Investment property for sale An attractive and individual landmark building located at the heart of Great Malvern offering saleshop premises, living accommodation and restaurant subject to ongoing leases

INVESTMENT PROPERTY FOR SALE AN ATTRACTIVE AND INDIVIDUAL LANDMARK BUILDING LOCATED AT THE HEART OF GREAT MALVERN OFFERING SALESHOP PREMISES, LIVING ACCOMMODATION AND RESTAURANT SUBJECT TO ONGOING LEASES.

Location & Descripton:

COMMERCIAL/RESIDENTIAL/INVESTMENT PROPERTY

A most attractive and individual Grade II listed building of wide appeal situated at the heart of Great Malvern close to The Abbey and the Post Office.

The premises offer very well appointed two bedroomed accommodation. The saleshop premises have been in use since 1830 as a butchers business and are currently subject to an ongoing lease.

The property also includes restaurant premises currently let on lease and producing a useful income.

This highly distinctive Victorian building is located adjacent to The Abbey Gateway and only a few minutes walk from all the amenities available within Great Malvern including shops, banks, Waitrose and Somerfield supermarkets, the Theatre and Cinema complex, the Splash Leisure Pool and Gymnasium and Manor Park Tennis centre.

The accommodation comprises:

Saleshop:

4.34m (14ft 3in) x 8.76m (28ft 9in)

With walk-in fridge and freezer.

Office: 5.46m (17ft 11in) x 1.93m (6ft 4in)

Preparation Room: 9.09m (29ft 10in) x 3.51m (11ft 6in)

Inner Lobby:

3.28m (10ft 9in) x 1.75m (5ft 9in)

With basin.

Preparation/Packing Room: 9.09m (29ft 10in) x 3.51m (11ft 6in)

Store Room: 3.71m (12ft 2in) x 3.38m (11ft 1in)

Vaulted Store: 4.29m (14ft 1in) x 2.34m (7ft 8in)

Vaulted Store 2:

4.14m (13ft 7in) x 1.98m (6ft 6in)

To the rear is a yard with access to:

Walk-in Freezer:

5.64m (18ft 6in) x 3.05m (10ft 0in)

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THE RESTAURANT PREMISES COMPRISE:

Restaurant:

6.25m (20ft 6in) x 5.33m (17ft 6in)

With attractive glazed frontage and central doorway. Access to:

Rear Restaurant Section: 6.4m (21ft 0in) x 3.28m (10ft 9in)

Cloakrooms

Store Room.:

2.9m (9ft 6in) x 2.06m (6ft 9in)

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THE APARTMENT COMPRISES:

Reception Hall:

With attractive staircase to first floor.

Landing:

Central heating radiator. Dado rail. Cornicing to ceiling. Built-in dresser with shelved cupboard and three drawers.

Living Room:

5.49m (18ft 0in) x 5.38m (17ft 8in)

Fireplace with gas point. Dado rail. Raised skirtings. Cornicing to ceiling. Central heating radiator. T.V. point. Attractive original bay window with external railings and views to the Malvern Hills.

Breakfast Room/Kitchen:

3.35m (11ft 0in) x 2.84m (9ft 4in)

With excellent range of fitted units. Single drainer sink with undercupboard. Fitted base unit. Four drawer units. Integral DISHWASHER and REFRIGERATOR. Plumbing for washing machine. INTEGRAL OVEN and FOUR RING GAS HOB with EXTRACTOR FAN above. Extensive work surfaces with tiled surrounds. Ceramic tiled floor. Radiator. Six eye level cupboards.

Bedroom 1:

3.96m (13ft 0in) x 3.71m (12ft 2in)

With corniced ceiling. Central heating radiator. Access to:

En Suite Shower Room:

With white suite and large double walk-in shower cubicle. Low suite W.C. Pedestal wash basin. Half tiling. Central heating radiator/towel rail. Electric shaver point. Extractor fan. Ceramic tiled floor.

Bedroom 2:

3.51m (11ft 6in) x 3.51m (11ft 6in)

Radiator. Cornice ceiling.

Bathroom:

With panelled bath. Low suite W.C. Pedestal wash basin. Ceramic tiled floor. Half tiling. Ferrolli gas fired central heating boiler. Extractor fan. Radiator.

Outside:

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. The property is offered for sale subject to the ongoing leases:

Lease Terms

The Saleshop is let to James Torrance and Diane Jean Styger for a term of 5 years from February, 2008 at a rent of £14,560 per annum exclusive.

The Restaurant Premises are held on a lease for a term of 12 years commencing January 1, 2000 at a rent of £13,000 per annum exclusive.

The Apartment is currently let on an assured shorthold tenancy agreement to James Torrance and Diane Styger at a rent of £550 per month exclusive.

VIEWING

By appointment to be made through the Agent's Ledbury Office (Tel. 01531 634648)

OUTGOINGS

The Apartment

Council Tax Band B

The Restaurant

Rateable Value £7,500.00

Rates Payable £2,508.80 (2008/09)

Shop Premises

Rateable Value £3,350.00

Rates Payable £1,534.30 (2008/09)

(This information may have been obtained by telephone call only and applicants are advised to consider obtaining written confirmation).