47-49 Smith Street, Warwick, Warwickshire, CV34 4JA
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Mixed use, Other
No floor / site plan
Key features
- Freehold mixed-use investment opportunity
- Ground floor commercial premises
- Two self-contained duplex apartments
- Current income of £38,650 per annum
- Current Business Rates: £7,100 & £6,600
Council Tax Band: B & B
Description
Smith Street is a well-established commercial thoroughfare situated within the heart of Warwick town centre, connecting directly with the town's principal retail and leisure areas. Warwick is one of Warwickshire's most sought-after market towns, renowned for its historic character, strong tourism sector and excellent transport links. Warwick Railway Station provides direct services to Birmingham and London Marylebone, whilst Junctions 13, 14 and 15 of the M40 motorway are all within easy reach. The property occupies a prominent position amongst a mixture of independent retailers, cafés, restaurants, professional offices and residential accommodation. Warwick Castle, Market Place and the town's extensive amenities are all within walking distance, supporting strong levels of footfall and occupier demand.
Description
A rare opportunity to acquire a fully income-producing freehold mixed-use investment comprising a ground floor commercial premises and two self-contained duplex apartments, prominently positioned within Warwick town centre.
The property comprises a period building arranged as a ground floor retail/commercial unit with separate residential accommodation above. The residential element consists of a one-bedroom duplex apartment and a two-bedroom duplex apartment, both independently accessed and currently occupied,. In total, the property generates a passing rent of £38,650 per annum, providing investors with an attractive and established income stream.
Retaining much of their original character, the buildings occupy a prominent position within a well-established mixed commercial and residential area.
Investment
The commercial premises are currently let and producing an annual rental income of £21,000 per annum.
The residential accommodation is currently generating a combined rental income of £17,650 per annum.
Energy Performance Certificate
47: C - 75
49: D - 86
47 Flat: E - 39
49 - E - 51
VAT
VAT will be payable on the purchase price.
Legal Costs
Each party will be responsible for their own costs in connection with a sale.
Viewing
To arrange a viewing please contact the commercial Team on or (Option 2).
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
47-49 Smith Street, Warwick, Warwickshire, CV34 4JA
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Disclaimer - Property reference 42FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Loveitts, Coventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.