33 Clarendon Square

£25,000

* Freehold Ground Rents * Five Units in Converted Regency Property * 125 years from 1st January 2003 * Ground rent total £375pa * Uplift to £750pa in 2028 * Leases approximately 107 years unexpired

LOCATION
Royal Leamington Spa is a beautiful and prosperous town located in the heart of Warwickshire. With a current population of around 50,000, the town’s growth was largely due to the natural spa springs that were discovered and commercialised in the nineteenth century.

DESCRIPTION
A converted Regency town house overlooking the formal Victorian gardens of Clarendon Square. Converted to provide five self-contained units split across six floors.


ACCOMMODATION
Landlord & Tenant Act 1987
Section 5(a) Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have declined their right of first refusal under the legislation.

TERMS
Lease Terms
125 years from 1st January 2003. Hence, approximately 107 years unexpired.

LEGAL COSTS
Each party will be responsible for their own legal costs associated with the transaction.

SERVICE CHARGE
Management/Insurance/Service Charge
We understand that the freeholder is responsible for maintenance, management and insurance of the building, recovering the cost from the leaseholders by way of a service charge.

VIEWING
To discuss the property please contact the commercial team:
01789 387882
commercialgroup@sheldonboskeyknight.co.uk