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45 Foregate Street, Worcester, WR1 1EE

PROPERTY TYPE

Apartment

BEDROOMS

7

BATHROOMS

4

SIZE

4,400 sq ft

409 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Investment Opportunity
  • £46,640 (9.32%) Annual Return
  • Freehold Property
  • Mixed Use Premises
  • Three Apartments & Commercial Unit
  • Accommodation Over Four Floors
  • Tastefully Converted Residential Flats
  • Generous Office Space
  • Off Road Parking
  • Central City Location

Description

*** INVESTMENT OPPORTUNITY ***
*** FREEHOLD TENURE ***
This substantial mixed use property comprises: a ground floor shop and offices of approximately 1,290sqft plus a basement of approximately 860sqft; three self-contained apartments, two at 1,290sqft with three bedrooms and one at 530sqft with one double bedroom.. All units are currently tenanted and the premises currently generates an annual income of £46,640 per annum, providing a return of 9.32% at £500,000.

The property is locater in the heart of Worcester City Centre, just a short walk to Foregate Street Railway Station. The building further benefits from off road parking accessed from Farrier Street to the rear. 

GROUND FLOOR & BASEMENT  

SHOP & OFFICES Providing total accommodation of approximately 1,290sqft, comprising: a large air conditioned shop/office with high street access and window; rear hallway and access; ladies and gents toilets; kitchen; and two offices.

The premises have gas-fired central heating and car parking to the rear.
EPC band C
Business rates valuation £13,000 

BASEMENT
The basement amounts to approximately 860sqft. 

FIRST FLOOR  

FLAT 1, 45A FOREGATE STREET A spacious self-contained apartment of approximately 1,290sqft, comprising: a hall; lounge; fitted kitchen & dining room; rear hallway; large bathroom; utility room; store room; and three bedrooms.

The flat has gas-fired central heating and a fire escape to the rear.
EPC band B
Council tax band C 

SECOND FLOOR  

FLAT 2, 45A FOREGATE STREET A spacious self-contained apartment of approximately 1,290sqft, comprising: a hall; lounge; fitted kitchen & dining room; rear hallway; large bathroom; utility room; store room; and three bedrooms.

The flat has gas-fired central heating and a fire escape to the rear.
EPC band C
Council tax band C 

THIRD FLOOR  

FLAT 3, 45A FOREGATE STREET This top floor apartment offers accommodation of approximately 530sqft, comprising: a hall; open-plan living room and kitchen; double bedroom; shower room; and a study/dressing room.

The flat has gas-fired central heating.
EPC band D
Council tax band A 

Brochures

Sales Brochure - ...
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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45 Foregate Street, Worcester, WR1 1EE

Approximate location

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Affordability

Monthly repayments£2,508
Property: £ 500,000
Deposit: £ 50,000
Interest rate: 5.33%
Term: 30 years
Powered byNatwest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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About Martin & Co, Worcester

45 Foregate Street, Worcester, WR1 1EE

Our approach is all about you! At Martin & Co we have over 25 years experience dealing with property. Whether a landlord, tenant, buyer, seller or and/or an investor, our customers can tailor our Letting and Estate Agency packages to suit their needs.

We have just under 200 offices throughout the UK ready to help you let a property, rent a new home, buy or sell. Contact your local Martin & Co office to see how they can help you.

Sellers

Martin & Co has been selling houses since 1986. In summer 2012 we launched our new Subscription Sales Service - we provide a 0% sales commission service and the option of advertising on Rightmove and the Martin & Co website for a monthly subscription fee, alongside the Traditional Estate Agency model.

Buyers

Whether you are an existing landlord with Martin or Co and looking to increase your buy-to-let portfolio, new to the world of property, a first time buyer, or even an existing tenant, Martin & Co can guide you through purchasing your ideal property recognising the different requirements whether this is to be your home or an investment.

Landlords & Investors

Landlords when letting your property with Martin & Co you will benefit from the strength and awareness a national brand brings, in addition to having the opportunity and peace of mind to discuss your personal requirements with knowledgeable local business owners.

Tenants

At Martin & Co not only do we have a great choice of properties and expert knowledge of the local market, but we also go the extra mile to ensure that the entire process is as hassle free as possible. Property to rent does move quickly so it is best to register with your local Martin & Co office a month or so before you need to move into your new rented home.

Notes

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Disclaimer - Property reference 100670002803. 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 Martin & Co, Worcester. 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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