icons_size_white icons_size
The UK's leading real estate marketplace

38, Astwood Road, Worcester, WR3 8EZ

A Freehold Mixed Retail & Residential Investment Property
Location: 38 Astwood Road, WR3 8EZ
Property type: General Retail, Mixed Use, Residential, Retail, Flat, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Investment
** UNSOLD - AVILABLE AT £140,000 **

A Freehold Mixed Retail & Residential Investment Property Current Gross Income: £12,600 pa.

Property Description
The property comprises a three storey mid terraced mixed use building, located in a neighbourhood shopping parade on Astwood Road, with a retail ground floor premises currently occupied by an established Barbers shop business with residential accommodation on the upper floors.

The property is located in a prominent position, fronting Astwood Road, which is a main route leading into Worcester City Centre.
Worcester is a major West Midlands City located 30 miles south west of Birmingham, 25 miles to the north of Cheltenham and 26 miles to the north east of Hereford. Motorway access to the City is via junction 7 of the M5 motorway, which is approximately 3 miles from the City Centre, giving direct access to the midland and national motorway networks.

We understand that the property is Freehold, the ground floor is let by way of a 10 year Lease with effect from 8th May 2018 at a rental of £6,000 per annum, there is a provision for a rent review at 9th May 2023.
The flat on the upper floors is let by way of Assured Shorthold Tenancy Agreement, at a rental of £550 per calendar month, inclusive of electricity (£6,600 per annum).
Copies of these agreements will be available for inspection within the Legal Pack.

Ground Floor Front Waiting Room - 111 sq.ft. (10.32 sq.m.)
Retail Area - 161 sq.ft. (14.99 sq.m.)
Rear Store - 91 sq.ft. (8.50 sq.m.)
Flat above comprises Entrance, First Floor - Kitchen/Dining Area, Living Room, Bathroom.
Second Floor - Bedroom.

Value Added Tax
Please refer to the Legal Pack.

Strictly by arrangement with the Auctioneers.

Joint Agents
GJS Dillon

Freehold. Commercial investment.
What do you think of our website?
Complete our survey and
you could win £1000
Start here