The property is situated on Swan Street, which is one of the towns principle retailing locations. It occupies a prominent location close to Warwick's town centre. Other shops nearby include Marks & Spencer, Cafe Nero, Greggs and Lloyds Bank.
The property has a Commercial E Class business and service use including retail, restaurant, office, financial/professional services, indoor sports, medical and nursery usage. Comprising 413ft² of space with a good frontage with rear access onto the New Street car park.
Location
The property is situated in Swan Street which is one of the principal retailing areas of this historic county market town. The shops sits on the northern side of Swan Street which connects the High Street at the south with the Market Street and Market Place at the northern end.
It is a short distance from the High Street (A429) which runs through the centre of Warwick linking to Junction 15 of the M40 motorway, 2 miles distance to the south and Leamington Spa a similar distance to the north. The property is also a short distance from the internationally renowned tourist destination of Warwick Castle.
Accommodation
Retail sales area 37.5m² (404ft²)
Store 0.87m² (9ft²)
Staff WC
Total 38.37m² (413ft² NIA )
Terms
Rent - £9,500 per annum
Lease Terms - The premises are available by way of a new effective full repairing and insuring lease for a minimum term of 3 years. The Tenant will be required to contribute to buildings insurance costs and a 3 month rent deposit.
Service Charge - The tenant will be responsible for payment of a service charge in relation to maintenance of the exterior of the building, fire systems and utilities within the common parts. The 2021 annual service charge budget for Unit 7 is £898 which would be apportioned for part year occupation.
Business Rates - Rateable Value £7,800
Legal Costs and VAT - Each party to be responsible for their own legal costs incurred in the grant of a new lease. VAT is not currently charged on the rent.
Specification
- Prominent frontage
- Town centre location
- Rear delivery access
- 38.37m² (413ft²) NIA