Investment For Sale, Malvern

Description

The property comprises two separate retail shops on the ground floor which extend in total to 1,081 sq ft (100.43 sq m). There is residential accommodation above which has been sold off on a long leasehold basis for a term of 125 years from 01/04/2005. The shops operate independently as a cafÈ and hair salon with off street parking available to the front to the hair salon. Unit 1 - 422 sq ft (39.18 sq m) Unit 2 - 659 sq ft (61.25 sq m) The first floor accommodation has been sold off on a long leasehold basis. Tenancies Unit 1 - Trading as Sunbean cafÈ & sunbeds and let for a term of 5 years from 27/02/2024, expiring 26/02/29, at a passing rent of £8,750 pa. Unit 2 - Trading as Luxury Cutz and let for a term of 5 years from 01/03/222, expiring 28/02/27, at a passing rent of £7,500 pa. The combined rental income is £16,250 per annum. Location The property occupies a prominent position on Richmond Road, close to the junction with the A449 Worcester Road. It is situated close to the amenities of Malvern Link which offers a range of independent shops, Co-op supermarket, takeaways, eateries and community facilities. Further and more extensive facilities are available in the neighbouring town of Great Malvern or the city of Worcester.