Property overview

33 The Parade, Leamington Spa, CV32 4BL

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£1,045,000
Dec 2015

Franck-Steier Price has recently been involved in the sale of this prime retail investment on The Parade in Leamington Spa.

The property lies on the corner of The Parade and Warwick Street, opposite Boots, Next and Caffe Nero.

The ground floor is let to East on a 10 year lease from 2014 at £50,000 per annum. The upper floors are let to a beautician on a lease expiring in 2020 at £15,000 per annum.

The property was sold for £1,045,000 which represents a net initial yield of 5.88%, assuming full costs of purchase of 5.8%.

The property lies on the corner of The Parade and Warwick Street, opposite Boots, Next and Caffe Nero.

The ground floor is let to East on a 10 year lease from 2014 at £50,000 per annum. The upper floors are let to a beautician on a lease expiring in 2020 at £15,000 per annum.

The property was sold for £1,045,000which represents a net initial yield of 5.88%, assuming full costs of purchase of 5.8%.