Mixed use for sale

▪ SUBSTANTIAL MIXED USE INVESTMENT

▪ POTENTIAL INCOME C £27,000 PA

▪ FREEHOLD

▪ NO VAT

▪ CAR PARKING AT REAR

▪ RETAIL UNIT + 1 & 4 BEDROOM FLATS

THE PROPERTY

The property is located in an established retail and residential area close to Kidderminster Town Centre.

ACCOMMODATION

The building comprises a brick built property over three floors with a self contained retail unit with front and rear access, a self contained single bed flat to the rear at ground floor and a 4 bed duplex flat on the first and second floors with self contained access from the rear. Private car parking is available at the rear of the building along with external amenity space.

Ground Floor Retail 617 sq ft (57.3 sq m)

Ground floor - one bedroom flat

First and second floors - 4 bedroom flat

RENTALS

Current rentals passing :

Shop £725 pcm

I bed flat £650 pcm

4 bed flat (recently vacated, redecorated & new carpets to be re-let at £875 pcm minimum)

Total Rental £27,000 pa gross

BUSINESS RATES & COUNCIL TAX

Current rateable value for the shop is £7,200 (April 2023) Both Flats are Council Tax Band A.

LEASES AND TENANCIES

The shop is Let on a new 6 year lease. The flats are let on standard AST’s

PRICE

Offers are sought in excess of £295,000 NO VAT

LEGALS

Each party to pay all own costs in respect of this transaction.

VAT

We understand VAT will not be charged on the sale of this property.

VIEWING

Please contact the Agents.

GENERAL TERMS

Fixtures & Fittings Any fixtures and fittings not expressly mentioned within these particulars are excluded from the transaction.

Areas & Dimensions All areas and dimensions are deemed to be approximate only.

© Walton and Hipkiss