1 New Brook Street, Leamington Spa, Warwickshire, CV32 5AP
Freehold office building in Leamington Spa
Guide price*
£215,000+
Plus fees
Unsold
Lot information
Commercial Vacant
Auction details:
Thursday 12th September 2024 @ 08:30AM
Freehold vacant office building ideal for owner occupier or development subject to planning consent
Property Description
The property comprises a mid-parade 2 storey self-contained office building in a prime town centre location. With the benefit of on street parking close by, the property extends to 1,002 sq.ft. (93.2 sq.m.) and lends itself to a variety of potential uses. The property incorporates, office accommodation, kitchen facilities, separate male & female WC’s , carpeted floors, secondary glazing, air conditioning and heating.Location
Royal Leamington Spa is an attractive and affluent Spa town located in the heart of Warwickshire. The town is only 5 miles from Junction 13 & 14 of the M40 Motorway and is situated approximately 2 miles east of Warwick, 8 miles South of Coventry and 18 miles southeast of Birmingham.Furthermore, the building is only a ten-minute walk from Leamington Railway Station, providing access to London Marylebone (1hr 15 mins), Birmingham New Street (45 mins) and Birmingham Airport/NEC (30 Mins).
New Brook Street is located just off Warwick Street, a short distance west of Leamington Spa Town Centre close to Leamington Fire Station with a mixture of residential and commercial properties around. The main Town Centre retail and leisure facilities are within a 5 minute walk. On street car parking is available outside and in adjacent streets.
Accommodation
Ground FloorOffice 1: 6.8m x 3.6m
Office 2: 6.62mx 6.73m
First Floor
Office 3: 3.46m x 3.63m
Office 1: 3.76m x 3.76m
Approximate total floor area – 1097 sq. ft. ( 101.95 sq m)
Energy Performance Rating
CTenure
Freehold – Vacant possession upon completion.Planning
We understand that the premises has the benefit of planning permission for User Class Epurposes (Business Use). Interested parties are advised to make their own enquiries of
Warwick District Council Planning Department on 01926 456760.
Services
We understand that all mains services are connected to the site however, interestedparties are advised to satisfy themselves that this is the case. The agents have not tested
any apparatus on site and therefore, cannot verify the condition.
Value Added Tax
We understand VAT is not applicable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Rateable Value
£13,750 (April 2023)For occupiers who are eligible for Small Business Rate Relief, a saving of up to 100% could
be made available. For confirmation of this and for potential eligibility, please liaise with
Warwick District Council Business Rates Department, 01926 456760.
Viewings
Strictly by appointment with the Auctioneers.
DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
