Guide price
£240,000
(£240,000.00/sq. ft)
Retail premises for saleBarbourne Road, Worcester WR1
1 sq. ft
About this property
Fully let mixed-use investment opportunity
Retail premises and separately let 2 bedroom flat
Freehold property
Flat furnishings available by separate negotiation
Fully let freehold investment opportunity available on Barbourne Road, Worcester sold with the benefit of a commercial tenancy on the ground floor, with a separately let and immaculately presented 2 bedroom apartment on the first floor.
The Property
33 Barbourne Road is a mixed-use freehold investment opportunity comprising a ground floor retail premises and separate two bedroom flat above.
The ground floor shop has been let to a beauty business, and includes an initial shop-front with ample natural light leading to a separate access to a private WC off the rear courtyard. This shop has been recently let on a new commercial lease, achieving £5,400 rent per annum.
The first floor two bedroom apartment includes an open plan kitchen and living area, a well-appointed bathroom and 2 bedrooms. The apartment has been decorated to an excellent standard throughout, with the current owners having invested heavily in the property. Let on an assured shorthold tenancy, the apartment generates a rent of £12,000 per annum.
Location
This part of Barbourne boasts a mix of both historic buildings and modern amenities, and is one of the main arterial routes in and out of the city centre. The property is directly opposite a Sainsbury's Local and is in close proximity to various other businesses, as well as being a sought-after residential area.
Income
33 Barbourne Road generates a combined income of £17,400 per annum.
Tenure & Tenancies
The property is being sold on a freehold investment basis, subject to a commercial tenancy on the ground floor and an assured shorthold tenancy on the first floor.
The commercial lease is for a term of years commencing 10 March 2025 and ending 11 March 2030, with a tenant break option in 2028. The tenancy is contracted out, and has the benefit of an upward only open market rent review in March 2027, as well as a rent deposit held by the landlord totalling £1,350.
The tenancy for the first floor flat has currently on a periodic tenancy (single occupancy).
Current passing rent currently totals £17,400 per annum.
Guide Price
£240,000
Planning
The Buyer should rely on its own enquiries of the local planning authority.
Value added tax
It is understood that VAT is not chargeable in respect of this transaction.
Energy Performance
The ground floor has a EPC rating of C and the first floor has an EPC rating of D.
Business Rates / Council Tax
Buyer to rely on its own enquiries of the voa and/or local authority.
Costs
Each party to bear their own legal costs.
Viewing
All viewings strictly by prior arrangement with the agent.
The details and floor plans within these particulars are provided for information only and the agent accepts no responsibility for their accuracy.
The Property
33 Barbourne Road is a mixed-use freehold investment opportunity comprising a ground floor retail premises and separate two bedroom flat above.
The ground floor shop has been let to a beauty business, and includes an initial shop-front with ample natural light leading to a separate access to a private WC off the rear courtyard. This shop has been recently let on a new commercial lease, achieving £5,400 rent per annum.
The first floor two bedroom apartment includes an open plan kitchen and living area, a well-appointed bathroom and 2 bedrooms. The apartment has been decorated to an excellent standard throughout, with the current owners having invested heavily in the property. Let on an assured shorthold tenancy, the apartment generates a rent of £12,000 per annum.
Location
This part of Barbourne boasts a mix of both historic buildings and modern amenities, and is one of the main arterial routes in and out of the city centre. The property is directly opposite a Sainsbury's Local and is in close proximity to various other businesses, as well as being a sought-after residential area.
Income
33 Barbourne Road generates a combined income of £17,400 per annum.
Tenure & Tenancies
The property is being sold on a freehold investment basis, subject to a commercial tenancy on the ground floor and an assured shorthold tenancy on the first floor.
The commercial lease is for a term of years commencing 10 March 2025 and ending 11 March 2030, with a tenant break option in 2028. The tenancy is contracted out, and has the benefit of an upward only open market rent review in March 2027, as well as a rent deposit held by the landlord totalling £1,350.
The tenancy for the first floor flat has currently on a periodic tenancy (single occupancy).
Current passing rent currently totals £17,400 per annum.
Guide Price
£240,000
Planning
The Buyer should rely on its own enquiries of the local planning authority.
Value added tax
It is understood that VAT is not chargeable in respect of this transaction.
Energy Performance
The ground floor has a EPC rating of C and the first floor has an EPC rating of D.
Business Rates / Council Tax
Buyer to rely on its own enquiries of the voa and/or local authority.
Costs
Each party to bear their own legal costs.
Viewing
All viewings strictly by prior arrangement with the agent.
The details and floor plans within these particulars are provided for information only and the agent accepts no responsibility for their accuracy.
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