The Rock Mill, Leamington Spa
Guide Price £540000
SOLD subject to contract
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- Riverside Three Storey Character Property
- Three Bedrooms (All With En Suites)
- Beautiful Bespoke Kitchen
- Private Garden
- Sought After Leamington Location
- Set In Approx. 2 Acres Of Residents Grounds
- Approx. 106 Years Remaining On Lease
- Grade II listed
Property description Tenure: Leasehold - Share of Freehold
The Rock Mill is a circa 1450 ft2 Grade II listed house with private riverside garden, situated on the north western extremity of Leamington Spa, close to Warwick. The Rock Mill development comprises 5 apartments and two houses, having been converted by Linfoot Country Homes in 2003. The property is leasehold (105 years remain), with a share of the freehold. The owners can extend the lease whenever they like, at a low cost.
The beautiful grounds, car parks and properties occupy a site of about 2.5 acres and there really is nothing else like Rock Mill in the local area. Walking to Leamington/Warwick town centre takes about 20 minutes with Leamington Spa Railway Station a little closer still.
The buildings insurance, external decoration, grounds keeping etc is all paid for by the management company. No 6 pays approx. £4,500 PA towards this.
In the last 12 months around £10,000 has been spent on decorating of No 6, and the man co has spent nearly £70,000 on the exterior. The residents manage the development themselves and it is extremely well run.
The property has never flooded but is in a higher risk area of course. The current owner insures his contents through Magenta with a premium of just £529 for the year.