Commercial Property
The property is situated on one of the main arterial roads leading into Worcester City Centre from the north and is in a popular out of town shopping parade, being convenient for public transport.
Worcester is a major West Midlands City located approximately 120 miles northwest of London, 30 miles southwest of Birmingham, 25 miles to the north of Cheltenham and 26 miles to the northeast of Hereford City Centre. Motorway access to the City is good with junctions 6 and 7 of the M5 motorway being within 3 miles of the City Centre.
The property comprises a three storey building of brick construction surmounted by a pitched slate roof. The ground floor comprises a double fronted retail unit with separate rear access. Above the ground floor retail area there are two self-contained flat premises both with separate access from the rear and extending over the first and second floors of the property.
The ground floor retail accommodation comprises a good sized sales area extending to approximately 1,502 sq.ft. (139.54 sq.m.), a store room, an office/store with further store room, a kitchen and WC facilities.
49A Barbourne Road extends over the first and second floors of the property and briefly comprises a kitchen, bathroom, two separate WC's, a lounge and three bedrooms.
51A Barbourne Road which also extends over the first and second floors of the property briefly comprises a kitchen, bathroom, separate WC, living room and two bedrooms.
Commercial Investment
A Freehold Mixed Commercial & Residential Investment Property within a Popular Local Parade
Current Rental Income: £24,100 per annum
We understand that the property is Freehold subject to the following tenancies.
Ground Floor Shop:- Has been Let by way of a new 3 year Lease with effect from the 1st July 2013 to Rapunzel Hair on a internal, repairing and insuring Lease at a rental of £11,500 per annum.
49A Barbourne Road:- Is Let by way of a 6 month Assured Shorthold tenancy agreement which commenced on the 12th May 2013 at a rent of £550 per calendar month.
51A Barbourne Road:- Is Let by way of an Assured Shorthold tenancy agreement which commenced on the 13th June 2013 at a rent of £500 per calendar month.
Further information relating to Tenure and copies of the Commercial Lease and two Assured Shorthold tenancy agreements will be available for inspection within the Legal Pack.
VAT may be applicable in respect of this transaction and all interested parties should seek verification by refering to the Special Conditions of Sale contained within the legal pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
