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The Tything, Worcester, Worcestershire, WR1

Guide Price
£360,000

£201.45 per sq. ft.

Business rates & charges may apply

Centrick Commercial, Birmingham
SIZE AVAILABLE
1,787 sq. ft.
(166 sq. m.)
SECTOR
Commercial property for sale

Key features

  • INVESTMENT GENERATING UP TO £27,500 PA
  • SITUATED IN PROMINENT POSITION
  • CLOSE TO DOMINOS PIZZA, BRITISH RED CROSS, ETC
  • FOREGATE STREET TRAIN STATION NEARBY

Property description

Tenure: Freehold

For Sale - fully let Grade II mixed use investment property generating up to £27,500pa.

The premises comprise a secure investment opportunity with prominent main road frontage, close to Foregate Street Train Station and Worcester City Centre. Retail unit measuring 1,790 sq ft, plus two upper floor apartments. Generating up to £27,500 pa

LOCATION
This well let investment property is situated on a prominent position in The Tything immediately adjacent to The Marwood Public House and Bombay Palace Restaurant. Other occupiers in the vicinity include Harvey Jones Kitchen Furniture, Domino’s Pizza, British Red Cross Charity Shop and MFG Solicitors. The property lies a short walk from Foregate Street Train Station and Worcester City Centre.

DESCRIPTION
The property comprises a retail shop at ground floor level with two
self-contained residential apartments above.

ACCOMMODATION
Approximate internal dimensions and areas are detailed below:

Retail Unit:-
Sales Area 251 sq. ft. 23.36 Sq. m
Display Area 183 sq. ft. 17.03 Sq. m
Rear Office 141 sq. ft. 13.11 Sq. m
Ancillary Space 1,215 sq. ft. 112.98 Sq. m
Apartment – 39 The Tything 2 Bedrooms, Kitchen/Diner, Living Room, Bathroom
Apartment – 14 Britannia Road 2 Bedrooms, Kitchen, Living Room/Diner, Bathroom

The premises benefit from rear access and one parking space at the rear of Britannia Road

PROPOSITION
Offers are invited based on £360,000 for the freehold interest.

TENANCIES
Retail Shop - Let on 5 year lease from 30th August 2018 at £13,000pa with a fixed increase to £14,000pa from
1st September 2020.
Flat - 39 The Tything – Let on AST at £575 pcm
Flat - 14 Britannia Road – Let on AST at £550 pcm

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE CERTIFICATE
The EPC is available upon request.

REFERENCES
The successful applicant will be required to provide proof of funding before the property is placed Under Offer.

VAT
We are advised that VAT will not be payable.

MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and the source of funding will be required from the successful applicant.

Brochures

The Tything, Worcester, Worcestershire, WR1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worcester Foregate Street Station0.2 miles
  • Worcester Shrub Hill Station0.7 miles
  • Worcestershire Parkway Station4.0 miles

About Centrick Commercial, Birmingham

2nd Floor, The Exchange, 17-19 Newhall Street, Birmingham, West Midlands, B3 3PJ

Centrick Property's dedicated and professional team deal with sales and lettings of high quality Commercial property in Central Birmingham and surrounding areas. Centrick specialises in offering innovative, proactive and flexible sales or lettings solutions that meet and adapt market demand - in short, we have the right solution for your business.

More properties from Centrick Commercial, Birmingham

Notes

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Disclaimer - Property reference AGC190309. 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 Centrick Commercial, Birmingham. 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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