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1 Worcester Road
Ledbury
Herefordshire
HR8 1DS
Offers Based On: £599,000 Freehold
BUSINESS UNAFFECTED
AN ATTRACTIVE AND SUBSTANTIAL COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY ENJOYING A PROMINENT CORNER LOCATION IN THE CENTRE OF LEDBURY.
Location & Description:
A prominently situated commercial/residential investment property occupying a prime commercial situation on the corner of High Street and Worcester Road.
The attractive premises feature a double fronted ground floor saleshop occupying a highly prominent location at the main crossroads within the town centre. On the other two floors are four self-contained flats.
The premises are offered for sale subject to a new 10 year lease in favour of the current occupants, Ledbury Books and Maps, who have traded from the premises for over 20 years. The four flats are all let on assured shorthold tenancies.
The property is situated within the conservation area of Ledbury and is a Grade II listed building. Ledbury is a thriving and busy country town situated within easy travelling distance of the three cities of Hereford, Worcester and Gloucester (each approximately 16 miles) and Great Malvern is only 8 miles. The town is within a busy tourist area and serves a large rural population. The M50/M5 motorway network is available 4 miles to the south of the town.
The premises comprise:
ON THE GROUND FLOOR
SALESHOP in three sections comprising:
FRONT SALESHOP AREA 21'2 x 15'4
With twin projecting window displays and inset glazed door. A step leads up to:
CENTRAL SALES AREA 20'10 x 17'3
Which in turn leads through to the:
REAR SECTION 14'3 x 10'
OFFICE 12'5 x 11'
KITCHENETTE 14'8 x 7'
With sink unit, under cupboards and fitted wall cupboards. Rear fire exit
CLOAKROOM
With fitted wall cupboards, base unit incorporating wash basin, low suite W.C.
Access to Cellar.
ON THE FIRST FLOOR
FLAT 1
Hall, Lounge, Dining Kitchen, Bedroom, Bathroom
FLAT 2
Hall, Living Room, Kitchen, Bedroom, Bathroom
ON THE SECOND FLOOR
FLAT 3
Hall, Lounge, Dining Kitchen, Bedroom, Bathroom
FLAT 4
Hall, Lounge, Breakfast Kitchen, Two Bedrooms, Bathroom.
Outside:
The property has the benefit of a pedestrian right of way to the rear of the premises.
SERVICES
We have been advised that mains electricity, gas, water and drainage are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant authorities. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending purchasers are advised to satisfy themselves where necessary.
TENURE
The property is freehold subject to the ongoing tenancies as described.
OUTGOINGS
Shop Premises Rateable Value £11,750
Flats 1 - 4 Each of the flats has Council Tax Banding A
(This information may have been obtained by telephone call only and applicants are advised to consider obtaining written confirmation).
VIEWING
By appointment to be made through the Agent's Ledbury Office (Tel. 01531 634648). Initially applicants will be invited to inspect the ground floor premises. If applicants are seriously interested in the properties appointments will be made with the individual tenants to inspect the flats at the convenience of the tenants.
TENANCIES
Each of the flats is let on an assured shorthold tenancy. The current rents are:
Flat 1 £450 per month exclusive
Flat 2 £400 per month exclusive
Flat 3 £350 per month exclusive
Flat 4 £475 per month exclusive
The Saleshop
Ledbury Books and Maps propose to take a 10 year internal repairing lease in respect of the saleshop premises subject to a break clause in favour of the tenant as at May 2010. Commencing rent to be £15,000 per annum exclusive.
PRICE Offers Invited Based on £599,000
PLEASE NOTE: The two storey brick built warehouse situated to the rear of the property and measuring approximately 14' x 9' could be available for purchase by separate negotiation.
Ground Floor:
Not to Scale-for identification only.
First Floor:
Second Floor:
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