Offers over
£145,000
Retail premises for saleTeme Street, Tenbury Wells WR15
EPC Rating: E
Freehold
About this property
Valuable Freehold Investment
2 Bedroom Apartment on Upper Floors
Prime Retail Position
Producing £12,600 per annum
Established Retail Tenant
Business Unaffected
Detailed Description
A valuable mixed use freehold investment property producing c.£12,600 per annum
Location: The property is situated on the eastern side of Teme Street which is in the main retail thoroughfare of the market town of Tenbury Wells. The town enjoys a wide range of independent retailers and serves a wide hinterland and is popular with visitors
Description: The property dates from the 18th century and comprises of a three storey building with ground floor extension. The property has a shared allley way which leads to a well-sized garden
ground floor: The shop floor is fitted with anti-slip tiles throughout
Front Shop (Shop/Retail Space): 3.38m x 4.6m ( 11' 1" x 15' 1" ) plus 3.28m x 2.044 (10' 9" x 6' 8"). Fully tiled floor and part tiled walls.
Rear (kitchen preparation area): 3.28m x 2.04m ( 10' 9" x 6' 8") with built-in work surfaces, stainless sink with tap. Toilet with low level WC, suite and wash hand basin and store. Fullly tiled walls. Back door leading to and enclosed courtyard
Toilet: With low level WC suite and wash basin
Rear Kitchen/Store: 3.04m x 1.69m (9'12" x 5'7"), Glazed with opaque glass for privacy with door to rear courtyard
Separate Access to Upper Floor Flats
first floor
Kitchen: Fully fitted kitchen with a range of base and wall units, stainless steel sink, built-in oven, plumbing for washing machine, wall mounted gas boiler serving central heating
Landing: With fitted carpets
Bathroom: With panel bath with electric shower over, low level WC, wash basin
Sitting Room: With two windows to front, fire surround
second floor
Bedroom 1 (to front): With fitted carpet, built-in wardrobes either side of chimney breast, two windows to front
Bedroom 2 (to rear): With fitted carpet and window to rear
external: The property is accessed directly from the back of footway on Teme Street. A passageway shared with the adjoining property affords rear/side access to the building beyond which lies a yard for the commercial residential part and an extensive garden area mainly to lawn
Services: Mains electricity
Mains water and drainage
Telephone subject to BT regulations
Both flat and shop are independently serviced
Outgoings: Malvern Hills District Council. Tel Rateable Value £4,050 per annum. Currently benefits from Small Business Relief
Flat Council Tax Band A
EPC: Residential EPC C
Commercial EPC available from agent
Tenure: The property is freehold. The shop is let on a 5 year lease with effect from 1.2.2025 with a break on 3rd anniversary producing £6,000 per annum. The upper floors are let on an AST producing £6,600 per annum last reviewed August 2023
Viewings: Viewings are srictly by prior appointment with the agents
Directions: Proceed over Teme Bridge, pass the library and No.6 is on the left hand side before the 90 degree turn into Market Street
What 3 Words: Dominate.crescendo.label
A valuable mixed use freehold investment property producing c.£12,600 per annum
Location: The property is situated on the eastern side of Teme Street which is in the main retail thoroughfare of the market town of Tenbury Wells. The town enjoys a wide range of independent retailers and serves a wide hinterland and is popular with visitors
Description: The property dates from the 18th century and comprises of a three storey building with ground floor extension. The property has a shared allley way which leads to a well-sized garden
ground floor: The shop floor is fitted with anti-slip tiles throughout
Front Shop (Shop/Retail Space): 3.38m x 4.6m ( 11' 1" x 15' 1" ) plus 3.28m x 2.044 (10' 9" x 6' 8"). Fully tiled floor and part tiled walls.
Rear (kitchen preparation area): 3.28m x 2.04m ( 10' 9" x 6' 8") with built-in work surfaces, stainless sink with tap. Toilet with low level WC, suite and wash hand basin and store. Fullly tiled walls. Back door leading to and enclosed courtyard
Toilet: With low level WC suite and wash basin
Rear Kitchen/Store: 3.04m x 1.69m (9'12" x 5'7"), Glazed with opaque glass for privacy with door to rear courtyard
Separate Access to Upper Floor Flats
first floor
Kitchen: Fully fitted kitchen with a range of base and wall units, stainless steel sink, built-in oven, plumbing for washing machine, wall mounted gas boiler serving central heating
Landing: With fitted carpets
Bathroom: With panel bath with electric shower over, low level WC, wash basin
Sitting Room: With two windows to front, fire surround
second floor
Bedroom 1 (to front): With fitted carpet, built-in wardrobes either side of chimney breast, two windows to front
Bedroom 2 (to rear): With fitted carpet and window to rear
external: The property is accessed directly from the back of footway on Teme Street. A passageway shared with the adjoining property affords rear/side access to the building beyond which lies a yard for the commercial residential part and an extensive garden area mainly to lawn
Services: Mains electricity
Mains water and drainage
Telephone subject to BT regulations
Both flat and shop are independently serviced
Outgoings: Malvern Hills District Council. Tel Rateable Value £4,050 per annum. Currently benefits from Small Business Relief
Flat Council Tax Band A
EPC: Residential EPC C
Commercial EPC available from agent
Tenure: The property is freehold. The shop is let on a 5 year lease with effect from 1.2.2025 with a break on 3rd anniversary producing £6,000 per annum. The upper floors are let on an AST producing £6,600 per annum last reviewed August 2023
Viewings: Viewings are srictly by prior appointment with the agents
Directions: Proceed over Teme Bridge, pass the library and No.6 is on the left hand side before the 90 degree turn into Market Street
What 3 Words: Dominate.crescendo.label
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