Commercial Property
The property comprises a spacious three storey end of terrace, currently providing a retail unit on the ground floor and self-contained former offices accessed via steps off a rear Council car park.
The office accommodation comprises a reception office, storage, open plan office, kitchenette and two further offices over ground, first and second floors.
This accommodation is considered suitable for residential conversion and would provide attractive and spacious town centre living space, subject to any appropriate planning permission.
848 sq.ft. (78.78 sq.m.)
529 sq.ft. (49.14 sq.m.)
209 sq.ft. (19.41 sq.m.)
250 sq.ft. (23.22 sq.m.)
59 Church Street - Let by way of a 10 year Lease with effect from 24th June 2012 to the Shaw Trust Ltd, at a rental of £15,000 per annum and with a rent review due on 24th June 2017.
The Shaw Trust have approximately 50 charity shops in England and Wales and have been in occupation of the subject property for more than 15 years.
The Shaw Trust are rated 1A (Excellent) and had an overall income for year ending 31st March 2016 of over £100m with a pre-tax profit of £14.7m.
Further details and a copy of the Lease will be available for inspection within the legal pack.
59a Church Street - Will be available with vacant possession upon completion.
The subject property is located in the heart of Great Malvern and benefits from a central location in the prime retail area of Church Street, Graham Road and Belle Vue Terrace, which benefits from national multiples including Boots, Waitrose, Fat Face, Cafe Nero, Costa Coffee, Thomas Cook Travel and a number of High Street Banks mixed with local retailers.
The famous Malvern Theatre, Cinema Complex and the Priory Church of St Mary and St Michael are all within close proximity.
The Malvern Urban Area has a population of approximately 40,000, with a thriving business community and high level of tourist visitors.
Worcester is approximately 7 miles distant and Junction 7 of the M5 motorway is approximately 10 miles distant.
This transaction will be treated as a TOGC, as such Vat will not be chargeable.
For full details all interested parties must refer to The Special Conditions of Sale within the legal pack.
Strictly by arrangement with the Auctioneers.
Part let/part vacant.
