2 bedroom Mixed Use in Warwick
20 Smith Street, Warwick CV34 4HS
- Lot No: 153
- Property Type: Mixed Use
- Contract Type: Unconditional with Variable Fee
Guide Price* £230,000+ plus fees
Property Description
A Grade II Listed freehold building located along Smith Street, Warwick, giving a rare opportunity to complete a mixed-use scheme located within walking distance of Warwick Castle. The unit extends to approximately 1,495 sq.ft and had been part refurbished to the ground floor. The property is situated to the south-west of the popular A429 Smith Street amongst an eclectic variety of local traders including butchers, restaurants, takeaways and hair salons, close to the historic Eastgate and former buildings of Kings High School in the heart of Warwick town centre, close to Castle Lane and Warwick Castle itself. Smith Street is a highly vibrant and sought after location. The residential aspect has a separate rear access from Gerrard Street. DESCRIPTION: The property is believed to be of Georgian construction and is a mid-terraced building which appears to also incorporate remnants of a medieval timber framed structure in part. Elevations are brick and the property has sash windows and revealed timber frames internally. The property includes an impressive stone fire surround and stack. The two bedroomed flat is part completed and requires refurbishment including electrics, plastering, kitchen and bathrooms, etc. Significant preliminary works have been completed including new stairs, flooring, some stud partitioning. New water, gas and electricity supplies have been connected, pending installation of meters. The water supply is shared with the ground floor shop. The shop has a glazed new frontage with glazed door and the retail area has been separated from the residential parts and is tiled with new wiring for service connections. There is also access to a cellar. The kitchen area and WC and lighting need to be completed and there are suspended ceilings in place in the retail area. Upon inspection on 07 07 23 works to the ground floor were nearly complete with minimal work required to have the premises in a lettable condition. The ground floor lock up retail shop extends to 275 sq.ft (25.5 sq.m). The residential aspect is accessed from Gerrard Street into a small garden area and a door to the ground floor lobby with space for a utility area and stairs leading to first floor kitchen, large first floor living room with stone fireplace, two substantial second floor bedrooms, large third floor bathroom plus ancillary room. There is access from Gerrard Street into a small garden area. The gross internal area is approximately 1,220 sq.ft (113.3 sq.m). We have been advised the property is Grade II listed. Planning and listed building consent were granted for refurbishment works (Reference: W14/0025, 0226LB, 1003 and 1139) for two bedrooms with scope for a third. We are advised that all pre-construction conditions have been signed off by Warwick District Council and that proposed works have been approved for the purposes of Building Control.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Freehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 26th October 2023
Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
Lot Information
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