AN EXCELLENT OPPORTUNITY TO PURCHASE A FREEHOLD INVESTMENT
ENJOYING A PRESTIGIOUS PROMINENT POSITION IN GREAT MALVERN
RENTAL INCOME CURRENTLY PRODUCING £33,500 PER ANNUM
VIEWING HIGHLY RECOMMENDED
GUIDE PRICE: £450,000
The property is located in Great Malvern, in close proximity to the famous Malvern Theatre and Cinema Complex, and the prime retail area with national multiples such as Boots, Fat Face, Cafe Nero, Costa Coffee, Ask, Prezzo, and Waitrose. The Malvern urban area has a population of approximately 40,000, with a thriving business community and a main line railway station within walking distance, which runs on the Hereford to Paddington and Hereford to Birmingham lines. Worcester is approximately 7 miles distant and Junction 7 of the M5 motorway is approximately 10 miles distant.
The Exchange at 105 Church Street and 2 Graham Road is situated on a very prominent corner position in Great Malvern and comprises a mixed use premises. The property briefly comprises: retail shop to basement, ground and first floor at 105 Church Street; office accommodation on the first and second floor; and a two bedroomed flat to the third floor. The current passing rent is £33,500 per annum. Parts of the property lend themselves to refurbishment, subject to necessary planning consents. This presents an ideal investment opportunity and we highly recommend viewing.
We have been advised that mains electricity, gas, water and drainage are connected to the property. Gas central heating is provided to the ground and first floor retail unit. Night storage heaters are provided to the self contained flat on the third floor.This information has not been checked with the respective service providers and all interested parties may wish to make their own enquiries with the relevant authorities. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending purchasers are advised to satisfy themselves where necessary.
From the Agent's Malvern Office turn right and then turn left onto Church Street. Continue down the left hand side of Church Street until you reach the traffic lights and the property can be found directly ahead of you on the corner of Church Street and Graham Road.
Flat 3, 2 Graham Road - Band B
Energy Perfomance Certificate
The EPC rating for this property is
EPC FOR 105 CHURCH STREET Rating - C70
EPC FOR FLAT, 2 GRAHAM ROAD Rating - F25
By appointment to be made through the Commercial Department at the Agent's Ledbury Office, Tel 01531 634648 Option 3
TENURE - The property is available for sale on a freehold basis, subject to legal verification and existing leases.
GUIDE PRICE - £450,000
PLANNING - No enquiries have been made of the local planning authority in order to verify the use classification and interested parties are advised to check with the local planning department.
Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request. John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchases/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or enter into any contract.
( Agency Pilot Software Ref: 1037 )