Market Street, Tenbury Wells, WR15 - Guide Price £275,000
Valuable freehold investment property comprising of an Established retail premises in the town centre with living accommodation over
| Location/Situation | Located on Market Street next to the Royal Oak pub (closed) in the heart of the Market town of Tenbury Wells. The situation affords good pedestrian flow during day and evening | |||
| Description | An excellent shop front with three display windows and two doors which would allow the unit to be split into two outlets. Previously operated as a bread shop and cafe for most of this century, it has been occupied by Singapore Gardens, an oriental restaurant. The property historically traded as two shops and the configuration of WC's etc would allow this configuration once more | |||
| Accomodation | Zone A retail 53.1 sq m
Zone B retail 21.13 sq m
Arranged over Ground Floor
Front shop/dining area accessed off Market Street
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| Rear Shop/Dining Area | | |||
| Production Area | with rear access and extractor stack externally | |||
| Two Store Rooms | | |||
| Customer Toilets | Male with WC, urinals and hand basin
Female with two WC's and hand basin | |||
| Staff Toilet | with WC and hand basin | |||
| First Floor (Residential Accommodation) | The flat comprises of kitchen, living room, bathroom and two bedrooms
NB. There is potential to create a second smaller flat (subject to planning consent and Building Regulations) | |||
| Rear | The property benefits from pedetrian access to the side leading to a small yard with access to the flat | |||
| Energy Performance Certificate (EPC) | The agent understands that the property is listed and thus EPC exemption applies | |||
| Outgoings | Ground Floor Rateable Value £7,500
First Floor Council Tax Band B
NB> This is below the threshold for SBRR therefore most occupiers would pay no rates at present | |||
| Planning | The property is Grade II listed and lies in the Tenbury Central Conservation Area | |||
| Tenure | Freehold
Ground Floor is vacant
First Floor is let on an Assured Shorthold Tenancy producing £5,000 per annum | |||
| Fixtures & Fittings | By negotiation | |||
| Directions | From the Teme Bridge, proceed along Teme Street, turn right into Market Street. The property is third on the right adjacent to the Royal Oak public house |
Letting fees no longer apply
Deposits are limited to 5 weeks rent and this amount will apply.Holding deposits of one weeks rent are requested and they will be returned if references fail.Should references be passed and the tenant withdraw through their own choice the holding deposit will not be returned.
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
