A rare opportunity to purchase the retail premises of one of Warwick’s most longstanding and respected businesses has come on to the market with commercial property agency Bromwich Hardy.
The former home of Owens TV & Domestic Appliances at 83-95 Emscote Road in Warwick includes a detached and self-contained retail space with upper floor offices, which totals 5,868 sq ft of space.
The freehold property, which is being sold due to the retirement of the electrical retailer’s owner, has a guide price of £1 million.
Tom Bromwich, managing partner at Bromwich Hardy, explained that the opportunity included the freehold of Herald Court to the rear, where 25 ground rents are being paid, and that four freehold garages were separately available.
Mr Bromwich said: “This is a rare opportunity to acquire what are superbly located and highly prominent premises that could be suitable for a variety of uses, subject to planning permission.
“This property is being sold following the retirement of Dennis Owen this year at the grand old age of 91.
“Mr Owen started his retail business back in the mid-1960s and bought his first retail unit at this property, gradually acquiring the whole block and enjoying nearly 60 years of trading there.
“Owens TV & Domestic Appliances went on to become one of the most longstanding and respected firms in Warwick.
“The property has a great main road frontage with excellent visibility in what is an extremely busy location between Warwick and Royal Leamington Spa.”
The space at 83-95 Emscote Road includes a 4,253 sq ft retail area on the ground floor, with 436 sq ft on both the first and second floors, and another 495 sq ft in the four garages.
Potential buyers can find out more details here, and can contact Tom Bromwich at tom.bromwich@bromwichhardy.com or his colleague Harvey Wells at harvey.wells@bromwichhardy.com.
