Church Street, Malvern, Worcestershire, WR14 2AA

Front Cover

Mixed use investment property for sale, with business unaffected
Comprising five flats and commercial premises
Centrally located in Great Malvern
Guide Price - £850,000

Location

The property is located in the sought after prime area of Great Malvern, one of the main urban areas of Malvern, with close neighbours including a number of independent businesses and residential properties. Great Malvern has a number of national multiples such as Crew Clothing, Sea Salt, Mountain Warehouse, Fat Face, Cafe Nero with Church Walk leading through to Waitrose.

The Famous Malvern Theatre and Cinema Complex is located in Grange Road, just off Church Street. The Malvern urban area has a population of approximately 40,000 with a thriving business community and two mainline railway stations running services on the Hereford to Paddington and Hereford to Birmingham railway lines.

The Malvern Hills, a designated Area of Outstanding Natural Beauty, is an in important tourist destination and benefits from the Three Counties Showground. There is good access to the road and motorway network with the M5 and M50 easily accessible.

Description

The Property comprises commercial premises to ground and lower ground floor, with three flats accessible from the front of the building fronting Church Street. There are a further two flats with access from the car park situated adjacent to Edith Walk.

There is car parking located to the rear of the building with allocated spaces available for the occupiers of the building.

The building is situated in the Conservation Area of Great Malvern and the Malvern Hills Area of Outstanding Natural Beauty is located close by.

The commercial premises is currently let on a lease dated 28 March 2023 for a term of 10 years from 1st April 2023 and ending on 31st March 2033 at a rent of £18,000 per annum, with a break clause dated 1st April 2024 and 1st April 2028, and rent review date of 1st April 2028 with reference to RPI. A copy of the lease is available upon request.

The five flats are let on standard Assured Shorthold Tenancies, full copies are available upon request and schedule of rents are provided below.

Services

We have been advised that mains services are connected to the property. Please note that gas is not available to all parts of the building. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to imply that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

Directions

From the Agent's Malvern Office, turn right and head toward Church Street and the property is located on the left hand side shortly after the turning indicated by our for sale board.
POST CODE - WR14 2AA
WHAT3WORDS - ///TRUNK.FINES.CRISP

Council Tax

Flat 1 - Band A

Flat 2 - Band A

Flat 3 - Band A

Flat 4 - Band A

Flat 5 - Band A

Energy Performance Certificate

Flat 1 - C (70)

Flat 2 - D (62)

Flat 3 - D (66)

Flat 4 - D (65)

Flat 5 - D (66)

Commercial Premises - B (33)


Viewing

By appointment to be made through the Commercial Department at the Agent's Ledbury Office, Tel Option 3

General

Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchases/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 and 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 enter into any contract.

Agents Notes

Planning - Interested Parties are advised to enquire to the local planning authority.


Tenure

Tenure - The Property is available for sale. We are advised (subject to legal verification) that the property is freehold, and subject to the ongoing lease and tenancy agreements.

Guide Price - £850,000