47-49 Smith Street, Warwick, Warwickshire, CV34 4JA
For Sale £540,000Coventry
Warwickshire
CV1 1DY
Description
- Commercial Investments
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.
Key Facts
In more detail
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.
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.
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.
47: C - 75
49: D - 86
47 Flat: E - 39
49 - E - 51
VAT will be payable on the purchase price.
Each party will be responsible for their own costs in connection with a sale.
To arrange a viewing please contact the commercial Team on commercial@loveitts.co.uk or 024 7622 8111 (Option 2).
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