icons_size_white icons_size

AGENT'S DETAILS


COMMERCIAL/RESIDENTIAL INVESTMENT*, 23-29 York Street and 1-1A Bridge Street, Stourport, Stourport-on-Severn, Worcs

For sale: £225,000.00|Mixed Use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£225,000.00
ADDRESSCOMMERCIAL/RESIDENTIAL INVESTMENT*, 23-29 York Street and 1-1A Bridge Street, Stourport, Stourport-on-Severn, Worcs
TYPEMixed Use, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON18th January 2021

DESCRIPTION

The properties comprise extensive brick built accommodation across four floors, being basement, ground, first and second.

At ground floor there are four retail premises of varying sizes, one of which is currently tenanted on commercial leases and three vacant.

To the first and second floors over York Street, are two self-contained two bedroom flats accessed via a separate roadside doorway, both are Tenanted under ASTs (assured shorthold tenancy agreements).

The upper floors above the Bridge Street premises offer two floors of ancillary accommodation, the floors previously benefited from full planning consent for four one bedroom flats, reference 11/0435/FULL/11/0436/LIST.

The property is available as a whole or as two separate parts, further detail available from the selling agents.

The properties comprise extensive brick built accommodation across four floors, being basement, ground, first and second.

At ground floor there are four retail premises of varying sizes, three of which are currently tenanted on commercial leases and one vacant.
To the first and second floors over Bridge Street, are two self-contained two bedroom flats accessed via a separate roadside doorway, both are Tenanted under ASTs (assured shorthold tenancy agreements).

The properties are prominently located within Stourport Town Centre at the junction of York Street, and Bridge Street.
Stourport-on-Severn is a town in the civil parish of Wyre Forest within North Worcestershire. Lying on the River Severn, Stourport-on-Severn lies to the west of the A449 and south of the A4456 with Kidderminster
lying to the north and Birmingham to the north east.

The town is well connected for transport links with the A449 leading south towards the M5 motorway (junction 6) at Worcester or north towards Kidderminster.

The M5 motorway lying to the south east provides access north towards the M42 and Birmingham whilst leading south through Cheltenham and Gloucester towards Exeter.

Occupiers represented in Stourport include Boots, Heron Frozen Foods, HSBC and Superdrug


PLANNING
The building benefits at ground floor from A1 (Retail consent) and C3 (Residential) consent above.
The upper floors above the Bridge Street premises previously benefited from full planning consents for four one bedroom flats, reference: 11/0435/FULL and 11/0436/LIST


For sale as a whole or as two separate parts further details available from the selling agents upon request.


Mixed retail, residential commercial investment

Net Initial Yield 3.82% less normal purchasers costs

Producing net income of £16,800 per annum

ERV £33,850 per annum

Reversionary Yield 8.44% less normal purchasers costs

Mixed retail, residential commercial investment, potential to develop vacant upper floors
( Agency Pilot Software Ref: 43067 )

LOCATION

Location: COMMERCIAL/RESIDENTIAL INVESTMENT*, 23-29 York Street and 1-1A Bridge Street, Stourport, Stourport-on-Severn, Worcs

Hartlebury (2.5 miles)

Kidderminster (3.6 miles)

Blakedown (6.3 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here