Front Cover
Fully-Let Residential and Commercial Investment Property For Sale
3 x 2-bedroom apartments, 1 x 1-bedroom apartment, 1 x studio apartment and 1 x commercial unit
Town centre location in Tenbury Wells, Worcestershire
Gross Income of £43,060 per annum
Guide Price: £400,000
Location
The property is located on Market Street, in the centre of Tenbury Wells, Worcestershire. Tenbury Wells is a small market town and civil parish in the north-western extremity of the Malvern Hills District of Worcestershire, located approximately 10 miles south-east of Ludlow and approximately 20 miles west of Kidderminster . The property is situated opposite Market Street's junction with Teme Street in the centre of the town and is within close walking distance of Tenbury Wells main shopping streets and amenities. The property is located within a conservation area.
Description
The property comprises a mid terrace building set out over basement, ground, first and second floors. The five residential apartments are set out over first and second floors with a commercial unit, currently occupied by Unwined Bar & Bistro, fully refurbished by the tenant in 2020, laid out over ground floor. Lease expiry 10 December 2030. The property also has a cellar/basement. However, access to the basement has been sealed off by the occupying commercial tenant
Services
We understand mains electricity, water and drainage are connected to the property. A gas supply is understood to be capped off in the basement of the property. 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
POST CODE: WR15 8BQ / WHAT3WORDS: ///boats.poem.eyeliner
Energy Performance Certificate
The EPC rating please see accommodation table for details
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 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. It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it, to comply with the regulations (CAR 2012). The detection of asbestos and asbestos-related compounds is beyond the scope of John Goodwin and accordingly we recommend you obtain specialist advice.
Agents Notes
Planning - Interested parties are recommended to confirm with the Local Planning Authority that their proposed use will be acceptable.
Flooding - Tenbury Wells has experienced annual flooding since 2023.
Tenure
Tenure - Freehold, subject to ongoing occupational tenancies and subject to legal verification. For occupational lease details please enquire with the selling agents. Guide Price £400,000.
