1 Worcester Road, Malvern,WR14 4QY
£144.51 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,595 sq ft
241 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Freehold premises in Malvern town centre
- The premises comprise an imposing three storey building. At ground floor there is a self-contained retail unit of 100 sq m /1075 sq ft presently occupied by Malvern Hills Gallery
- There is potential to convert the upper floors to residential use, subject to the necessary consents and planning permission.
- Major occupiers represented in Malvern include Waitrose, Caffe Nero, Fatface, Crew Clothing, Seasalt etc
Description
The premises are located within the heart of Great Malvern on the junction with St Ann's Road.
The property is adjacent to Allan Morris Estate Agents, opposite Nationwide Building Society and close to the Unicorn Public House ,HSBC, WHSmith and Ask Italian Restaurant.
Major occupiers represented in Malvern include Waitrose, Caffe Nero, Fatface, Crew Clothing, Seasalt etc
ACCOMMODATION
The premises comprise an imposing three storey building.
At ground floor there is a self-contained retail unit of
100 sq m /1075 sq ft presently occupied by Malvern Hills Gallery
On the first and second floor levels there are 8 separate rooms having a net floor area of 141 sq m / 1520 sq ft currently being used as serviced offices, together with kitchenette and separate male & female toilets. The upper parts have their own entrance from Worcester Road.
There is potential to convert the upper floors to residential use, subject to the necessary consents and planning permission.
TENURE
The tenants of the ground floor shop will be vacating on the 30th of June 2025.
Four of the eight offices on the upper floors are currently occupied on licence and produce a total gross monthly income of £1940.
The Licences can be terminated upon 3 months' notice.
PRICE
Offers based on £375,000 for the Freehold interest.
RATING ASSESSMENT
We are advised that the rating assessment is as follows:
Ground Floor Rateable Value: £13,500.
First & Second Floors Rateable Value: £9,900
Please contact the Local Authority for further information.
ENERGY PERFORMANCE CERTIFICATE
The Ground Floor premises have a rating of 66 (Band C).
The First and Second Floor premises have a rating of 119 (Band E)
A copy of the certificates are available upon request.
LEGAL COSTS
Each party are to be responsible for their own legal costs incurred in this transaction.
VAT
We understand that VAT is not payable on the purchase price, however, interested parties are advised to make their own enquiries.
VIEWINGS
Strictly by prior appointment with AMT Commercial on
Brochures
1 Worcester Road, Malvern,WR14 4QY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Great Malvern Station0.5 miles
- Malvern Link Station1.0 miles
- Colwall Station2.5 miles
Notes
Disclaimer - Property reference KENMALVERN. 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 AMT Commercial, Worcestershire. 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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