47-49 Smith St 2,592 sq ft 81% Let Retail Property Warwick CV34 4JA £540,000 (£208.33/sq ft) 7.16% Net Initial Yield

A rare opportunity to acquire a fully income-producing freehold mixed-use investment comprising a ground floor commercial premises and two self-contained duplex apartments, prominently positioned within Warwick town centre.
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.