Summary - 21B GEORGE STREET LEAMINGTON SPA CV31 1HA
1 bed 1 bath Retail Property (high street)
Compact vacant retail unit with cellar and long‑lease flats — ideal low-entry investment..
Freehold high-street retail with vacant ground-floor unit
Ground-floor retail approx. 107 sqft; cellar/store approx. 173 sqft
Three flats sold on 99-year leases producing peppercorn rents
Cellar has gas supply; self-contained WC and basic kitchen
Excellent connectivity: 0.5 miles to station, fast broadband
High local crime level; may affect footfall and insurance premiums
No outdoor space or dedicated parking; small plot
Compact unit will likely need refurbishment before re-letting
A compact freehold high-street unit in central Leamington Spa offering a clear entry point for investors. The ground-floor retail space is vacant and ready for re-letting or repositioning, with an immediately usable cellar that includes a gas supply and ancillary WC and kitchen. The building was rendered in 2015 and benefits from good transport links and fast broadband.
The asset includes three surmounting flats sold on long 99-year leases that currently produce peppercorn rents and a small service charge for communal repairs — so the residential side offers little immediate income but secures long‑term asset control. The retail unit (approx. 107 sqft retail plus a 173 sqft cellar/store) is compact, suited to an independent retailer, office, or local service operator.
Practical drawbacks are material and should inform purchase plans: the retail area is small and likely requires refurbishment to meet modern trading standards; the neighbourhood records higher crime levels which may affect footfall and insurance costs; there is no outdoor or dedicated parking. This is best suited to a buyer seeking a low-entry freehold town-centre investment with short-term refurbishment or rental upside.
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