Licensed Leisure Former Athenee Royale...savills.co.uk New free of tie sub lease Ground, basement...

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savills.co.uk New free of tie sub lease Ground, basement and mezzanine unit extending to 6,316 sq ft Prominent high street location Public house (A4 Use Class) Licensed Leisure Former Athenee Royale 38 Warwick Street, Leamington Spa, CV32 5JS To Let – Rental Offers Invited Savills 33 Margaret Street London W1G 0JD +44 (0) 20 7299 3088

Transcript of Licensed Leisure Former Athenee Royale...savills.co.uk New free of tie sub lease Ground, basement...

Page 1: Licensed Leisure Former Athenee Royale...savills.co.uk New free of tie sub lease Ground, basement and mezzanine unit extending to 6,316 sq ft Prominent high street location Public

savills.co.uk

� New free of tie sub lease

� Ground, basement and mezzanine unit extending to 6,316 sq ft

� Prominent high street location

� Public house (A4 Use Class)

Licensed LeisureFormer Athenee Royale38 Warwick Street, Leamington Spa, CV32 5JS

To Let – Rental Offers Invited

Savills 33 Margaret StreetLondon W1G 0JD

+44 (0) 20 7299 3088

Page 2: Licensed Leisure Former Athenee Royale...savills.co.uk New free of tie sub lease Ground, basement and mezzanine unit extending to 6,316 sq ft Prominent high street location Public

LocationThe property is located in the town of Royal Leamington Spa approximately 30.0 miles south east of Birmingham and 12.3 miles north east of Stratford-upon-Avon. The Former Athenee Royale occupies a corner position at the intersection between Warwick Street and Windsor Street. The area comprises a mix of retail, restaurant and residential apartments with Hush Leamington and Thrills immediately opposite, the Cellar Bar adjacent and operators including Dukes, Bourbon Smokehouse and Meatcure also on Warwick Street.

Rail services are available from Leamington Spa station which is 0.6 miles to the south and provides services to London St Pancras International in approximately 1 hour and 15 minutes. Junction 13 of the M40 is 5.0 miles to the south via the A452.

Property Description The Former Athenee Royale occupies the ground, basement and mezzanine level of a modern four storey corner property of rendered brick elevations beneath a flat roof. Fenestration is double glazed.

Internal DescriptionThe trading area is accessed directly from Warwick Street and comprises an open plan customer area with a bar servery to the rear wall and seating on a mix of wooden tables and chairs and sofas. To the rear of the ground floor is a disabled toilet and two dumbwaiters. The mezzanine level is accessed from an internal staircase to the rear and comprises a function room, ladies and gentlemen’s WC’s and a managers office.

The full height basement is accessed from an internal staircase at the end of the bar servery and comprises a thermostatically controlled cellar, trade kitchen, store room, staff room and staff toilet.

We have measured the property on a gross internal basis and summarise the approximate floor areas below:

Description Sq m Sq ftGround 253.3 2,726Mezzanine 217.0 2,336Basement 116.5 1,254Total 586.8 6,316

External DescriptionExternally there is a bin store to the rear car park.

TenureThe property is available by way of a new free of tie sub lease on terms to be negotiated. Rental offers are invited. An annual service charge is payable, further details of which can be provided upon request.

PlanningWe understand the property currently benefits from Class A4 use. The property is not listed but is situated within the Leamington Spa Conservation Area.

LicensingThe property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the pub is permitted to sell alcohol Monday to Sunday 08:00 to 00:00.

RatingThe subject property is entered in the 2010 Rating List with a Rateable Value of £70,000. The National Multiplier for England and Wales in 2016/17 is £0.497.

Fixtures and FittingsFixtures and fittings that are owned outright by the business are included in the sale.

Energy Performance Certificate An EPC is currently in the course of preparation.

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | September 2016

Stuart [email protected] 7299 3088

Paul [email protected] 7877 4555

For a formal viewing, strictly by appointment with Savills.

50 metres

For more information on our products and services:www.experian.co.uk/goad | [email protected] | 0845 601 6011

Leamington Spa

Experian Goad Plan Created: 05/09/2016Created By: Savills

Copyright and confidentiality Experian, 2016. © Crown copyright and databaserights 2016. OS 100019885

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.