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Offers over

£145,000

2 bed flat for sale
Teme Street, Tenbury Wells WR15

    • 2 beds

    • 1 bath

    • 1 reception

  • EPC Rating: E

  • Freehold

Franklin Gallimore

Logo of Franklin Gallimore

About this property

  • Valuable mixed use Freehold Investment

  • 2 Bedroom Apartment on Upper Floors

  • Indicative gross yield 9%+

  • Producing £13,200 pa (wef Sept 25)

  • Courtyard and garden

  • Business Unaffected

Detailed Description

Mixed use premises for sale

Location: The property is situated on the eastern side of Teme Street which is in the main retail thoroughfare 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: The property dates from the 18th century and comprises of a three storey building with ground floor extension. The property has a shared allley way which leads to a well-sized garden

ground floor: The shop floor is fitted with anti-slip tiles throughout

Front Shop (Shop/Retail Space): 3.38m x 4.6m ( 11' 1" x 15' 1" ) plus 3.28m x 2.044 (10' 9" x 6' 8"). Fully tiled floor and part tiled walls.

Rear (kitchen preparation area): 3.28m x 2.04m ( 10' 9" x 6' 8") with built-in work surfaces, stainless sink with tap. Toilet with low level WC, suite and wash hand basin and store. Fullly tiled walls. Back door leading to and enclosed courtyard

Toilet: With low level WC suite and wash basin

Rear Kitchen/Store: 3.04m x 1.69m (9'12" x 5'7"), Glazed with opaque glass for privacy with door to rear courtyard

Separate Access to Upper Floor Flats

first floor

Kitchen: Fully fitted kitchen with a range of base and wall units, stainless steel sink, built-in oven, plumbing for washing machine, wall mounted gas boiler serving central heating

Landing: With fitted carpets

Bathroom: With panel bath with electric shower over, low level WC, wash basin

Sitting Room: With two windows to front, fire surround

second floor

Bedroom 1 (to front): With fitted carpet, built-in wardrobes either side of chimney breast, two windows to front

Bedroom 2 (to rear): With fitted carpet and window to rear

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 beyond which lies a yard for the commercial residential part and an extensive garden area mainly to lawn

Services: Mains electricity
Mains water and drainage
Telephone subject to BT regulations
Both flat and shop are independently serviced

Outgoings: Malvern Hills District Council. Tel Rateable Value £4,050 per annum. Currently benefits from Small Business Relief
Flat Council Tax Band A

EPC: Residential EPC C
Commercial EPC available from agent

Tenure: The property is freehold. The shop is let on a 5 year lease with effect from 1.2.2025 with a break on 3rd anniversary producing £6,000 per annum. The upper floors are let on an AST producing £6,600 per annum last reviewed August 2023

Viewings: Viewings are srictly by prior appointment with the agents

Directions: Proceed over Teme Bridge, pass the library and No.6 is on the left hand side before the 90 degree turn into Market Street

What 3 Words: Dominate.crescendo.label

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Property descriptions and related information displayed on this page are marketing materials provided by - Franklin Gallimore. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Franklin Gallimore for full details and further information.