Leamington Spa, CV32

Freehold Commercial Premises Located In Cubbington, Leamington Spa

Internal Space 4134 sq.ft.

Addition Storage Area 5575 sq.ft.

A1 Retail Planning Consent

Ref 2350

Location

This detached property which consists of two semi detached three storey buildings is located on Kelvin Road in the village of Cubbington which sits on the north-eastern outskirts of Leamington Spa. Positioned within a small parade of shops on a residential housing estate and adjacent to Telford Infant and Junior school. Within close proximity you have Sainsburys, Shell petrol station, Cubbington newsagents, Cubbington carpets and The Rugby tavern. The A445, B4453 and Kenilworth road provides easy access to Leamington Spa town centre (2miles), Kenilworth (4 miles) and Coventry (7 miles). The town offers wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Freehold Asking Price: £799,950

Business Description

Veritas Business Sales are delighted to offer for sale this deceptively large retail property located in Cubbington, Leamington Spa. The property dates back to circa 1950s and has been in the hands of my clients for the past 40 years who unfortunately due to ill health are now reluctantly forced to take early retirement. Over many years extensive improvements and extensions have been made. 61 Kelvin Road has traded for many years as Kelvin Cycles offering retail and workshop services. The business is still trading however more recently the emphasise has been on developing the room rental potential of the hair and beauty business. The cycles side of the business could easily be increased to take advantage of its long established reputation in the Midlands area. 63 Kelvin Road has been trading as a hair and beauty business for approximately 15 years. The salon is fully equipped and operates a mixture of room rents and chair rents. A large area of the rear section of 63 is currently used as a photography studio with party/makeover rooms. Current rental income is circa £65,000 and has been substantially in excess of this in recent years. Due to the fact the business was planned to be marketed new rental business has been put off. The property currently has full commercial usage but subject to planning consent could be returned to excellent living accommodation in this sought after area. We believe that this is a rare opportunity to purchase 2 large semi-detached properties together that would lend themselves to a host of different uses with a great base to build upon and as such early viewing is highly recommended.

The existing business briefly consists of:

8 large rentable treatment rooms

Ground floor salon with 6 hairdressing chairs/workstations, 2 backwashes and 1 front wash

1st floor salon with 5 hairdressing chairs/ workstations and 2 backwashes

Photo studio

Separate Yoga/Fitness/Dance studio with ancillary storage.

Separate cycle shop with storage and workshop areas

Ground Floor 61 Kelvin Road

Main retail showroom/studio

Retail area/storage area

Office/treatment room

Downstairs toilet

Separate Cycle Shop entrance to large brick built retail space

Large well constructed wooden buildings to the rear/yard area

63 Kelvin Road

Main salon comprising 6 work stations, 2 backwashes, 1 frontwash, reception area and waiting area

2 x treatment rooms /offices off the salon

Storage area- coffee making area

Toilet and washroom

Hallway area/ studio waiting area

Storeroom/mixing room with stock cabinets

Photo Studio

Large Party/Makeover room with small kitchen area

Storage space

First Floor

61 and 63 Kelvin Road combined

63 Landing

Toilet and washroom

Staffroom with washing machine and tumble dryer

Treatment room with Granite wash basin unit and built in storage cupboard. Access to loft area

Treatment room with Granite wash basin vanity unit.

Waiting room with ornate fireplace with through access.

Salon comprising 5 work stations, 2 back washes, 4 cupboards with sink unit

61 Landing area with access to downstairs studio and 2nd floor staircase

Front Treatment room with vanity sink unit

Rear Treatment room with vanity sink unit and 2 large storage cupboards

Toilet and washroom

Landing Built-in Storage Cupboard

2nd Floor Treatment room with beams, Velux windows and vanity sink unit - access to 63.

63 loft space - large boarded storage space.

Second Floor Loft Space

Room with sink drainer and 2 velux windows

Room for bike storage

Hallway with stationary cupboard

Number 61

Ground Floor 937 sq ft

First floor 719 sq ft

Second Floor 411 sq ft

Number 63

Ground Floor 937 sq ft

First floor 719 sq ft

Second Floor 411 sq ft

Total Ground Floor 1,874 sq ft

Total First Floor 1,438 sq ft

Total Second Floor 822 sq ft

Additional ground floor rear storage buildings. Timber built with flat roofs to include a rear yard and an area totalling (5,575 sq ft

Rateable Value

61 Kelvin Road £10,500

63 Kelvin Road £6,700

As the properties are spilt they benefit form small business rate relief and currently the business rates are zero.

Fixtures and fittings

A list of fixtures and fittings to be included will be provided. Other stock/equipment, if required to be negotiated.

Will include Crimestop Security & Fire Ltd Audible Intruder Alarm System with Speech Dialler and Fire Detectors. Gold Std.

The property benefits from double glazing and gas fired central heating