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COMMERCIAL

Load Street, Bewdley

Guide Price
£250,000
Grove Properties Group, Land & New Homes
PROPERTY TYPE

Commercial Property

BEDROOMS

1

BATHROOMS

1

SIZE

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Key features

  • FREEHOLD MIXED USE INVESTMENT OPPORTUNITY
  • REFITTED RESIDENTIAL APARTMENT
  • GRADE II LISTED
  • TOWN CENTRE LOCATION
  • RESIDENTIAL RENT £800PCM
  • COMMERCIAL RENT £9500 PA
  • GROSS YIELD 7.6%

Description

A rare opportunity to acquire a freehold mixed-use property in a prime town centre position in the heart of Bewdley. This attractive Grade II listed building comprises a prominent retail unit fronting Load Street, currently let to Bewdley Blooms, together with a recently refurbished self-contained maisonette above, let to a tenant in situ. Currently A1/A2 Classification, enquiries for change of classification will be with Wyre Forest Council.

Beautifully situated within the Bewdley Conservation Area, the property benefits from its enviable location in this ever-popular riverside town, well known for its charm, character and thriving community. Bewdley offers an excellent range of amenities including independent shops, cafés, restaurants, traditional pubs, and the renowned Bewdley Museum, all just a short stroll away.

Ground Floor Commercial – A1/A2 Classification - The premises comprise a retail shop unit in a prime position on Load Street, offering an approximate net internal area of 336.31 sq ft (31 sq m). The shop includes steps down to a cellar storage area featuring a well and sump pump.

A first-floor stock room, kitchen, and WC are also provided, with access via a shared passageway leading to the rear of the property and an external staircase. The shop is let to Mrs C. Banks, trading as Bewdley Blooms, on a six-year lease from 1st December 2022, on internal repairing and insuring terms, producing a current rental income of £9,500 per annum.

Maisonette - Accessed via gate to the side of the business premises through courtyard with stairs up to the residents entry hall.

Residents Entry - A communal entry hall with door leading through to private entry.

Entrance Hall - With stairs leading to the second floor landing and door through into the bedroom.

Bedroom - 3.9 max x 4.7 max (12'9" max x 15'5" max) - With two double glazing windows to front, central heating radiator and large storage cupboard.

Landing - With Velux skylight and doors leading to:

Living Room - 3.8 x 4.5 (12'5" x 14'9") - With two windows to front and storage heater.

Kitchen - 2.5 x 2.9 (8'2" x 9'6") - With double glazing window to rear, storage heater and fitted wall and base units with worksurface over. There is a stainless steel sink with drainage, cooker with hob over and space and plumbing for white goods. There is also a large storage cupboard with hot water tank.

Shower Room - With storage heater, w.c., large vanity sink with storage and large corner shower cubicle.

Agent Notes - Business Rates – The current rateable value for the shop is £6,200. Interested parties are advised to contact Wyre Forest District Council to confirm the payable amount and eligibility for any relief.

Energy Performance Certificates – Shop: EPC Rating D, Maisonette: EPC Rating E

VAT – VAT will not be charged on the purchase price.

Services – Mains water, electricity, and drainage are connected.

Freehold - References to the tenure of a property are based on information supplied by the seller. We are advised that the property is freehold. A buyer is advised to obtain verification from their solicitor.

Council Tax - New Homes - Maisonette Council tax band is B.

Money Laundering Regulations 2017 - In order to comply with Money Laundering Regulations, from June 2017, all prospective purchasers are required to provide the following - 1. Satisfactory photographic identification. 2. Proof of address/residency. 3. Verification of the source of purchase funds. All prospective purchasers will be required to undergo Anti-Money Laundering (AML) checks in accordance with current legislation. This may involve providing identification and financial information. It is our company policy to do digital enhanced checks through a third party and a fee will be payable for these checks." We will not be able to progress you offer until these checks have been carried out.

Referrals - We can confirm that if we are sourcing a quotation or quotations on your behalf relevant to the costs that you are likely to incur for the professional handling of the conveyancing process. You should be aware that we could receive a maximum referral fee of approximately £175 should you decide to proceed with the engagement of the solicitor in question. We are informed that solicitors are happy to pay this referral fee to ourselves as your agent as it significantly reduces the marketing costs that they have to allocate to sourcing new business. The referral fee is NOT added to the conveyancing charges that would ordinarily be quoted.

We can also confirm that if we have provided your details to Infinity Financial Advice who we are confident are well placed to provide you with the very best possible advice relevant to your borrowing requirements. You should be aware that we receive a referral fee from Infinity for recommending their services. The charges that you will incur with them and all the products that they introduce to you will in no way be affected by this referral fee. On average the referral fees that we have received recently are £218 per case.

The same also applies if we have introduced you to the services of our panel of surveyors who we are confident will provide you with a first class service relevant to your property needs. We will again receive a referral fee equivalent to 10% of the fee that you pay capped at £200.00 This referral fee does not impact the actual fee that you would pay had you approached any of the panel of surveyors directly as it is paid to us as an intermediary on the basis that we save them significant marketing expenditure in so doing. If you have any queries regarding the above, please feel free to contact us.

Brochures

Load Street, Bewdley

Load Street, Bewdley

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kidderminster Station3.2 miles
  • Hartlebury Station4.9 miles

About Grove Properties Group, Land & New Homes

129 Worcester Road, Hagley, Worcestershire, DY9 0NN

Grove Properties Group has been a recognised name in the West Midlands region winning multiple awards over the past 26 years in residential, rental and commercial sales.

We are a dynamic brand and with an ever changing market place we have to adapt to meet client demands. Consequently we are proud to announce the formation of our Land & New Homes department.

Being an independent doesn't stop our reach! In fact it makes it easier for us to maintain a high standard of customer service and results for our clients. Bringing together 26 years of knowledge and technology to advise and maximise potential clients/builders opportunities in this buyout and ever growing market.

Currently we have offices in Stourbridge and Halesowen with expansion plans in progress, being a member of the Land and New Homes Network further strengthens our resources and ability to advise and aid projects further afield.

We look forward to hearing from you.

Notes

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Disclaimer - Property reference 34349016. 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 Grove Properties Group, Land & New Homes. 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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