51, 51A & 51B Station Street, Atherstone

Description

The property comprises a mixed-use building arranged to provide an education centre at ground floor level together with a separate residential maisonette above. 51/51A comprises ground floor education centre accommodation extending to approximately 75.1 sq m (808 sq ft). 51B comprises a separate top-floor maisonette extending to approximately 77 sq m (829 sq ft).

Accommodation

51/51A Station Street - Ground Floor - 75.10 sq m (808 sq ft); 51B Station Street - Maisonette - 77.00 sq m (829 sq ft); Total - 152.10 sq m (1,637 sq ft)

Location

The property occupies a position on Station Street in Atherstone, an established market town in North Warwickshire. Station Street forms part of the town centre commercial area and provides a mix of retail, commercial and residential uses, with Atherstone's principal High Street amenities nearby. Atherstone benefits from access to the A5 and has a railway station providing rail connections towards Birmingham and other regional destinations.

Tenure / Property Information

Investment Analysis

The £145,000 guide equates to approximately £88.58 per sq ft across the stated 1,637 sq ft. Sold evidence on Station Street ranges from £82,500 to £330,000, but the comparables have differing property types, sizes and/or uses and are not sufficiently specific to establish a reliable value for this mixed-use education centre and maisonette. The guide therefore cannot be independently validated from the supplied evidence. Buyer fees, seller charges and possible VAT are also unspecified.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led mixed-use acquisition after reviewing the commercial lease, tenancy schedule, residential occupancy, legal pack, condition and all buyer/seller charges. Do not bid on the supplied evidence alone.

Works Required

No refurbishment works or defects are evidenced. Obtain a building survey and review the legal pack, tenancy schedule and EPC information before budgeting any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be quantified because GDV, rent, refurbishment cost, buyer costs and refinance assumptions are unsupported. The existing commercial letting may provide income, but the lease terms and residential occupancy position must be verified before considering refinance.

Buy-to-Let Analysis

A BTL appraisal cannot be completed because no rent evidence or passing rent is supplied. The residential maisonette's occupancy is also unstated. The commercial accommodation is reportedly let until November 2030, but the rent, tenant covenant, repairing obligations and other tenancy terms require review in the legal pack.

Flip Analysis

A flip appraisal cannot be established. No condition, works budget, reliable subject-specific GDV or supported selling-cost allowance is provided. The available Station Street sales are too heterogeneous to support a resale estimate.

Investor Risks & Due Diligence

• Commercial rent, tenant covenant, lease obligations and other tenancy terms are not supplied.

• The residential maisonette's occupancy and income position are unstated.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• Buyer premium amount is unspecified.

• Seller or third-party charges and VAT treatment may apply but are not confirmed.

• No condition survey or refurbishment budget is provided.

• The supplied sold comparables are not sufficiently specific to establish GDV.

• Legal pack and Tenancy Schedule review remains necessary before bidding.

Recommendation

Consider only as an income-led mixed-use acquisition after reviewing the commercial lease, tenancy schedule, residential occupancy, legal pack, condition and all buyer/seller charges. Do not bid on the supplied evidence alone.

Strategy Rating

Analysis Confidence

The property description, accommodation, tenure, guide and some local completed sales are supplied, but rent, lease economics, residential occupancy, condition, EPC, fees and comparable detail are missing.