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47-49 Smith St 2,592 SF 81% Leased Retail Building Warwick CV34 4JA $1,007,370 CAD ($388.65 CAD/SF) 7.16% Cap Rate
Investment Highlights
- Prominent town centre position
- Established rental income stream
- Period mixed-use building
Executive Summary
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.
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.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This well-presented ground floor commercial premises offers an excellent opportunity for a variety of occupiers, subject to the necessary consents. The property provides an open-plan retail/sales area with ancillary accommodation to the rear, benefiting from a prominent frontage onto Smith Street, one of Warwick's principal thoroughfares.
| Space | Size | Space Use | Position | Available |
| Ground | 481 SF | Retail | - | Now |
Ground
| Size |
| 481 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Ground
| Size | 481 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This well-presented ground floor commercial premises offers an excellent opportunity for a variety of occupiers, subject to the necessary consents. The property provides an open-plan retail/sales area with ancillary accommodation to the rear, benefiting from a prominent frontage onto Smith Street, one of Warwick's principal thoroughfares.
Nearby Major Retailers
Presented by
47-49 Smith St
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