Sold STC 0 Bedroom 0 Bathroom 0 Reception Guide Price £360,000

Talbot Square, Cleobury Mortimer, DY14 - Guide Price £360,000

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This property is currently Sold STC. However, register your details below and we will contact you if it becomes available again.
Situation
 The property is situated off the High Street via a pedestrian arch adjacent to the Talbot Hotel. A public car park lies immediately to the rear and a walkway passes the shop en route to the towns main shopping area

  
Description
 A detached brick building beneath a tiled roof comprising of three commercial units on the ground floor and three one bedroom apartments over. Each unit has its own front door and is serviced independently. The block was built in the mid 1980's

  
Commercial Units
 Unit 7 - Vacant Including kitchen, staff toilet. Zone A Retail 31.6 sq m This unit has previously operated as a hairdressers and personal tutoring centre and would suit a variety of uses. It also benefits from a ramp into the premises and an independent rear access Units 8-9 Let to Cleobury Funeral Directors. Each unit is laid out as per Unit 7 albeit the same tenant occupies both and has made adaptations.

  
Residential Units
 7a Door to rear leads to staircase to first floor. Accommodation comprises of lounge, kitchen, bathroom and bedroom 8a Accommodation comprises of lounge, kitchen, bathroom and bedroom 9a Accommodation comprises of lounge, kitchen, bathroom and bedroom

  
Legal
 The property is available freehold. Unit 7 is available with vacant possession. Units 8&9 are let on a lease basis to Cleobury Funeral Directors producing £10,800 per annum in rent. The flats are let on Assured Shorthold Tenancies producing c.£390 pcm per flat i.e. c.£14,040 The total Estimated Rental Value when fully let is c.£30,840. This would indicate a gross yield of over 8.5% based on the guide price when fully let

  
Guide Price
 Offers are sought for the entirety, subject to existing tenancies in the sum of £360,000

  
Planning
 The building was consented under Ref: SS/1986/54/P as three shops/offices with flats over. EPC Units 7,8-9 TBA Unit 7a D Unit 8a E Unit 9a TBA

  
Viewings
 By strict appointment with the agents. Tel: 01584 810 436

  
floorplan
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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.