For Sale OIRO £75,000

Teme Street, Tenbury Wells, WR15 - OIRO £75,000

Retail shop situated in the picturesque riverside town of Tenbury Wells on the Worcestershire/Shropshire border, in a saught after position in the High Street ...Read Less

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 This Greetings Card and Gift Shop is situated in a picturesque riverside town on the Worcestershire/Shropshire border, in a sought after position on the High Street, which hosts on the commercial side a bank, a Chartered Surveyors, three public houses, a pharmacy, a cinema, dentists and optician. The retail sector includes a newsagent, pet shops, confectionery shop, three cafes, hardware stores, electrical goods retailer, jewellers, ladies beauty salon, a vegetable shop, a fish shop, ladies and men's hairdressers, butchers and a Spar convenience store incorporating the Post Office. The shop has street parking outside and opposite, plus further parking in the Tesco store. Car parking is available to the rear of the Public Library, off Teme Street which leads to a free car park next to the swimming pool

 A double fronted, Grade II listed shop with good display windows and pedestrian door off pavement

 Front shop - with exposed beams circulating around the sales counter, rear display area extending to 51.6 sq m (555 sq ft) Rear Lobby - with WC and hand wash basin, small storage area. Extending to 11.9 sq m (128 sq ft). Total Area 63.5 sq m

 The interest being sold is the unexpired term of 125 years lease granted on the ground floor from 4/11/1992 (unexpired term approximately 94 years).

 The shop is occupied by 'Nice Things' gift shop which currently pay £6,000 per annum on a 10 year lease expiring 30th November 2033.

 Exempt (as property is listed)

 Mains Electricity Mains Water and Drainage

 Rateable Value £8,400, which qualifies for Small Business Rates depending on occupier

 Cross Teme Bridge into the Town Centre, the shop is equidistant between the TSB Bank and the Regal Cinema on the right hand side

Further Information
 Should you require and further information before or after viewing, please contact Franklin Gallimore's office. Tel: 01584 810 436

 Viewings of the premises are strictly by appointment with Franklin Gallimore. No prospective purchaser is to make any enquiries at the premises wothout prior agreement of Franklin Gallimore

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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.


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.