5 Church St 1,345 sq ft Retail Property Leamington Spa CV31 1EN £430,000 (£319.70/sq ft)

A bright and light, freshly refurbished premises offered for sale as a mixed use freehold investment. It comprises a ground floor shop and separately accessed residential apartment.
The Commercial demise is leased to ACDC Lettings Ltd on a 5-year term from 1st January 2024 with a tenant break clause at the anniversary of the second year. The Internal Repairing and Insuring lease has been granted outside of the Landlord and Tenant Act 1954 and achieves a passing rental of £14,000 per annum. A term of 999 years from 1st January 2018 (992 years remaining) remains on the Long Leasehold with a peppercorn ground rent.
It is estimated that the flat could achieve a passing rent of £12,600 per annum. A term of 189 years from 1st November 1990 (155 years remaining) remains on the Long Leasehold with a peppercorn Ground Rent.