Office Load Street, Bewdley, Worcestershire, DY12 £125,000

Reference: 37189_MEB190012

Office for sale: Load Street, Bewdley, Worcestershire, DY12


Reference: 37189_MEB190012

Description

FREEHOLD INVESTMENT - BUSINESS UNAFFECTED BY SALE:

PROPERTY DESCRIPTION
Location:
The town of Bewdley was once described as "the most perfect small town in Worcestershire" and is situated on the banks of the River Severn and on the edge of the Wyre Forest. The area enjoys some of the best attractions in the Midlands to include an exciting safari and leisure park and one of Britain’s premier steam railways, whilst the town itself enjoys a strong visitor profile with a good choice of independent shops, pubs and restaurants.

Situated approximately 18 miles south west of Birmingham and 15 miles north of Worcester, Bewdley is served by a good motorway network with excellent links to the M5, M6, M40 and M42. Birmingham International Airport is approximately 45 minutes away and the main line train station in Kidderminster has regular services to and from Worcester, Malvern, Birmingham and London.

Description:
The property is arranged over four floors comprising a ground floor shop and three flats above. The flats are all accessed independently from the shop and have been sold off on long leases. The shop is currently rented out to a reliable and well established tenant.

Accommodation:
The shop has a gross frontage of 17'5" and a designated retail space of approximately 530 sq ft as well as toilet facilities. The three flats have not been inspected.

Lease Terms:
Ground Floor - six years from 08.11.2016 with a rent review every three years, current rent £7000 p.a
Flat 1 - 99 years from 01.01.1993 with a ground rent of £50 p.a
Flat 2 - 99 years from 01.01.1989 with a ground rent of £50 p.a
Flat 3 - 99 years from 01.01.1989 with a ground rent of £50 p.a

Tenure:
Freehold

Local Authority:
Wyre Forest District Council

Rateable Value of Ground Floor Shop:
£7700

Viewing:
Interested parties should contact the agent directly for any further information and to arrange an inspection viewing

36 Load Street provides a ready to go Freehold shop and residential ground rent investment opportunity in an attractive riverside town.

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Contact Agent

Harwich Village Homes
Tel: 01255 504900