Large shop site in Leamington town centre is sold for almost £500k
A commercial property sales company has helped to sell a large shop site currently used by a healthcare business in Leamington town centre for almost £500,000.
7, 8 & 9 Lunn Poly House was purchased by a local investor for £490,000 in a deal sealed by Bond Wolfe.
The The 4,840 sq ft corner property which has service access to the rear and is located close to national brands including Tesco, Greggs and Poundland. is currently let to Space Healthcare Ltd for £40,000 rent a year.
The company’s lease on the property runs until January 2027.
James Mattin, managing director of Bond Wolfe, said: “We are delighted to have concluded another sale in the centre of Leamington.
“This sale is synonymous of what we are seeing in the marketplace at the moment.
“Private investor demand for quality tenant occupied retail investments remains robust despite the doom and gloom surrounding the recent budget.”