Commercial Property for saleCowleigh Road, Malvern
- Commercial Property house
INTERESTING INVESTMENT PROPERTY WITH POSSIBLE DEVELOPMENT POTENTIAL
SPACIOUS ACCOMMODATION LAID OUT TO GROUND FLOOR AND LOWER GROUND FLOOR
TOTAL AREA APPROXIMATELY 2,812 sq ft (261.33 sq m)
PREMISES CURRENTLY LET TO TWO TENANTS PRODUCING 7,462.60 PER ANNUM
FREEHOLD AVAILABLE FOR SALE, SUBJECT TO ONGOING TENANCIES
CONTACT LEDBURY OFFICE
Location & Description:
The property is situated in Cowleigh Road only a short distance from the centre of Great Malvern with local amenities available in North Malvern. The North Malvern Chapel is a spacious and distinctive building of attractive design built in approximately 1853. The chapel occupied the ground floor and the lower ground floor was used as a school room. The former chapel is now in commercial use occupied by two tenants. The ground floor offers storage/workshop/meeting space and extends in all to approximately 1,763 sq ft plus mezzanine. The lower ground floor provides office accommodation extending to approximately 1,049 sq ft.
The property offers an interesting investment opportunity with redevelopment potential for a number of possible uses (subject to planning permission).
The property is situated in Cowleigh Road, North Malvern and is conveniently situated for the centre of Great Malvern. The city of Worcester is approximately 7 miles with junction 7 of the M5 motorway network accessible. Malvern Link is in close proximity and provides a full range of facilities and amenities. Main line railway stations are available at both Great Malvern and Malvern Link.
The accommodation comprises:
Ground Floor Warehouse:
15.33m (50ft 4in) x 10.69m (35ft 1in)
Offering a ceiling height of approximately 28 ft. Kitchenette area and WC to rear of premises.
Lower Ground Floor:
Accommodation provides main office store room and kitchenette, WC facilities and two further offices and extends to 97.46 sq m (1049 sq ft).
There is forecourt parking/loading at ground floor level. The lower ground floor is accessed via a pedestrian right of way over the neighbouring driveway. There are small further areas of land to the side and rear of the property.
We are informed that mains electric, water and drainage are connected to the property. We understand that the lower ground floor accommodation benefits from gas central heating. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant authorities. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending tenants are advised to satisfy themselves where necessary.
Interested parties are advised to check with the planning department at Malvern Hills District Council. The property offers scope for a number of alternative uses and possible residential redevelopment, subject to the grant of all required planning permission.
The property is available on a freehold basis subject to the ongoing tenancies as described.
DETAILS OF TENANCIES
Ground floor accommodation is let on a lease for a period of one year, with a commencement date of 8 December 2015, at a rent of 4,000 per annum exclusive.
The lower ground floor is let to tenants who are holding over under the terms of an earlier lease and paying a rent of 3,462.60 per annum exclusive.
Ground Floor Rateable Value - 4,300
Lower Ground Floor Rateable Value - 1,900
Rates Payable - We advise interested parties to contact the local authority to verify rates payable as small business rates relief may be applicable.
Please note that the above information has been taken from the Valuation Office Agency website and interested parties are therefore advised to check these figures with the relevant local authority.
Viewing arrangements will be at the convenience of the tenants and strictly by prior appointment only to be made through the Commercial Department at the Agent's Ledbury office Tel: 01531 634648 Option 3.
From the Agent's Malvern Office in Worcester Road, turn left onto Worcester Road towards Malvern Link and take the left turn, B4232 West Malvern Road, then after a short distance take the first right turn, onto the B4219 Cowleigh Road. After several hundred yards the property is located on the right hand side.
John Goodwin FRICS has made every effort to ensure that measurements, details and particulars are accurate, however prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided.
No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or entering into any contract.
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