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TO LET ON A NEW LEASE 11 SMITH STREET WARWICK CV34 4JA
Ground Floor Lock-Up Shop Unit Prominently Situated Fronting Historic Smith Street Net Internal Area Around 69.39m² (747ft²) Rental: £11,000 Per Annum Exclusive
11 Smith Street, Warwick, CV34 4JA
LOCATION
ACCOMMODATION
These premises are prominently located close to The East Gate & St. Peter’s Chapel (see photo) end of historic Smith Street (A429), which is a picturesque one-way street close to the commercial heart of the town and comprising many Listed Buildings with a number of independent retailers, restaurants, etc.
All measurements are approximate and on a Net Internal Area basis.
Smith Street is understood to be the oldest shopping street in Warwick, benefitting from short-stay on-street pay-and-display parking. There are also a number of nearby public car parking facilities including Priory Road Surface Car Park. Warwick’s medieval Castle is also nearby as are St Nicholas Park, St. John’s House Museum, the Railway Station, etc. The premises are also conveniently situated for the A46 (Warwick By-Pass – about two miles) with access to Coventry (10 miles north) and Stratford-Upon-Avon (9 miles south). Junctions 13, 14 and 15 of the M40 are also readily accessible being just a few miles distant to the south providing access to Birmingham (about 25 miles north-west) and London (about 100 miles south-east). Warwick is the county town of Warwickshire and has a population of 31,345 (2011 Census). DESCRIPTION The property comprises a ground floor lockup shop unit forming part of a three storey principally brick built period building providing three retail units on the ground floor with offices above (see photo). The premises are currently arranged as an open plan sales area with further sales/office/workshop accommodation at the rear together with a WC. There is a right to park one car in the landlord’s car park at the rear (located off Priory Road Surface Car Park).
Ground Floor Front Sales Area
39.31m² (423ft²)
Rear Sales/Office/Workshop 30.08m² (324ft²) WC CURRENT TOTAL NET INTERNAL AREA 69.39 M² (747 Ft²) SERVICES Mains electricity, water and drainage are understood to be installed to the premises, subject to connection charges by the utility companies. No tests have been applied. LEASE The premises are available on a new tenant’s effective full repairing and insuring lease (recoverable by way of a service charge) for a term by agreement, but a six year lease, subject to an upward only rent review at the end of the third year, is suggested. INITIAL RENT The premises are available at a commencing rental of £11,000 per annum exclusive. COSTS Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable.
11 Smith Street, Warwick, CV34 4JA
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting. LOCAL AUTHORITY Warwick District Council Riverside House Milverton Hall Leamington Spa CV32 5HZ Tel: 01926 410410 TOWN PLANNING/USE The premises are understood to have an existing use for Class A1 (shops) purposes and are situated within Warwick Conservation Area. Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use. RATES We are informally advised by the Local Authority that the current assessment is (exclusive of any business rates which may be applicable to the car parking space):Rateable Value (2017 List): £7,400 Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. Any queries regarding Business Rates Relief should also be directed to the Local Authority. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref: SRE)
11 Smith Street, Warwick, CV34 4JA
Subject property for identification purposes only
11 Smith Street, Warwick, CV34 4JA
Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
iii)
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.
Ground Floor Lock-Up Shop Unit Prominently Situated Fronting Historic Smith Street Net Internal Area Around 69.39m² (747ft²) Rental: £11,000 Per Annum Exclusive
11 Smith Street, Warwick, CV34 4JA
LOCATION
ACCOMMODATION
These premises are prominently located close to The East Gate & St. Peter’s Chapel (see photo) end of historic Smith Street (A429), which is a picturesque one-way street close to the commercial heart of the town and comprising many Listed Buildings with a number of independent retailers, restaurants, etc.
All measurements are approximate and on a Net Internal Area basis.
Smith Street is understood to be the oldest shopping street in Warwick, benefitting from short-stay on-street pay-and-display parking. There are also a number of nearby public car parking facilities including Priory Road Surface Car Park. Warwick’s medieval Castle is also nearby as are St Nicholas Park, St. John’s House Museum, the Railway Station, etc. The premises are also conveniently situated for the A46 (Warwick By-Pass – about two miles) with access to Coventry (10 miles north) and Stratford-Upon-Avon (9 miles south). Junctions 13, 14 and 15 of the M40 are also readily accessible being just a few miles distant to the south providing access to Birmingham (about 25 miles north-west) and London (about 100 miles south-east). Warwick is the county town of Warwickshire and has a population of 31,345 (2011 Census). DESCRIPTION The property comprises a ground floor lockup shop unit forming part of a three storey principally brick built period building providing three retail units on the ground floor with offices above (see photo). The premises are currently arranged as an open plan sales area with further sales/office/workshop accommodation at the rear together with a WC. There is a right to park one car in the landlord’s car park at the rear (located off Priory Road Surface Car Park).
Ground Floor Front Sales Area
39.31m² (423ft²)
Rear Sales/Office/Workshop 30.08m² (324ft²) WC CURRENT TOTAL NET INTERNAL AREA 69.39 M² (747 Ft²) SERVICES Mains electricity, water and drainage are understood to be installed to the premises, subject to connection charges by the utility companies. No tests have been applied. LEASE The premises are available on a new tenant’s effective full repairing and insuring lease (recoverable by way of a service charge) for a term by agreement, but a six year lease, subject to an upward only rent review at the end of the third year, is suggested. INITIAL RENT The premises are available at a commencing rental of £11,000 per annum exclusive. COSTS Incoming tenant to pay all reasonable legal costs in respect of the transaction, including Stamp Duty and VAT, if applicable. VAT All prices and rents mentioned in these details and any subsequent correspondence are exclusive of VAT, if applicable.
11 Smith Street, Warwick, CV34 4JA
FIXTURES AND FITTINGS All items usually classed as tenant’s fixtures and fittings and not mentioned in these details are excluded from the letting. LOCAL AUTHORITY Warwick District Council Riverside House Milverton Hall Leamington Spa CV32 5HZ Tel: 01926 410410 TOWN PLANNING/USE The premises are understood to have an existing use for Class A1 (shops) purposes and are situated within Warwick Conservation Area. Prospective occupiers should rely on their own enquiries with the Planning Authority as to whether planning permission is necessary for their proposed use. RATES We are informally advised by the Local Authority that the current assessment is (exclusive of any business rates which may be applicable to the car parking space):Rateable Value (2017 List): £7,400 Please note that this is not the Rates Payable and prospective occupiers are advised to make their own enquiries with the Local Authority for verification of the Rateable Value and confirmation of the amount of Rates Payable. Any queries regarding Business Rates Relief should also be directed to the Local Authority. VIEWING By arrangement with:LOVEITTS COMMERCIAL Telephone: 024 7622 8111 E-mail: [email protected] (Ref: SRE)
11 Smith Street, Warwick, CV34 4JA
Subject property for identification purposes only
11 Smith Street, Warwick, CV34 4JA
Conditions under which particulars are issued: Messrs Loveitts for themselves and for vendors or lessors of this property, whose agent they are, give notice that: i)
The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, or constitute part of, an offer or contract.
ii)
All descriptions, dimensions, reference to conditions and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct and any intended purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of them.
iii)
No partner or any person in the employment of Loveitts has any authority to make or give any representation or warranty whatever in relation to this property.
iv)
All prices and rents quoted are exclusive of V.A.T. unless otherwise stated.
