• Size:
    2,437 sq ft / 226 sq m
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Flats
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

LOT 3 - Bell Yard Apartments, Courtyard and Garden Area

The property comprises a brick built three-storey apartment block with basement and communal entrance. Accommodation in each apartment is made up of a single bedroom, living area, kitchen and bathroom. Please see the floor plans below. There is a fire escape to the rear courtyard.

Flat 1 on the ground floor benefits from an external independent access. The kitchen includes fitted units and larder cupboard, whilst the bathroom benefits from WC, wash hand basin, bath and airing cupboard. Flat 2 is accessed internally via the lobby stairs to the first floor. It includes a kitchen with fitted units and a bathroom with basin, WC, bath and airing cupboard. There is a single bedroom with fitted wardrobe. Flat 3 is located on the second floor and accessible via the lobby stairs. The sizes are that of Flat 2, with kitchen and fitted units, bathroom with airing cupboard, wash hand basin and WC and bedroom with fitted wardrobe.

All properties benefit from mains electricity, water and drainage. The properties are heated by electric with night storage heating.

The passing rent is £15,000 per annum.

High Street Investment and Residential Development Opportunity (Subject to Planning). Scope for rental growth and asset management potential.

The sale presents a unique opportunity to acquire a prominent freehold site extending to 0.85 acres (0.34 ha) within single ownership providing both an investment and development opportunity (subject to planning) in the Tenbury Wells. The property has been divided into six Lots (offered as a whole or in part) comprising a mixture of office and retail space, residential flat and housing accommodation and workshops with storage. 15 Market Street is a multi-use brick and slate-roof building comprising an undertakers' reception shop front, ground and first floor offices, retail hardware store and trade sales area with storage. 19 and 19A Market Street comprise a historic former public house which is now a Cottage (19A) and a corner plot retail premises with street frontage. Flats 1, 2 & 3 Bell Yard are situated in a three storey brick-built apartment block providing 3no. one-bedroom flats. To the rear and adjoining these is a builders merchants and associated yard with access off Market Street.

Properties included in the sale are:
1. Builders Merchants, Yard (part), Home Improvements Centre, Funeral Shop Front. Guide Price £650,000
2. Chapel of Rest Building, Mortuary, Storage. Guide Price £200,000
3. Bell Yard Apartments. Guide Price £225,000
4. 19 and 19a Market Street Retail Shop and Residential Dwelling House. Guide Price £260,000
5. Workshops (Former Stables). Guide Price £75,000
6. Woodworking shop, yard and storage. £90,000

A detailed information pack has been prepared containing photographs of the properties, floor plans and building information.

Location

This substantial range of properties are located along Market Street within the rural market town of Tenbury Wells, Worcestershire. The town is set in a picturesque location surrounded by prominent hop-fields and the River Teme dividing the town. Tenbury Wells possesses a sought-after location on the borders of three counties with Kidderminster 18 miles away and Worcester and Hereford both within 22 miles. The traditional market town of Ludlow is within 10 miles, well known for its historic Castle, fine restaurants and Food Festival.

Terms

The properties are offered For Sale as a Whole or in the aforementioned Lots. Guide Price £1,500,000 (whole).

Services

We understand the site is serviced by all mains services, however purchasers should undertake their own investigations in this regard. There is a Western Power Distribution electricity substation at the rear of 17 Market Street which is subject to access rights.

EPC

Flat 1, Bell Yard - Band E 40
Flat 2, Bell Yard - Band E 40
Flat 3, Bell Yard - Band E 48

* Investment / Development Opportunity (STP)
* Commercial and Residential Aspects
* Superb location with Street Frontage
* Passing rent of £15,000 per annum.