Sanghera Lettings snaps up prominent property in Leamington Spa

Sanghera Lettings Ltd has bought a retail and residential investment property in the middle of Royal Leamington Spa for £508,000 in a deal by agents Bromwich Hardy.

The latter said 80 Regent Street currently produces annual rents of £41,820 a year.

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The ground and lower ground floors are currently let to a successful beauty salon, while the two residential flats above are each fully let on assured shorthold tenancies at £5,220 and £6,600 a year respectively.

Mark Booth, a surveyor at Bromwich Hardy, said: "We are pleased to have achieved what is an excellent sale price for this property.

"The property is located on Regent Street, one of Leamington Spa’s main retail locations, which runs from east to west across The Parade.

"The building is directly opposite the Royal Priors shopping centre and the resulting high footfall and excellent visibility from the shopping centre produced some strong competition for the purchase."

Booth also noted that another attraction of the site was the nearby Regent Court, which hosts a number of restaurants and shops including Caffe Nero, Nationwide and Nando's.

Davisons Law advised Sanghera Lettings, while the private vendor had legal advice from Blythe Liggins.