Property

An attractive Grade II listed freehold mixed use investment located in the heart of Great Malvern an elegant well thought of spa town in Worcestershire.

The property is arranged on Basement, Ground and two upper level floors to provide a shop, over ground and basement floors with a self contained office above. To the rear is a Grade II listed hall, currently being used as a Dance Studio.

The remainder of the building provides residential accommodation arranged as 4 self contained flats all let out on AST's.

Nearby occupiers include Iceland, Costa Coffee, YMCA and Fat Face.

Accommodation and tenancy schedule

Basement and Ground Floor 18-22 Church Street Oxfam Basement 149.1 sq m1,605 sq ft10 years from December 2019

Fixed rental uplift in the 5th year (2% pa compounded)

Effectively FR&I by way of a service charge £27,500 p.a. Fixed uplift in December. Rent rising to £27,500 pa Ground177.4 sq m1,910 sq ft Part First Floor

18-22 Church Street (Rear)

St Cecilia's Hall P Lewis

(t/a A Dance School) Ground Floor 154.2 sq m1,670 sq ft10 years from 25.12.2023

Rolling annual tenant break option

5 year Rent Review

Effectively FR&I by way of service charge £11,550 p.a. Rent Review 2028 Part First Floor

18-22 Church Street Allan Brown (Accountancy and Taxation Services) Limited First Floor 66.3 sq m714 sq ft10 Years from 25.12.2023

Tenant break option at 5th anniversary

Effectively FR&I by way of service charge £6,300 p.a.

Flat 1 Individual First Floor Flat 53 sq m571 sq ft AST for a term of 12 Months from 01.08.2024 £6,600 p.a.

Flat 2 Individual First Floor Flat 50 sq m538 sq ft AST for a term of 12 Months from 21.12.2023£7,200 p.a.

Flat 3 Individuals Second Floor Flat 55 sq m592 sq ft AST for a term of 12 Months from 02.2.2024 £7,200 p.a.

Flat 4 Individual Second Floor Flat 42 sq m452 sq ft AST for a term of 12 Months from 24.06.2024 £7,200 p.a.

Total 747 sq m 8,052 sq ft £73,550 p.a.         

Call Platinum Property Agents now for more information and to arrange your viewing.