Summary - 1, MILL STREET CV12 8JX
1 bed 1 bath Retail Property (high street)
Prominent freehold site with redevelopment upside for experienced investors.
Prominent corner high-street location with strong daily footfall
Large gross internal area: 6,574 sqft across retail and two flats
Freehold sale with mains services including three‑phase electricity
Immediate rental income potential from ground-floor bakery and flats
Site offers redevelopment/change-of-use potential, subject to planning
Property requires renovation; refurbishment costs likely significant
Local area deprived with very high crime — security and lettings impact
A substantial freehold high-street property occupying a prominent corner position on Mill Street, Bedworth. Extending to 6,574 sqft (GEA) across ground-floor retail and two first-floor flats, this building offers immediate rental potential alongside clear redevelopment upside, subject to planning.
The location benefits from exceptional day-to-day footfall: direct access to bus stops, Tesco Extra and other supermarkets within metres, and a busy town-centre pitch that supports retail demand. Mains services include three-phase electricity, making the site suitable for a variety of commercial uses or a conversion scheme.
Buyers should note material constraints: the property requires renovation and any change of use or redevelopment will need planning permission from Nuneaton and Bedworth Borough Council. The local area is classified as deprived with very high crime levels, which may affect tenant demand and valuation. These factors, however, are reflected in the guide price and present opportunity for an investor or developer prepared to manage refurbishment, security improvements and planning risk.
This is a pragmatic opportunity for a buyer seeking a large, well-located town-centre asset with short-term income possibilities and longer-term value through refurbishment or reconfiguration. Parties are advised to undertake their own due diligence on planning, security measures, and local market dynamics.
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