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 30 miles south west of Birmingham, 25 miles to the north of Cheltenham and 26 miles to the north east of Hereford City Centre. Worcester benefits from good access to the midland and national motorway network via junction 6 and 7 of the M5 motorway, which are within 3 miles of the City Centre.
The property comprises a mid terraced three storey building of brick construction, surmounted by a pitched slate roof. The ground floor comprises a retail unit with separate rear access.
On the first and second floors, there is a spacious self-contained flat with a separate access to the rear extending over both the first and second floors of the property.
Commercial Investment
A Freehold Mixed Commercial & Residential Investment Property
Current Rental: £14,100 pa
The ground floor retail premises are let on a new 5 year Lease, with effect from 1st August 2013 to Vitalmax Ltd on an internal repairing and insuring Lease, at a rental of £7,500 per annum.
The flat known as 47a Barbourne Road is let by way of a 6 month Assured Shorthold Tenancy, with effect from 12th May 2013, at a rent of £550 per calendar month.
Copies of the Lease and Tenancy Agreement will be available for inspection within the legal pack.
We understand that the property is Freehold and is being sold subject to the existing tenancies.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
