ALDI WK445197 Former Stores Retail Unit Owner’s Manual

June 15, 2024
ALDI

ALDI WK445197 Former Stores Retail Unit Owner's Manual

ALDI WK445197 Former Stores Retail Unit Owner's Manual

FORMER ALDI STORES RETAIL UNIT QUEENSWAY, LEAMINGTON SPA, WARWICKSHIRE CV31 3AH

  • 16,361 SQ FT (1,520 SQ M) GROSS INTERNAL, APPROX
  • 60 DEDICATED PARKING SPACES AND HGV DELIVERY AREA
  • SITE AREA 1.24 ACRE FREEHOLD PLOT
  • SUIT NON-FOOD RETAIL, SELF-STORAGE, LEISURE OR REDEVELOPMENT FOR RESIDENTIAL, SUBJECT TO PLANNING
  • PRIME LOCATION

ALDI WK445197 Former Stores Retail Unit - LEAMINGTON
SPA

LOCATION
The property comprises the former Aldi store, which was developed in 2013 and which has now been replaced by a larger Eco store of the future – which is immediately adjacent. The property sits prominently on Queensway and very close to Leamington Shopping Park which features Sainsbury’s, M&S, TK Maxx, Next and Boots.

THE PROPERTY
The property comprises of a purpose-built former Aldi food store which is now vacant as Aldi have relocated into an adjacent larger Eco store of the future. The former Aldi store was built in 2013 and is approximately 16,361sq ft gross internal.

PLANNING
The store previously had planning consent for a food retail store, but this use has been extinguished as a result of the recent Section 106 agreement which was entered into and prospective occupiers will need to seek planning consent for alternative purposes – such as residential, care-home, self- storage, non-food retail, car showroom etc, subject to planning permission. A covenant against food retail use will be imposed.

EPC
The property has a B rating.

DATA ROOM
Further information is available via the DATA ROOM apply to Rae & Co Ltd for access.

TENURE
The property is held under part of title number WK445197. Part of the site shown on the title has been removed to allow a larger car park for the adjacent development. The vendors are seeking offers for either a freehold disposal or a new lease on terms to be agreed.

TIMING AND VIEWING
The property is immediately available and viewing can be arranged through the sole agents.

LEGAL COSTS
Each party to be responsible for their own legal costs.

RATES
Rateable value: £265,000
Rates payable: £135,680

PRICE
Offers are invited for the benefit of this valuable freehold property. Alternatively, leasehold offers may be considered.

Please speak to Richard Rae at Rae & Co Ltd.
Viewing strictly by appointment only.

Telephone: 01782 646555
Email: richard@raeandco.co.uk

ALDI WK445197 Former Stores Retail Unit - LEAMINGTON SHOPPING PARK, THE
PROPERY

FLOOR PLAN

ALDI WK445197 Former Stores Retail Unit - FLOOR PLAN

Disclaimer

Rae & Co Ltd conditions under which particulars are issued. Rae & Co Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that:

i. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.
ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, but satisfy themselves by inspection or otherwise as to the correctness of each of them.
iii. No person in the employment of Rae & Co Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property.
iv. All prices are quoted exclusive of V.A.T.

Tel: 01782 646555 Mob: 07967 011829 Email: richard@raeandco.co.uk

References

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