Guide price

£275,000

Retail premises for sale
Market Street, Tenbury Wells WR15

    Freehold
    Added on 01/02/2025

    About this property

    • A3 Retail Use - Currently Vacant

    • Excellent Triple Display Windows

    • Prime Location

    • Good Pedestrian Footfall

    • Suit a Variety of Uses

    • Income producing Flat on First Floor

    Detailed Description

    Valuable freehold investment property comprising of an Established retail premises in the town centre with living accommodation over

    Location/Situation: Located on Market Street next to the Royal Oak pub (closed) in the heart of the Market town of Tenbury Wells. The situation affords good pedestrian flow during day and evening

    Description: An excellent shop front with three display windows and two doors which would allow the unit to be split into two outlets. Previously operated as a bread shop and cafe for most of this century, it has been occupied by Singapore Gardens, an oriental restaurant. The property historically traded as two shops and the configuration of WC's etc would allow this configuration once more

    Accomodation: Zone A retail 53.1 sq m
    Zone B retail 21.13 sq m

    Arranged over Ground Floor
    Front shop/dining area accessed off Market Street

    Rear Shop/Dining Area

    Production Area: With rear access and extractor stack externally

    Two Store Rooms

    Customer Toilets: Male with WC, urinals and hand basin
    Female with two WC's and hand basin

    Staff Toilet: With WC and hand basin

    First Floor (Residential Accommodation): The flat comprises of kitchen, living room, bathroom and two bedrooms
    nb. There is potential to create a second smaller flat (subject to planning consent and Building Regulations)

    Rear: The property benefits from pedetrian access to the side leading to a small yard with access to the flat

    Energy Performance Certificate (EPC): The agent understands that the property is listed and thus EPC exemption applies

    Outgoings: Ground Floor Rateable Value £7,500
    First Floor Council Tax Band B
    nb> This is below the threshold for sbrr therefore most occupiers would pay no rates at present

    Planning: The property is Grade II listed and lies in the Tenbury Central Conservation Area

    Tenure: Freehold
    Ground Floor is vacant
    First Floor is let on an Assured Shorthold Tenancy producing £5,000 per annum

    Fixtures & Fittings: By negotiation

    Directions: From the Teme Bridge, proceed along Teme Street, turn right into Market Street. The property is third on the right adjacent to the Royal Oak public house

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    Monthly repayment

    £1,375 per month

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