Load Street, Bewdley, Worcestershire, DY12

£595,000

Guide price

FOR SALE BY AUCTION: A fantastic mixed use investment opportunity occupying a prime position in the centre of Bewdley and further comprising four retail units, commercial office space and three flats with a beautifully landscaped garden area and car park to the rear.

FOR SALE BY AUCTION: A fantastic mixed use investment opportunity occupying a prime position in the centre of Bewdley and further comprising four retail units, commercial office space and three flats with a beautifully landscaped garden area and car park to the rear.

PROPERTY DESCRIPTION

FOR SALE BY TRADITIONAL AUCTION – BIDDING CLOSES AT 2PM ON TUESDAY 9TH JANUARY 2024 – FOR FURTHER INFORMATION ABOUT THIS METHOD OF SALE AND TO REGISTER TO BID PLEASE VISIT THE AUCTION SECTION OF OUR AGENCY WEBSITE.

70 Load Street:

Unit 1 – ground floor: shop front, shop rear, rear hall with garden access, store room, small kitchen, WC and cellar.

Unit 2 – ground floor: shop front, inner hall with storage, shop rear, small kitchen, WC and cellar.

Flat 1 – first and second floors: hall, lounge, kitchen, two bedrooms, bathroom and gas central heating.

Flat 2 – first and second floors: hall, lounge, dining kitchen, snug/study, utility room, WC, three bedrooms, two bathrooms and gas central heating.

71 Load Street:

Unit 3 (front) – ground floor: shop front, additional rear access, access to small communal kitchen and WC.

Unit 3 (rear) – ground floor: shop/office to rear, access to rear garden and access to small communal kitchen and WC.

3a & 3b – first floor: office space front, office space rear, small kitchen and WC.

Flat 4 – second floor: kitchen, lounge, bedroom, bathroom and gas central heating.

Outside:

The property enjoys a rear car park accessed via Dog Lane, together with a beautifully landscaped garden to include patios and attractively stocked shrub areas.

Rental Income:

Unit 1, 70 Load Street plus one parking space- £10,980 pa

Unit 2, 70 Load Street plus one parking space- £7800 pa

Unit 3 – front, 71 Load Street – £7200 pa

Unit 3 – rear, 71 Load Street – currently vacant

3a & 3b, 71 Load Street – currently vacant

Flat 1, 70 Load Street plus one parking space – £7200 pa

Flat 2, 70 Load Street – currently occupied by the owner

Flat 4, 71 Load Street plus two parking spaces – £7200 pa

Fully occupied, it is feasible to expect a return of between £55,000 and £60,000 per annum, representing a yield of between 9% and 10% based upon the current guide price.

Location:

Situated on the banks of the River Severn and the edge of the Wyre Forest, Bewdley was once described as “the most perfect small town in Worcestershire”. The town enjoys a good choice of pubs, cafes and restaurants along with small independent shops, craft studios, a brewery, local museum, a selection of sports clubs and a number of churches. Being approximately 20 miles south west of Birmingham and 15 miles north of Worcester, Bewdley is served by a good motorway network with excellent links to the M5, M6, M40 and M42, Birmingham International Airport is approximately 45 minutes away and the main line train station in Kidderminster has regular services to and from Worcester, Malvern, Birmingham and London.

Tenure:

Freehold

Services:

All mains services are connected to the building

Local Authority:

Wyre Forest District Council

Council Tax:

Flats 1 & 2, 70 Load Street – B

Flat 4, 71 Load Street – A

Rateable Value:

Unit 1, 70 Load Street - £6400 pa

Unit 2, 70 Load Street - £5400 pa

Unit 3 – front, 71 Load Street – £4900 pa

Unit 3 – rear, 71 Load Street – £2300 pa

3a & 3b, 71 Load Street - £4000 pa (previous rating as of September 2022)

Please bear in mind that due to the flexible nature of these commercial spaces, the above values are potentially subject to change.

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.