Summary - 44 WARWICK STREET LEAMINGTON SPA CV32 5JS
1 bed 1 bath Commercial Property
Large flexible retail or leisure space with immediate availability and planning flexibility.
Double-width glazed shopfront with high pedestrian exposure
Approximately 2,364 sq ft across two storeys and ~15 rooms
Benefit of User Class E planning permission (enquire with council)
A/C, LED lighting, suspended ceiling and shower/WC facilities present
Ground floor currently tenant-fitted; likely requires reconfiguration
Freehold available at £500,000; purchase or new FR&I lease option
Rates payable circa £14,720.50 per year (April 2023 list)
Higher-than-average local crime; verify security and insurance costs
This substantial two-storey town-centre commercial building offers a rare freehold opportunity in Leamington Spa’s primary retail parade. With a double-width glazed shopfront, high pedestrian exposure and nearby restaurants and national occupiers, the property suits retail, leisure or office operators under the existing User Class E planning permission. The building includes useful services such as air-conditioning, LED lighting and shower/WC facilities, and presents good scope for tenant fit-out or reconfiguration.
At about 2,364 sq ft across two levels with around 15 rooms, the long, narrow footprint delivers a large flexible space including a wide ground-floor retail area and a substantial open-plan first floor. The property is available immediately and can be taken as a new lease or purchased freehold for £500,000 — a clear option for investors seeking direct control and rental income. Short-stay, on-street Pay & Display parking serves customer turnover outside the unit.
Buyers should consider material factors plainly: the area records higher crime levels than average, and the property carries a Rateable Value with annual rates payable of £14,720.50 (April 2023 list). The ground floor is currently fitted to tenant specification and will probably require reconfiguration for many occupiers; buyers must satisfy themselves about mains services and the condition of plant and equipment because these have not been tested.
For investors or owner-operators focused on town-centre trading, the property offers strong trading position and conversion potential. For those prioritising low-risk locations, the higher local crime and the need for fit-out and refurbishment are important practical considerations when budgeting time and cost for occupation.
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