Retail premises for sale

Freehold investment opportunity comprising ground floor retail premises and a one bedroom apartment above, each with parking for one vehicle.

Property
98/98a Barbourne Road consists of a prominent ground floor shop, with a separate one bedroom flat above. Both the shop and the flat each benefit from a private car parking space to the rear. Certain adjoining planting and patio areas also fall within this freehold title.

Shop: The tenanted shop operates as an established bridal boutique and benefits from extremely good visibility from the adjoining road. The shop is predominantly an open-plan space, with private changing area and WC to the rear. The business is unaffected by this freehold sale.

Flat: Accessed via external steps to the rear of the building, the one bedroom flat is decorated to an excellent standard throughout and includes a large lounge, double bedroom, bathroom with shower over bath, and beautiful fitted kitchen.

Location
Barbourne is a suburb of Worcester lying to the north of Worcester city centre and east of the River Severn; it is a popular residential area for families, young professionals and those of retirement age.

Nearby occupiers include: Sainsbury's Local supermarket, an opticians, bicycle shops, local estate agents, various independent restaurants and takeaways, independent hairdressers and beauty salons. The property is opposite the popular Gheluvelt Park.

Tenancies
We understand that the property is being sold freehold, subject to a long-form assured shorthold tenancy on the first floor flat ending April 2028, with a commercial lease of the ground floor shop ending February 2027.

It is understood that both tenancies contain provision for rent reviews. The total rent revenue is £16,100 per annum, split as follows:

Ground floor shop - £8,900 per annum
First floor flat - £7,200 per annum

Freehold Guide Price
£240,000

Planning
The Buyer should rely on its own enquiries of the local planning authority.

Value added tax
It is understood that VAT is not chargeable in respect of this transaction.

Energy Performance
It is understood that the ground floor shop has a performance rating of G and the first floor flat a performance rating of D.

Business Rates / Council Tax
Buyer to rely on its own enquiries of the voa and/or local authority.

Costs
Each party to bear their own legal costs.

Viewing
All viewings strictly by prior arrangement with the Agent.