Land - Building Plot Sold Subject to Contract

Parade, Leamington Spa

Guide Price £1,500,000


  • Grade II Listed Town Centre Building
  • Planning Consent for Conversion to Nine Apartments
  • Proposed GIA 6834 sq.ft.
  • Private Car Park to Rear

For Sale Freehold. A substantial Grade II Listed town centre building with planning consent for conversion to nine apartments with a proposed GIA of 6834 sq.ft. Private car park to the rear.

LEAMINGTON SPA

is a thriving Spa town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many of the industrial and commercial centres of the Midlands as well as the M40 motorway and surrounding train stations providing good access to London. Stratford-Upon-Avon and the Cotswolds are close to hand.

18-20 PARADE

is situated at the northern end of the Parade in a prime town centre location.

DESCRIPTION

An impressive, substantial Grade II Listed Regency building with accommodation arranged over four floors. The property, which is offered with vacant possession, presently comprises offices with upper ground floor reception and entrance offering accommodation with a wealth of character throughout. There are presently two internal staircases. There is a private car park to the rear.

Benefitting from a planning consent for the conversion to nine self contained apartments.

The ground floor retail unit and former basement hairdressers are to be retained by the vendor, albeit they could be purchased in addition by separate negotiation.

PLANNING

Detailed planning consent is granted for the change of use from existing offices on all floors at 18 Parade and first, second and third floors only at 20 Parade to create nine self-contained apartments (the Decision Notice refers to ten, but the plans have been amended to provide nine units). Planning Ref: W/20/1240 Warwick District Council dated 31st July 2021.

The proposed apartments are shown, together with the floor plans. Please note that all measurements/floor areas are indicative and may vary according to build specification.

PROPOSED ACCOMMODATION SCHEDULE

Development schedule [based of drawings PA/10. PA/11. PA/12. PA/13A]

18 Parade
Ground Floor - Apartment 1 - one bed - 804 sq.ft.
First Floor - Apartment 2 - one bed duplex - 457 sq.ft.
First Floor - Apartment 4- one bed - 802 sq.ft.

Second Floor - Apartment 7 - two bed - 830 sq.ft.
Third Floor - Apartment 9 - two bed - 879 sq.ft.

20 Parade
First Floor - Apartment 5 - one bed duplex - 428 sq.ft.
First Floor - Apartment 6 - one bed - 856 sq.ft.
Second Floor - Apartment 8 - two bed - 857 sq.ft.
Third Floor - Apartment 10 - two bed - 921 sq.ft.

Total - 9 apartments - 6834 sq.ft.

BASIS OF SALE

The Freehold is offered for the whole at a price of £1,500,000. The vendors are to retain the ground floor retail unit and its basement of No. 20 Parade and the former hairdressers basement of No. 18 Parade. Both are to be held on 999 year ground leases at peppercorn ground rent.

FURTHER INFORMATION

Additional information is available electronically and includes:

* Original Planning Consent
* Proposed Floor Plans
* Existing Elevations
* Design & Access Statement

SERVICES

Purchasers are advised to make their own enquiries as regards the provision of services. Mains water, drainage, electricity and gas are currently connected to the building.

RIGHTS OF WAY

The property is sold subject to and with the benefit of, any rights of way, easements, wayleaves, covenants or restrictions etc. as may exist over same whether mentioned herein or not, particularly including the passageway to the side of No. 20 from Parade to the rear Council car park.

VIEWING

By appointment with the Selling Agents. A video tour is also available.

  • Grade II Listed Town Centre Building
  • Planning Consent for Conversion to Nine Apartments
  • Proposed GIA 6834 sq.ft.
  • Private Car Park to Rear
Floorplan for Parade, Leamington Spa
  • Leamington Spa Rail Station is 0.60 miles away.
  • Warwick Rail Station is 2.00 miles away.
  • Warwick Parkway Rail Station is 3.26 miles away.
  • Hatton (Warks) Rail Station is 5.80 miles away.
  • Claverdon Rail Station is 6.88 miles away.