Commercial Property
False
The property occupies a prominent position on the busy High Street within Stourport on Severn town centre, this unique Georgian canal town within the heart of the Severn Valley.
The property is situated just off the A51, which links to the A451 and lies a short distance from Worcester Road. The property benefits from being located within a busy commercial and retail location with multiple occupiers including Boots, WHSmith and HSBC within the immediate vicinity.
The property comprises an attractive Georgian three storey brick building with a pitched tiled roof. At ground floor level there is a well presented split level retail area with a small changing room and currently used as a Charity Shop. Extending to the rear of the property there is a large store room with a modern kitchenette. The store room provides access to WC facilities and to a small enclosed rear yard. The property benefits from ancillary storage and electric heating. There is a side entrance to the front of the property that allows direct access to the rear store room.
The property also has vacant first and second floors, which we have been unable to inspect, but are considered suitable for conversion to residential use subject to obtaining the necessary planning permission. Planning Permission was granted on the 4th July 2007 by Wyre Forest District Council for the subdivision of first and second floor residential unit into separate first and second floor apartments. This has now lapsed, all interested parties should make their own enquiries with the local planning authority to satisfy themselves as to their proposed future use.
An Attractive Freehold Town Centre Retail Investment with the potential for Residential Conversion of the Vacant Uppers, subject to obtaining any necessary Planning Permission
Rent Passing: £14,000 pa
We understand that the property is Freehold, subject to a Lease for a term of 10 years to the St Richards Hospice Foundation with effect from the 16th March 2012 with provision for a rent review at the end of the fifth year.
A copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
