16-18 Smith Street and 1A Gerrard Street consists of a 3-storey traditional build property situated in a prominent corner position. The accommodation comprises two retail units fronting Smith Street on the ground floor, and a 2-bedroom flat on the two upper floors with an entrance on Gerrard Street. One of the shops is an income producing investment
( Agency Pilot Software Ref: 399 )
Location
The subject property is located on Smith Street, at the very heart of Warwick town centre between Warwick Castle and St Johns Museum. Smith Street is fronted by the historic East Gate. It is a vibrant street with a mix of independent retailers and fine restaurants. There is on street parking immediately opposite the property, and on the adjacent streets. There are a number of local authority car parks within a short walk.
Accommodation
16 Smith Street (Vacant) Ground floor retail 181sq ft
Stores/ancillary 292 Cellar 59sq ft
Total 532 sq ft
18 Smith Street (Currently Let) GF retail 363.47sq ft
FF storage 219.5 sq ft
Total 582.97 sq ft
1A Gerrard Street (Vacant) 1st floor & 2nd floor flat Total 953 sq ft
Terms
Services Separate mains electricity, water and drainage supplies are connected.
Planning A1, C3
Tenure The property is to be sold freehold, subject to a lease of 18 Smith Street for a term expiring 23 June 2021 at a rent of £XXX per annum, with vacant possession of 16 Smith Street and vacant possession of 1A Gerrard Street.
Price Offers in the region of £XXX
Rates The rateable values for the current year are: 16 Smith Street £XXX 18 Smith Street £XXX 100% small business rates relief available subject to status of rate payer. Flat 1A Gerrard Street Council Tax band: B
EPC 16 Smith Street E 120 18 Smith Street E 108 Flat 1A Gerrard Street: G 3 (current) E 46 (potential)
Legal Costs Each party will be responsible for their own legal costs incurred in the transaction.
Specification
- Residential and Retail Vacant
- For Sale Freehold
- 2 Ground Floor Retail Units with Residential on First and Second Floors
- Attractive Town Centre Location
- Redevelopment Potential
- Impressive Grade II Listed Building