Prominent position on Stourport-on-Severn prime retail thoroughfare
Residential development potential on the upper parts (subject to consents)
Nearby occupiers include WH Smith (adjacent), HSBC (opposite), Barclays, Boots, Heron, Specsavers, Superdrug and Betfred
Lot 65
Auction 7th December 2017
Rent £15,000 per Annum Exclusive
Status Sold
Price £200,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles south-west of Birmingham, 10 miles north of Worcester
Roads
A451, A449
Rail
Kidderminster Railway Station
Air
Birmingham Airport
Situation
Stourport-on-Severn is a popular tourist town located less than 4 miles south of Kidderminster and some 10 miles north of Worcester. The property is prominently situated in a good trading position on the south side of High Street, adjacent to WH Smith. Other nearby occupiers include Barclays Bank, Boots, Domino’s, Specsavers and Ladbrokes.
Tenure
Freehold.
Location
Miles
16 miles south-west of Birmingham, 10 miles north of Worcester
Roads
A451, A449
Rail
Kidderminster Railway Station
Air
Birmingham Airport
Situation
Stourport-on-Severn is a popular tourist town located less than 4 miles south of Kidderminster and some 10 miles north of Worcester. The property is prominently situated in a good trading position on the south side of High Street, adjacent to WH Smith. Other nearby occupiers include Barclays Bank, Boots, Domino’s, Specsavers and Ladbrokes.
Tenure
Freehold.
Description
The property is an attractive terrace building with retail accommodation on the ground floor and former residential accommodation on the first floor. The property is Grade II listed and currently has no internal access to the upper floors.
VAT
VAT is applicable to this lot.
Planning
(1) The property has historic planning consent under reference 07/0480 and listed building consent under reference 07/0722 to convert the upper parts to two residential flats. The consents have now lapsed. Copies of the historic consents are available within the legal packs.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is an attractive terrace building with retail accommodation on the ground floor and former residential accommodation on the first floor. The property is Grade II listed and currently has no internal access to the upper floors.
VAT
VAT is applicable to this lot.
Planning
(1) The property has historic planning consent under reference 07/0480 and listed building consent under reference 07/0722 to convert the upper parts to two residential flats. The consents have now lapsed. Copies of the historic consents are available within the legal packs.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail/ Ancillary
109 sq m
(1,173 sq ft)
ST RICHARD’S HOSPICE FOUNDATION (1)
10 years from 16/03/2012
£15,000
15/03/2022
First and Second
Former Residential
Not measured
VACANT POSSESSION
Totals
109 sq m
(1,173 sq ft)
£15,000
(1) For the year ending 31st March 2016, St. Richard’s Hospice Foundation reported a pre-tax profit of £584,685 and a total net worth of £13,133,480 (Source: Experian Group 26/10/2017). St. Richard’s trade from 19 shops across Worcestershire (Source: www.strichards.org.uk).
