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Under Offer
Investment, Offices, Malvern, WR14

59 & 59A Church Street
Malvern
Worcestershire

WR14 2AA

Reference 2040326

Type Investment, Offices, , High Street

Tenure Freehold

Size1,902 sq ft (177 sq m)

Freehold: £295,000

Contact LSH Surveyor

Ankur Chadha commercial property consultant birmingham
Ankur Chadha
Associate Director - Capital Markets

0121 237 2367

Description

•RETAIL INVESTMENT AND RESIDENTIAL DEVELOPMENT OPPORTUNITY

Investment Summary

- Located in the heart of the historic spa town of Malvern.
- Ground floor retail unit let to Shaw Trust Limited on a 10 year lease from 24th June 2012 at a rent of £15,000 p.a.
- Separately accessed vacant office space with full planning permission to convert to a two-bedroom apartment.
- Shaw Trust Limited is a substantial covenant with pre tax profits of £38 million and net assets of £114 million Y/E 31/03/2017.
- Freehold.
- We are seeking offers in the region of £295,000 (Two Hundred and Ninety Five Thousand Pounds) for the freehold interest, subject to contract.

The property comprises a three storey end of terrace, providing a retail unit over ground floor and self contained offices to 1st and 2nd floors accessed independently to the rear.

The office accommodation comprises a reception office, storage, open plan office, kitchenette and two further offices over ground, first and second floors.

Planning:
Ground Floor Retail: A1 ; Offices: B1
App No: 18/00391/FUL - Permission granted for the development of vacant office space to 2 bedroom apartment. Further plans are available upon request.

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