Guide price
£89,000
(£75.11/sq. ft)
Retail premises for saleBridge Street, Stourport-On-Severn DY13
1,185 sq. ft
About this property
Freehold investment opportunity
Sold subject to Fri lease
Business unaffected
Location
This prominently positioned ground floor retail premises fronts onto Bridge Street, one of Stourport's main thoroughfares. The property is in close proximity to the High Street and the popular Stourport Basin. The town itself is well connected to Worcester, Birmingham, Bromsgrove and Kidderminster.
Property
The premises are let on a fully repairing and insuring commercial lease to a mobile phone repair business. The property is sold on an investment basis subject to this tenancy and the business is unaffected by this sale.
The property briefly comprises a prominent glazed frontage and entrance, with a largely open-plan and customer-facing space. The rear of the main shop area leads to a smaller storage area, kitchen and WC. There is also a useful cellar. A floor plan is provided for information.
Accommodation
Approximately 1,185 sq ft (110.20 sq m) - all measurements are approximate.
Lease Details
The current passing rent is understood to be £6,699.96 per annum (excl.) subject to open market annual review, capped at 10 percent of the previous passing rent. The lease term is 15 January 2024 to 14 January 2029 with a tenant break option in July 2025.
Tenure
The property is marketed on a freehold basis, sold subject to the existing tenancy.
Insurance
The Landlord insures the property and recovers the cost from the Tenant on an annual basis.
Energy Performance
Energy Performance Rating is C66.
Planning
The Buyer should rely on its own enquiries of the local planning authority, however it is understood that the premises should fall within the Use Class E.
Value Added Tax
All sums are quoted exclusive of value added tax, to the extent that such tax may apply.
Viewings
All viewings strictly by appointment with the agent.
This prominently positioned ground floor retail premises fronts onto Bridge Street, one of Stourport's main thoroughfares. The property is in close proximity to the High Street and the popular Stourport Basin. The town itself is well connected to Worcester, Birmingham, Bromsgrove and Kidderminster.
Property
The premises are let on a fully repairing and insuring commercial lease to a mobile phone repair business. The property is sold on an investment basis subject to this tenancy and the business is unaffected by this sale.
The property briefly comprises a prominent glazed frontage and entrance, with a largely open-plan and customer-facing space. The rear of the main shop area leads to a smaller storage area, kitchen and WC. There is also a useful cellar. A floor plan is provided for information.
Accommodation
Approximately 1,185 sq ft (110.20 sq m) - all measurements are approximate.
Lease Details
The current passing rent is understood to be £6,699.96 per annum (excl.) subject to open market annual review, capped at 10 percent of the previous passing rent. The lease term is 15 January 2024 to 14 January 2029 with a tenant break option in July 2025.
Tenure
The property is marketed on a freehold basis, sold subject to the existing tenancy.
Insurance
The Landlord insures the property and recovers the cost from the Tenant on an annual basis.
Energy Performance
Energy Performance Rating is C66.
Planning
The Buyer should rely on its own enquiries of the local planning authority, however it is understood that the premises should fall within the Use Class E.
Value Added Tax
All sums are quoted exclusive of value added tax, to the extent that such tax may apply.
Viewings
All viewings strictly by appointment with the agent.
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