Talbot Square, Cleobury Mortimer, DY14

£360,000

Guide price

Situation: The property is situated off the High Street via a pedestrian arch adjacent to the Talbot Hotel. A public car park lies immediately to the rear and a walkway passes the shop en route to the towns main shopping area

Description: A detached brick building beneath a tiled roof comprising of three commercial units on the ground floor and three one bedroom apartments over.

Each unit has its own front door and is serviced independently. The block was built in the mid 1980's

Commercial Units: Unit 7 - Vacant

Including kitchen, staff toilet. Zone A

Retail 31.6 sq m

This unit has previously operated as a hairdressers and personal tutoring centre and would suit a variety of uses.

It also benefits from a ramp into the premises and an independent rear access

Units 8-9 Let to Cleobury Funeral Directors.

Each unit is laid out as per Unit 7 albeit the same tenant occupies both and has made adaptations.

Residential Units: 7a

Door to rear leads to staircase to first floor.

Accommodation comprises of lounge, kitchen, bathroom and bedroom

8a

Accommodation comprises of lounge, kitchen, bathroom and bedroom

9a

Accommodation comprises of lounge, kitchen, bathroom and bedroom

Legal: The property is available freehold.

Unit 7 is available with vacant possession.

Units 8&9 are let on a lease basis to Cleobury Funeral Directors producing £10,800 per annum in rent.

The flats are let on Assured Shorthold Tenancies producing c.£390 pcm per flat i.e. c.£14,040

The total Estimated Rental Value when fully let is c.£30,840. This would indicate a gross yield of over 8.5% based on the guide price when fully let

Guide Price: Offers are sought for the entirety, subject to existing tenancies in the sum of £360,000

Planning: The building was consented under Ref: SS/1986/54/P as three shops/offices with flats over.

EPC

Units 7,8-9 TBA

Unit 7a D

Unit 8a E

Unit 9a TBA

Viewings: By strict appointment with the agents. Tel: 01584 810 436

Arrange viewing 01584 810436

Franklin Gallimore

52 Teme Street, Tenbury Wells, Worcestershire

See all properties from this agent

Send me homes like this by email