Commercial Property
False
The property benefits from a prominent position fronting York Street, being adjacent to York Street lock and near the junction with Lion Hill in the centre of the Georgian canal town of Stourport on Severn.
The property lies close to the Stourport Canal Basin Conservation Area, which has undergone considerable conversion and redevelopment in recent years.
Stourport on Severn lies approximately 12 miles from Worcester and 25 miles from Birmingham. Access to the motorway network is via junction 4 or 5 of the M5 motorway, both lying approximately 10 miles distant.
The property is considered to occupy a rare opportunity to acquire a building of great character within this attractive canalside location within the tourist town of Stourport on Severn.
The property comprises a listed single storey brick building with a pitched slate and part flat roof. The property is a well established canalside tea room, with living accommodation to the rear.
Commercial Investment
A Freehold Town Centre Investment Property
Current Gross Income: £10,000 pa
Business Unaffected
We understand that the property is Freehold, subject to a new Lease with effect from 29th January 2016 and expiring on 31st December 2029. The current rent is £10,000 per annum and there is provision for a rent review on 25th March 2019 and each third year thereafter.
A copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
