Market Place, Warwick

£275,000 OIRO
  • Ref: marketplace68
  • Type: Investment
  • Availability: Sold STC
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Property Features

  • INVESTMENT SALE
  • THREE STOREY GRADE II LISTED
  • COMMERCIAL
  • TOTAL FLOOR AREA 153.40SPM

Property Summary

LOCATION 68 Market Place is prominently situated in the heart of Warwick town centre; directly opposite New Street, and close to the junction of Swan Street and Brook Street. It is close to the Market Hall Museum, a 17th century landmark building and visitor attraction, as well as the worldrenowned Warwick Castle “Britain’s Ultimate Castle”.


DESCRIPTION   The property comprises a three storey Grade II Listed Building understood to date from the early 19th Century with red brick façade, and two window range of twelve and nine pane sash windows with painted rendered heads, set beneath a parapet roof.


ACCOMMODATION  The approximate floor areas measured on a Gross Internal Area basis are as follows:


Ground Floor Zone A   29.23 sq m (315 sq ft)      Zone B   22.87 sq m (246 sq ft)      Zone C   18.26 sq m (196 sq ft)


First Floor 47.66 sq m (513 sq ft)


Second Floor 35.38 sq m (381 sq ft)


TOTAL 153.40 sq m (1,651 sq ft)


  SERVICES  Mains electricity, water and drainage are all understood to be connected to the property (interested parties should satisfy themselves as to the accuracy of this information).    TENURE  The property is available freehold, subject to the existing lease to British Heart Foundation, brief details of which are:


Lease start date 15 May 2018         Lease end date  14 May 2028 Lease break date  24 June 2025          Initial rent £15,250 per annum exclusive


COSTS Each party are to bear their own costs in the purchasing of the property, with the purchaser paying any Stamp Duty and/or VAT.


PLANNING  No enquiries have been made of the local planning authority relating to the current use. The property has been otherwise in continuous use for retail purposes.


BUSINESS RATES               Rateable Value:   £14,000.00       Rates payable 2021/22:    £6,986.00


PRICE Offers for the freehold are sought in the region of £275,000 (two hundred and seventy-five thousand Pounds).


VIEWING  By appointment only via the sole agent, please contact