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Commercial Property for sale

Astwood Road, Worcester, WR3 8ET

£265,000

Property Description

Key features

  • Ground floor retail premises
  • 2 x one bedroom flats
  • Currently producing 20,176 pax
  • Situated on a main arterial road leading in to Worcester City Centre

Full description

Tenure: Freehold

The property is situated on the corner of Tunnel Hill and Astwood Road, being a main arterial road leading in to Worcester City Centre from the north.
There are a number of other retailers in this neighbourhood shopping location, to include a convenience store, butchers, chemist, hairdressers, fish and chip takeaway and an Indian restaurant.
The property comprises a linked detached property of traditional brick construction, comprising a ground floor retail premises with two self contained one bedroom flats above. To the front and side of the property there is off road car parking for approximately 3-4 vehicles.
30 Astwood Road - let for a term of 3 years from 1 May 2016 at a current passing rental of £10,000 per annum exclusive, increasing to £11,000 from 1st May 2017.
Flat 1 - let on a 6 month Assured Shorthold Tenancy at £5,088 per annum exclusive.
Flat 2 - let on a 6 month Assured Shorthold Tenancy at £5,088 per annum exclusive.

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