appealing facade adorned with anthemion motifs, Tuscan-style pilasters, generous sash windows, and a continuous balcony that extends over Roman Doric porches, the architectural features add to its charm. Situated within the Leamington Spa Conservation Area and designated as Grade II listed, the property not only holds historical significance but also presents a canvas for thoughtful redevelopment.
The vibrant town of Royal Leamington Spa is known for its affluent reputation and rich history associated with its spa waters. Conveniently located approximately 3 miles from Warwick and 20 miles southeast of Birmingham, it boasts excellent transport links. The M40 provides easy access to key junctions, while the National Rail station connects residents to cities such as Oxford and various destinations in Birmingham and London within the hour.
A key aspect of this property is its upper floors—currently used as office space—that offer substantial conversion opportunities into residential units or alternative uses, pending necessary planning approvals. Preliminary indicative floor plans for potential residential conversions are available upon request, illustrating the possibilities inherent in this investment.
Currently generating income through existing tenancies, further details regarding tenancy arrangements can be found in the accompanying documentation. This property is subject to VAT considerations; however, it is expected that the sale will qualify as a Transfer of Going Concern (TOGC).
This unique blend of location advantages and redevelopment opportunities makes this property an attractive proposition for those seeking to invest in a promising area with growth potential.
