Vacant Premises for sale in Leamington Spa

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Freehold Commercial Property Located In Leamington Spa

Leamington Spa, Warwickshire, England

  • Freehold Price: £839,950
Seller Reference: 2350
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Business Description
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Seller Reference: 2350
Request Details
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 emphasis 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.
Location Details:
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.
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