Property Summary Substantial freehold mixed use investment. Planning permission (subject to agreement of section 106) for 18 additional self-contained flats. Seven flats, a gymnasium, two restaurant takeaway units, a motor repair workshop and warehousing. Part vacant possession. Total rent reserved £95,949 per annum (with vacant possession of the gym and one flat)
Location Worcester is an affluent commuter town close to the Malvern Hills, Bristol is approximately 60 miles to the south and Birmingham 34 miles to the North. The property is situated in a prominent corner position at the junction with St Johns Road, just to the east of the city centre and within a predominantly residential area. Public transport includes Worcester Foregate Street railway station. The city centre provides many fashionable shops bars and restaurants and is within 10 minutes walking distance. Recreation facilites can be found at Cripplegate Park.
Situation Worcester is an affluent commuter town
Description Substantial freehold mixed use investment
Accommodation Unit Accommodation Tenancy Rent 6 The Bullring Ground floor restaurant takeaway. Approximate area 82.6 sq m (889 sq ft) Let to Mosnul Haque on a 15 year lease from 24/04/2007 £11,000 per annum 8 The Bullring Ground floor restaurant takeaway. Approximate area 86 sq m (935 sq ft) Let to Papa Johns (GB) Ltd on a 15 year lease from 11/07/2013 with 5 yearly rent reviews £12,500 per annum 4 Bush Walk Lower ground floor former gymnasium. Approximate area 561 sq m (6,049 sq ft) Vacant NA 8 Henwick Road Warehouse and offices over ground and first floors. Approximate area 494.9 sq m (5,328 sq ft) Let to Kitchen World - holding over on a lease which commenced on 14/03/1992 £32,499 per annum Bush walk motor services Ground floor motor repair work shop. Approximate area 92.9 sq m(1,000 sq ft) Let to Wayne Duggan on a 5 year lease from 02/05/2013 (holding over). £6,950 per annum Flat 1, 2a Henwick Road Two bedrooms, reception room, kitchen, bathroom Let on a 12 month assured shorthold tenancy from 11/11/2011 (holding over) £6,240 per annum Flat 2, 2a Henwick Road Two bedrooms, reception room, kitchen, bathroom/wc Let on a 6 month assured shorthold tenancy from 29/03/2017 (holding over) £6,420 per annum Flat 3, 2a Henwick Road Reception room, bedroom, kitchen, bathroom/wc Let on a 6 month assured shorthold tenancy from 07/08/2008 (holding over) £5,040 per annum Studio 1, 4 Henwick Road Studio room / kitchen, bathroom/wc. Let on a 6 month assured shorthold tenancy agreement from 28/04/2017 (holding over) £5,160 per annum Studio 2, 4 Henwick Road Studio room / kitchen, bathroom/wc. Let on a 6 month assured shorthold tenancy agreement from 18/05/201 £4,740 per annum Studio 3, 4 Henwick Road Studio room / kitchen, bathroom/wc. Vacant NA Studio 4, 4 Henwick Road Studio room / kitchen, bathroom/wc. Let on a 6 month assured shorthold tenancy agreement from 22/06/2017 (holding over) £5,400 per annum
Planning Planning permission has been granted (subject to the agreement of the section 106) by Worcester City Council (ref: P17K0096) ) for the conversion and extension of the rear building to provide 18 additional self contained flats, as follows: 7 x 1 bedroom flats 3 x Duplex studio flats 8 x Studio flats Copies of the plans and planning permission are available from the auctioneers or viewed on our website.