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COMMERCIALSOLD STC

Malvern, Worcestershire, WR14

Guide Price
£800,000
Price Estate Agents, Malvern
PROPERTY TYPE

Commercial Property

BEDROOMS

1

BATHROOMS

1

SIZE

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Floor/Site plan 1Floor/Site plan 2
6

Key features

  • Grade II Listed Freehold Mixed Use Investment
  • Comprising a shop, dance studio and office
  • Four Self Contained One Bedroomed Apartments
  • All Flats With Tenants to 2025
  • Great Malvern Location
  • Investment Let at £73, 550 p.a

Description


An attractive Grade II listed freehold mixed use investment located in the heart of Great Malvern an elegant well thought of spa town in Worcestershire.

The property is arranged on Basement, Ground and two upper level floors to provide a shop, over ground and basement floors with a self contained office above. To the rear is a Grade II listed hall, currently being used as a Dance Studio.

The remainder of the building provides residential accommodation arranged as 4 self contained flats all let out on AST's.

Nearby occupiers include Iceland, Costa Coffee, YMCA and Fat Face.

Accommodation and tenancy schedule

Basement and Ground Floor 18-22 Church Street Oxfam Basement 149.1 sq m1,605 sq ft10 years from December 2019
Fixed rental uplift in the 5th year (2% pa compounded)
Effectively FR&I by way of a service charge £27,500 p.a. Fixed uplift in December. Rent rising to £27,500 pa Ground177.4 sq m1,910 sq ft Part First Floor

18-22 Church Street (Rear)
St Cecilia's Hall P Lewis
(t/a A Dance School) Ground Floor 154.2 sq m1,670 sq ft10 years from 25.12.2023
Rolling annual tenant break option
5 year Rent Review
Effectively FR&I by way of service charge £11,550 p.a. Rent Review 2028 Part First Floor

18-22 Church Street Allan Brown (Accountancy and Taxation Services) Limited First Floor 66.3 sq m714 sq ft10 Years from 25.12.2023
Tenant break option at 5th anniversary
Effectively FR&I by way of service charge £6,300 p.a.

Flat 1 Individual First Floor Flat 53 sq m571 sq ft AST for a term of 12 Months from 01.08.2024 £6,600 p.a.
Flat 2 Individual First Floor Flat 50 sq m538 sq ft AST for a term of 12 Months from 21.12.2023£7,200 p.a.
Flat 3 Individuals Second Floor Flat 55 sq m592 sq ft AST for a term of 12 Months from 02.2.2024 £7,200 p.a.
Flat 4 Individual Second Floor Flat 42 sq m452 sq ft AST for a term of 12 Months from 24.06.2024 £7,200 p.a.

Total 747 sq m 8,052 sq ft £73,550 p.a.




Malvern, Worcestershire, WR14

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Great Malvern Station0.4 miles
  • Malvern Link Station1.0 miles
  • Colwall Station2.5 miles

About Price Estate Agents, Malvern

253 Worcester Road, Malvern, WR14 1AA
Industry affiliations:Industry affiliation logo 0

At Price Estate Agents, we provide a consultative, "business-class" service with a strategic approach. Our experienced staff have all worked in the area for many years, giving us unrivalled knowledge of the local market. Using our local expertise, combined with a professional but friendly approach to navigate the complexities of selling or renting your property. We provide you with honest advice and deliver exceptional value to both vendors looking to sell, or landlords wanting to protect and maximize their investments. We have implemented the latest technology to ensure that buyers and tenants are regularly updated with properties that meet their specified needs and can update their requirements with the click of a button. We would be delighted to discuss your property related needs and dreams.

Notes

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Disclaimer - Property reference PRC_SLS_LFSYCL_1014_1181379224. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Price Estate Agents, Malvern. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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