Lot 10 Click here for addendum
Commercial Investment
Gross Yield 10.7%
6 Week Completion
Situation
Located at the junction with Park Lane and High Street in the heart of the town centre nearby such multiples as The Co-operative Food, Coral, The Co-operative Funeralcare, Grape Tree, Tesco Express and McColls and a variety of independent retailers.
Bewdley is an historic, picturesque town, popular with tourists, approximately 3 miles west of Kidderminster and 20 miles south-west of Birmingham, enjoying good road access via the A456 which leads to the M5 (Junction 3).
Property
Forming part of a Grade II Listed mid terrace building comprising a Ground Floor Shop.
Accommodation
Ground Floor Shop
Gross Frontage 16'11"
Internal Width 11'11"
Shop Depth 42'11"
Built Depth 60'2"
2 WCs
VAT is NOT applicable to this Lot
Tenure
Leasehold for a term of 999 years from completion at a peppercorn ground rent.
Tenancy
The property is let on a full repairing and insuring lease (by way of service charge) to S. Talbot-Newell as a Tattoo Studio for a term of 6 years from 8th November 2016 at a current rent of £7,000 per annum exclusive.
Rent Review 2019 (not actioned)
Note: If Lot 1 (Freehold of 36 Load Street) does not sell in the auction, this Lot will be immediately withdrawn even if the reserve price has been met.