Leamington Spa, , CV32 4SP
Status: For Sale
Property: 32A Lansdowne Street
Size: 1,488 sq ft
The premises comprise an end of terrace and the immediately adjoining mid terrace property which require general updating and improvement. Both have been in the same family for a number of decades and are now available due to the retirement of the owners.
32/32a Lansdowne Street is currently a hardware shop comprising an open plan retail area with a store room, kitchen and WC leading off. An external passageway runs to the side and rear of the terrace to a doorway which provides access to a self-contained flat comprising a double bedroom, living room, bathroom, kitchen and WC.
34/34a Lansdowne Street is a greengrocer, grocer and florist with an open plan retail area and various store rooms to the rear plus a WC. A separate external door from the side passageway provides access to the first floor flat comprising a double bedroom, living room, small dining area, kitchen, and bathroom.
The sale of both properties at the same time provides a purchaser with an opportunity to acquire and refurbish or reconfigure by combining the two shops to create a large single unit and potentially extending the living accommodation across the roof, subject to obtaining the appropriate planning consent. A change of use to two separate terrace properties may also be a consideration or alternatively the existing businesses could be acquired with the benefit of goodwill and fixtures and fittings.
Lansdowne Street runs between Leicester Street and Willes Road on the north eastern edge of Leamington Spa Town Centre. The immediate area is predominately residential and well served by a range of shops along Lansdowne Street which include a newsagent, launderette, two takeaways, fish and chip shop and a general convenience store. Other facilities include three pubs, a betting shop and a beauty salon.
Time limited free on street parking is available along Lansdowne Street and the surrounding side roads and Warwick Street is within a 2 minute walk and leads into the heart of the town.
32/32A - £195K and 34/34A - £225K. The above figures are for the freehold interest with vacant possession upon completion. Alternatively, there is the opportunity to purchase the buildings as going concerns to include goodwill, fixtures and fittings with stock at valuation. Further details on request.