£1,100,000

Retail premises for sale

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Business

Guide price

£1,100,000

(£611.11/sq. ft)

Retail premises for sale

Bridge Street, Tamworth B78

From 1,800 - 1,900 sq. ft

Local area information

Property location

Nearby amenities

  • The Nethersole CofE Academy 0.3 miles
  • Polesworth 0.5 miles
  • The Polesworth School 0.6 miles
  • Wilnecote (Staffs) 2.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

We are instructed by the vendors Mr and Mrs S Wright and their company Rose’s Stores (Polesworth) Limited as they are retiring and we are able to offer this unusual and substantial investment opportunity in the heart of the retail area of the established village of Polesworth being within ten minutes drive of Junction 10 the intersection of the M42 motorway with the A5 trunk road giving ready access to the M1 in the North and East Midlands Airport and the City of Birmingham and its Airport to the South.

The retail properties front to Bridge Street, the principal retailing thoroughfare within this substantial village and which has a considerable amount of potential passing trade and footfall.

The principal shop trades as Rose’s Stores Limited (39a and 41a Bridge Street) as a convenience store and encloses a total area (all on the ground floor) of 1,467 sq.ft. (136.3 sq.m.). The shop is appropriate and well fitted and complete with all the necessary ancillary space and fittings

This shop is let to Mr A M Mellor (a private individual ) for a term of 12 years expiring on 28th September 2027 at a current passing rent of £28,750 per annum exclusive subject to further rent review in accordance with rpi as at the 29 September 2024. The tenant is fully obligated in respect of the repair and maintenance of the premises and for refunding the insurance premium costs to the landlord

The smaller shop (43a Bridge Street) is tenanted by Ms. Charlie Millard and operated as a Beauty Salon under a short term tenancy agreement at a current rental of £6,000 per annum exclusive with the tenant being responsible for the repair and maintenance of the interior of the premises. And refunding to the landlord the insurance premium costs.

This shop encloses a total gross internal area of 300 sq.ft. (27.93 sq.m.) and is appropriately decorated and fitted throughout.

The house (the old Bear Brewhouse) is accessed from Rickyard Close and the original Brewhouse has been restored, refurbished and converted to a superb five bedroom character house enclosing a total gross internal area of 1,860 sq.ft. (172.8 sq.m.).

The accommodation comprises.
On the Ground Floor
Fully fitted kitchen
Dining Room
Living Room
Conservatory
Snooker room with WC/wash off

To the First Floor
Landing
Five bedrooms plus a dressing room
Two fitted bathrooms

The property is very well appointed throughout and is fully double glazed and complete with full gas fired central heating.

There are pleasant gardens to the fore and a very attractive patio area to the rear leading to a home office/workshop with WC and wash facilities off.

The site is fully enclosed and has electrically operated security gates leading from Rickyard Close to the brick paved driveway and parking area leading to a two car garage complete with automated door, tiled floor and electrical power and lighting.

Nb: It should be noted that the site has Planning Permission (implemented) for the development
of an additional four bedroomed house on the site of the garage and snooker room (see
North Warwickshire Borough Council Consent No: 2010/0039).

Concurrently with a completion of a transaction Mr and Mrs S Wright (the vendors and current occupants of the residence) will take a new modern shorthold tenancy for a period of six months at a rental of £1,800 per calendar month.
General information


Vendors:
Rose’s Stores (Polesworth) Limited and Mr. And Mrs. S. Wright.

Tenure:
The property is offered freehold subject to the tenancies described herein. Copies of the tenancy documents are available upon request.

Viewing:
Please contact the agents.

Price:
Offers are invited in the region of £1,100,000. VAT is not applicable.

Energy performance:
The residence has an existing Certificate (No: And is rated D. The retail properties have an existing Certificate (No: And are rated D.

Services:
All mains services are either connected or available to the properties.

Rating assessments:
House - Vendor has advised this is listed under Council Tax band B.

Principal shop - 39 to 43a Bridge Street rateable value £16,250.

Small shop (incorrectly listed as 39c Bridge Street) but known as 43 Bridge Street rateable value £4,400.

Local authority:
North Warwickshire Borough Council
The Council House
South Street
Atherstone
Warwickshire CV9 1DE
Tel:

More information

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  1. Zoopla
  2. Commercial for sale
  3. Staffordshire
  4. Tamworth
  5. Polesworth
  6. Bridge Street

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