For Sale Guide Price £90,000

Teme Street, Tenbury Wells, WR15 - Guide Price £90,000

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Location
 The property is situated on the western side of Teme Street which is in the main retaill throughfare of the market town of Tenbury Wells. The town enjoys a wide range of independent retailers and serves a wide hinterland and is popular with visitors

  
Description
 Constructed as a Georgian House, the property was converted into its current arrangement during the late 19th century of a shop on the ground floor with residential accommodation on the upper two floors. The residential accommodation forming one flat per floor

  
ACCOMMODATION
  
  
GROUND FLOOR
  
  
Retail
 The shop is a single step through a central entrance door flanked by two display windows. The main sales area is open plan with supporting pillars with a retail area 25 feet by 19 feet (7.62 metres x 5.79 metres) Retail Zone A c34.8 sq m. Retail Zone B c. 10.4 sq m. Auxilliary accommodation comprises of a side entrance and cellarage extending to 73.2 sq m.

  
Residential
 The upper floors comprise of 2 two bedroom flats arranged on first and second floor. The flats were sold on long leaseholds and have approximately 72 years unexpired. They both contribute to a small ground rent and are responsible for contribution towards building insurance and maintenance

  
External
 The property is accessed directly from the back of footway on Teme Street. A passageway shared with the adjoining property affords rear/side access to the building

  
Tenure
 Freehold, subject to occupational leases, as follows:-

  
Ground Floor
 Subject to lease to private individual t/a Special Occasions. The tenants have been in occupation on a lease dated 2003 and are currently holding over paying a rent of £7,000 per annum until 31/7/2023. They have expressed an interest to extend the lease, subject to negotiation

  
Upper Floors
 Subject to long ground leases of 99 years from 27th March 1990 approximately 68 years unexpired, paying a deminimus rent but with responsibilities for payment of service charge

  
Rateable Value
 Shop £6,300 (2017 Rating List) Council Tax Both Band A

  
Services
 The property benefits from mains water, electricity, gas and drainage

  
EPC
 Shop (Ground Floor) TBA Flat 1 TBA Flat 2 (Upper floors) E

  
Directions
 The property is situated on the right hand side of Teme Street if one enters the town over the Teme bridge. It is situated three quarters of the way down the street prior to it turning right into Market Street

  
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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.