Summary - 30 Parade,LEAMINGTON SPA,CV32 4DN CV32 4DN
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime retail investment opportunity
- Size: 3,388 sq. ft. (314.86 sq m) in a prominent mid-parade location
- Currently let to Savers Health & Beauty Limited with a passing rent of £53,500 per annum
- Lease term: 5 years from March 2024 (expiration March 2029)
- Located near major retailers like Tesco and McDonald’s
- Offering price: £795,000; net initial yield of 6.38% after costs
- Affluent area with excellent transport links to Birmingham and London
**Potential Downsides:**
- Lease has 5 years remaining, which may limit financing options from lenders
- The property requires some maintenance, potentially damp issues noted
- High crime rate in local area
Nestled in the heart of affluent Royal Leamington Spa, this substantial commercial property at 30 The Parade offers a lucrative retail investment with guaranteed income through a long-term lease to Savers Health & Beauty Limited. Expanding across 3,388 sq. ft. and positioned next to well-known brands like Tesco and McDonald’s, it showcases a vibrant location in a town renowned for its Regency architecture. With a passing rent of £53,500 per annum and a selling price of £795,000, this opportunity presents an appealing yield of 6.38%—a promising return for savvy investors.
While the property does require some upkeep and has a looming 5-year lease, it grants a solid foundation for future enhancements and adaptations. Investors or businesses looking to establish themselves in a dynamic area with a rich customer base will find immense value here. Act quickly to seize this rare opportunity to invest in a flourishing location that combines strong market presence with future potential.
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