£350,000

Retail premises for sale
New Road, Kidderminster DY10

  • Freehold

Added on

G Herbert Banks

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About this property

    • Freehold investment subject to tenancies
    • Providing a current income of £25,480 per
    annum
    • Centrally located to Kidderminster town
    centre
    • On street parking and pay & display
    • Total floor area 1,500sqft (139.40m2)

    Location
    The property is centrally situated to Kidderminster
    town centre on one of the main arterial roads into the
    town. It overlooks Tesco’s petrol filling station adjacent
    to their supermarket, with Morrisons, Aldi and
    Kidderminster college also in close proximity. In
    addition to the on street parking there is also the New
    Road pay & display carpark.

    Kidderminster town centre is undergoing a period of
    regeneration, with £36m having been committed to
    public assets, with a view to catalyzing further private
    investment and the redevelopment of Lion Fields,
    Outside the town centre, there is a growing population
    to all three towns of the Wyre Forest, with there being
    substantial residential development currently being
    undertaken.

    Description
    The properties comprise of two ground floor shops,
    divided by an open walkway to the rear yards/land.
    Number 26 New Road is trading as a long established
    (25 years) Chinese takeaway, with there being single
    storey extensions to rear. 27 New Road is a
    confectionary and vape shop. Accessed via a separate
    staircase, there is a two bedroomed apartment which
    spans across both retail premises. To the rear there is a yard area and beyond this a
    section of land, which may provide some potential if
    connected with adjoining rear gardens in the future,

    accommodation
    26 New Road
    The premises has retail frontage onto New Road with
    a glazed frontage leading into the retail/takeaway
    counter area. Behind this is situated the main kitchen,
    connected to the preparation kitchen to rear, which
    also has an outside door. This further connects to
    three storage rooms, which lie beyond.
    Gross Internal Area 625ft2 (58.13m2)

    27 New Road
    This premises has a glazed frontage onto New Road
    with access to the retail shop, which has been fitted
    out by the Tenant with racking and flooring, together
    with suspended ceiling and inset lighting. To the rear
    there is a stores/kitchenette, together with enclosed
    WC.
    Gross Internal Area 340ft2 (31.56m2)

    26a New Road
    This property has separate stairway access from the
    passageway leading between the two shops to the
    first floor. The property comprises of two bedrooms,
    living room, kitchen and bathroom accommodation.
    Gross Internal Area 535ft2 (49.73m2)

    26 & 26a New Road
    Leased to 18/04/2031. Current rent £17,680 per annum.
    Next rent review April 2026.

    27 New Road
    Leased to 15/06/2032. Current rent £7,800. Rent
    review fixed increase to £8,700 per annum 15/06/2026
    and £9,600 per annum 15/06/2029. Break clause
    15/06/2026 (3 months notice required)

    terms
    The property is freehold and shall be sold subject to
    the above premises

    outgoings
    From April 2026 the rateable values are: 26 New Road
    £4,200. 27 New Road £4350. 26a is Council Tax band A

    VAT
    We are informed by the Owner that the premises is
    not subject to VAT

    viewing
    Via the Sole Agent’s Great Witley Office
    Tel: Contact: Nick Jethwa
    Email:

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    Property descriptions and related information displayed on this page are marketing materials provided by - G Herbert Banks. 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 G Herbert Banks for full details and further information.