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£385,000Property for sale
Teme Street, Tenbury Wells, WR15
Property
Features and description
- Freehold Investment
- Town Centre Location
- 2 Commercial Lettings
- Development Potential
- 2 Residential Lettings
- Passing Rent c.£17,935 pa
Valuable mixed-use freehold investment in town centre with potential for asset management
Location / Situation: The proeprty is situated on the east side of Teme Street, close to its junction with Market Street, Teme Street is in the town's main commercial thoroughfare and a range of national and independent retailers are present including, Tesco, Spar (encorporating the Post Office) and the town's social and leisure facilities including, doctors, dental surguries, theatre and library
No.10 Teme Street: GROUND FLOOR
(TA Teme Valley Carpets)
with steps off Teme Street and side doors off yard
Front-Showroom 27'4" x 11'1" (8.33m x 3.38m)
Rear-Showroom 3'6" x 10'6" (9.60m x 2.69m)
Stores
WC's (Male/Female)
Kitchen 17'4" x 8'10"
FLAT1
A duplex flat arranged over first and second floors and accessed via an external staircase.
Accommodation comprises of:
FIRST FLOOR
Lobby
Kitchen 18'11" x 8'2" (5.76m x 2.48m)
Lounge 14'6" x 9'5" (4.42m x 2.86m)
Bathroom 7'11" x 6'5" (2.42m x 1.96m)
SECOND FLOOR
Bathroom
Bedroom 1 13'9" x 9'9" (4.2m x 2.98m)
Bedroom 2 19'4" x 8'4" (5.89m x 2.53m)
Box Room 1 18'0" x 5'9" (2.45m x 1.74m)
Access to roof of hall
FLAT 2
first floor in return 2 storey wing accessed via external staircase. Accommodation comprises of:
Lobby
Sitting Room
Kitchen
Bathroom
Bedroom
Description: The property is accessed via a shared courtyard and comprises of a three storey Victorian building with two-storey return wing. Retail use is sited on the ground floor with two residential apartments and a small office on the upper floors
Office Suite: Accessed off external stair
OUTSIDE: Access to the property is via a full height vehicular door shared with the front and rear of No. 12 Teme Street. The yard ownership is split with No.12 and there are mutual rights of way etc. which prevent parking. The yard is covered, in part, by a steel framed building covered with corrugated sheets
Tenure: The property is available freehold
(subject to the following tenancies)
Ground Floor Shop
Subject to a 10 year lease from 1.7.2018, current rent passing £6,475 (plus £300 insurance rent) pa
Flat 1 AST £450pcm (£5,400 pa)
Flat 2 AST £380pcm (£4,560 pa)
Office Suite £1,500pa on informal tenancy afreement
Planning: The property is situated in the town's Central Conservation Area. The property has been used as a carpet shop, restaurant and general store in recent years. It was for many years, the town bakery
Directions: 10 Teme Street is situated on the east side of Teme Street and is within 50m of its junction with Market Street
Location / Situation: The proeprty is situated on the east side of Teme Street, close to its junction with Market Street, Teme Street is in the town's main commercial thoroughfare and a range of national and independent retailers are present including, Tesco, Spar (encorporating the Post Office) and the town's social and leisure facilities including, doctors, dental surguries, theatre and library
No.10 Teme Street: GROUND FLOOR
(TA Teme Valley Carpets)
with steps off Teme Street and side doors off yard
Front-Showroom 27'4" x 11'1" (8.33m x 3.38m)
Rear-Showroom 3'6" x 10'6" (9.60m x 2.69m)
Stores
WC's (Male/Female)
Kitchen 17'4" x 8'10"
FLAT1
A duplex flat arranged over first and second floors and accessed via an external staircase.
Accommodation comprises of:
FIRST FLOOR
Lobby
Kitchen 18'11" x 8'2" (5.76m x 2.48m)
Lounge 14'6" x 9'5" (4.42m x 2.86m)
Bathroom 7'11" x 6'5" (2.42m x 1.96m)
SECOND FLOOR
Bathroom
Bedroom 1 13'9" x 9'9" (4.2m x 2.98m)
Bedroom 2 19'4" x 8'4" (5.89m x 2.53m)
Box Room 1 18'0" x 5'9" (2.45m x 1.74m)
Access to roof of hall
FLAT 2
first floor in return 2 storey wing accessed via external staircase. Accommodation comprises of:
Lobby
Sitting Room
Kitchen
Bathroom
Bedroom
Description: The property is accessed via a shared courtyard and comprises of a three storey Victorian building with two-storey return wing. Retail use is sited on the ground floor with two residential apartments and a small office on the upper floors
Office Suite: Accessed off external stair
OUTSIDE: Access to the property is via a full height vehicular door shared with the front and rear of No. 12 Teme Street. The yard ownership is split with No.12 and there are mutual rights of way etc. which prevent parking. The yard is covered, in part, by a steel framed building covered with corrugated sheets
Tenure: The property is available freehold
(subject to the following tenancies)
Ground Floor Shop
Subject to a 10 year lease from 1.7.2018, current rent passing £6,475 (plus £300 insurance rent) pa
Flat 1 AST £450pcm (£5,400 pa)
Flat 2 AST £380pcm (£4,560 pa)
Office Suite £1,500pa on informal tenancy afreement
Planning: The property is situated in the town's Central Conservation Area. The property has been used as a carpet shop, restaurant and general store in recent years. It was for many years, the town bakery
Directions: 10 Teme Street is situated on the east side of Teme Street and is within 50m of its junction with Market Street
About this agent
Richard is a lifelong Tenbury Wells resident and an experienced Chartered Surveyor who has worked for more than 20 years in both public and private practices throughout the West Midlands. He has a wealth of development, commercial property, professional and valuation expertise. Richard is also a Regional Spokesman for the Royal Institution of Chartered Surveyors (RICS) and in this capacity provides commentary on the property market for both TV and radio. He has also advised on TV shows including Property Ladder. Edward Gallimore is a Chartered Surveyor and Estate Agent who has practiced in Tenbury Wells for over 30 years, opening his own office in 1988. Edward has built up a strong and loyal client base with unrivaled knowledge of the beautiful Teme Valley and surrounding areas.