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Retail Property (high street) for sale

6 Old Street,Upton-Upon-Severn,WR8 0HA

£299,500
3,585 sq. ft.

Property Description

Commercial information

  • 3,585 sq ft (333 sq m)
  • Use class orders: A1 Shops

Key features

  • FREEHOLD INVESTMENT
  • PROMINENT POSITION
  • GROUND FLOOR LET FOR 10 YEARS
  • RENTAL INCOME 25,900 PA
  • POPULAR WORCESTERSHIRE TOWN
  • BUILDING 310,000 NO VAT
  • CELLAR
  • 3 STOREY GEORGIAN BUILDING
  • REAR YARD

Full description

Tenure: Freehold

LOCATION

The premises are situated in the centre of Upton-upon-Severn with frontage along Old Street, one of the main retail parades within the Town. Upton is a popular town situated on the west bank of the River Severn, located 5 miles south-east of Malvern and 10 miles south of Worcester.

DESCRIPTION

The Property comprises a substantial three-storey Georgian mixed use premises, arranged as follows:-

(i) Ground Floor: Large Entrance Foyer opening off Old Street leads to:-

(a) Waiting Room - 60 sq ft
(b) Retail Area with display windows to Old Street - 366 sq ft
(c) Rear Consulting Room - 155 sq ft
(d) Storeroom - 65 sq ft
(e) Osteopath's Room - 154 sq ft
(f) WC

The total Net Internal Floor Area of the Ground Floor is 799 sq ft.

Stairs ascend from the Foyer to:-

(ii) First Floor: Residential accommodation, occupied by way of long Ground Lease.

Stairs continue to:-

(iii) Second Floor: Three-bedroom self-contained Flat.

Beneath the Retail Area is a useful Cellar of some 385 sq ft.

Externally there is an enclosed Yard to the rear.

TENURE

Freehold, subject to the following Leases:-

(a) Ground Floor: New 10-year Lease to Upton Eyecare Limited at a rent of 19,200 per annum.

(b) First Floor: Let until 2087 at a rent of 100 per annum.

(c) Second Floor: Let on an Assured Shorthold Tenancy at a rent of 550 pcm.

The total rental income is 25,900 per annum.

PURCHASE PRICE

299,500

BUSINESS RATES

Ground Floor: Combined 4,925


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