Russell Terrace, Leamington Spa, CV31

For Sale £1,200,000

22 12 3
A handsome Victorian mansion owned by the same family since 1986.  Formerly a care home, the property was converted into a 22 room HMO student accommodation in 2000 generating £141,598.30 of revenue to April 2024.

As well as continuing with the HMO the property offers a rare development opportunity for apartment conversion or returning to a magnificent family home.

According to the EPC there is a floor area of 614m2.

The tender pack is available on request and we are opening the property for viewing between 1pm and 3pm on the 17th of May and inviting offers in writing  by midday 30th of May 2024

 

Offer requirements

 

• The name and address of the intended purchaser(s);

* Clearly detail any conditions / points for clarification attached to your offer (if not confirmed, the offer will be deemed unconditional);

• Confirmation of any further due-diligence required pre-exchange;

• All offers must be for a fixed price sum;

• Detail how the purchase is to be financed;

• Name and address of your Lawyer;

• Confirm timescales to legal completion

 

Please contact me directly for further clarification.



We have tried to ensure these details are correct. Handles Property accept no liability should there be any errors and you should seek further clarification should you so wish.

  • Offers invited by midday 30th May
  • Handsome 6,600 ft2 Victorian Mansion
  • Broad Tree Lined Avenue of fine homes
  • Walking distance to parks, Newbold Comyn and town centre
  • Currently a 22 bed, 12 bathroom student HMO
  • Let to September 25 generating £141,598.30 to 5th April 2024
  • Could also be developed into apartments or magnificent house (STP)
Floorplan for Russell Terrace,  Leamington Spa, CV31 Floorplan for Russell Terrace,  Leamington Spa, CV31 Floorplan for Russell Terrace,  Leamington Spa, CV31

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