Bedford Street, 4 Bedford Street, Leamington Spa, CV32 5DY | Property for sale | Savills
5,775 sq ft(536.51 sq m)
Excess of £1,330,000

Bedford Street4 Bedford Street, Leamington Spa, CV32 5DY

  • Under offer
  • Freehold

Key features

  • Entire property let to Rosamaya Limited
  • Property arranged over four levels extending to 5,775 Sq Ft (536 Sq M)
  • Current pub rent of £109,175 per annum
  • Pub lease expires October 2031
  • We are instructed to invite offers in excess of £1,330,000 (7.75% NIY)
  • The pub rent is subject to five yearly open market reviews and annual RPI increases with a cap of 4% (except in the open market review year)
  • Business unaffected by sale

Freehold public house investment for sale let until October 2031 at a rent of £109,175 per annum

About this property

  • Description
    The property is arranged over ground, basement, first and second floors of a semi-detached building with painted rendered brick elevations beneath a pitched and hipped roof.

    Virtual Tour
    Please see the link below to access the Virtual Tour:
    https://vt.ehouse.co.uk/kHDYqoxAkcr

    Tenure
    The property is held freehold (Title Number WK109662).

    Tenancy
    The entire property is let to Rosamaya Limited on a 12 year lease expiring on 27 October 2031 at a current rent of £109,175 per annum which is subject to five yearly open market reviews and annual RPI increases with a cap of 4% (except in the open market review year). A rent deposit of £25,512 is held by the landlord.

    Planning
    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

    EPC
    In the course of preparation.

    Terms
    We are instructed to invite offers in excess of £1,325,000 (7.75% NIY) assuming the usual purchasers costs.

    Fixtures & Fittings
    The fixtures and fittings are currently owned by the occupational tenant.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewings
    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

    For further information and all viewing requests please contact the sole selling agents Savills.

Local information

  • Located in the town of Leamington Spa in the county of Warwickshire, 27.3 miles (43.7 kilometres) south east of Birmingham and 50.5 miles (80.8 kilometres) north of Oxford.
  • The property is situated fronting Bedford Street which is surrounded by commercial retail and leisure operators including Copper Pot (Greene King), the Benjamin Satchwell (JD Wetherspoon) and a number of independent pub and restaurant operators.

Available space

Namesq ftsq mAvailability
Basement - Basement59855.56Available
Ground - Ground3,369312.99Available
1st - First1,565145.39Available
2nd - Second24322.58Available
Outdoor - Balcony14813.75Available