Lansdowne Hotel, 87-89 Clarendon Street, Leamington Spa, Warwickshire, CV32 4PF

Location

The Lansdowne Hotel is located at the junction of Clarendon Street, Warwick Street and Willes Road, a short walk from Royal Priors Shopping Centre, Jephson Gardens and a host of other retail and leisure facilities. The train station provides services to Birmingham International Airport, Birmingham, London and beyond.

Description

The long-established hotel comprises a substantial period property with painted render façade, private car park and a range of guest amenities. It offers a fantastic opportunity for a new occupier to secure any necessary planning consent for another commercial use or conversion to residential. NUMBER 87 GROUND FLOOR Enclosed porch leading to entrance hall, office/reception, lounge, dining room, kitchen, laundry room and two toilets. En-suite bedroom. Two doors lead to the car park. BASEMENT Manager's bedroom, bathroom and boiler room. FIRST FLOOR Five en-suite bedrooms. SECOND FLOOR 2 ensuite bedrooms and 2 non-ensuite bedrooms OUTSIDE Private car park with four spaces. On street permits are available and the number is subject to negotiation and varies based on the use of the property

Services

All mains services are connected. There is a gas fired boiler providing central heating via hot water radiators.

Rates Comments

The current Rateable Value is £15,700.

Energy Performance Certificate

Rating 85D valid until 14th October 2031 for 87-89 Clarendon Street.

Planning

The Hotel use falls within Class C1

Tenure Comments

The property is available on a new lease for 10 years at a rent of £48,000 per annum exclusive with a rent review on the fifth anniversary. The tenant will be responsible for all repairs and decorations. The lease will exclude sections 24 to 28 of The Landlord and Tenant Act 1954. A sale will be considered at a price to be agreed. Offers invited in the region of £950,000 assuming vacant possession.

VAT

This will not be payable on the sale price.

Viewing

Strictly by appointment with the sole agent 024 7622 8111 (Option 2).