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55-57 Teme St 758 SF Retail Building Tenbury Wells WR15 8AE $125,544 CAD ($165.63 CAD/SF)



INVESTMENT HIGHLIGHTS
- Investment property - Business Unaffected
- Long Leasehold Interest
- Prime High Street Location
- Car parking available to the rear of the Public Library
EXECUTIVE SUMMARY
Retail, double fronted, Grade II listed shop situated in the picturesque riverside town of Tenbury Wells on the Worcestershire/Shropshire border, in a caught after position in the High Street.
This Greetings Card and Gift Shop is situated in a picturesque riverside town on the Worcestershire/Shropshire border, in a sought after position on the High Street, which hosts on the commercial side a bank, a Chartered Surveyors, three public houses, a pharmacy, a cinema, dentists and optician. The retail sector includes a newsagent, pet shops, confectionery shop, three cafes, hardware stores, electrical goods retailer, jewellers, ladies beauty salon, a vegetable shop, a fish shop, ladies and men's hairdressers, butchers and a Spar convenience store incorporating the Post Office. The shop has street parking outside and opposite, plus further parking in the Tesco store. Car parking is available to the rear of the Public Library, off Teme Street which leads to a free car park next to the swimming pool.
The interest being sold is the unexpired term of 125 years lease granted on the ground floor from 4/11/1992 (unexpired term approximately 94 years). Offers in excess of £67,500.
The shop is occupied by 'Nice Things' gift shop which currently pay £6,000 per annum on a 10 year lease expiring 30th November 2033. A copy of the lease is available for inspection at the agent's office.
This Greetings Card and Gift Shop is situated in a picturesque riverside town on the Worcestershire/Shropshire border, in a sought after position on the High Street, which hosts on the commercial side a bank, a Chartered Surveyors, three public houses, a pharmacy, a cinema, dentists and optician. The retail sector includes a newsagent, pet shops, confectionery shop, three cafes, hardware stores, electrical goods retailer, jewellers, ladies beauty salon, a vegetable shop, a fish shop, ladies and men's hairdressers, butchers and a Spar convenience store incorporating the Post Office. The shop has street parking outside and opposite, plus further parking in the Tesco store. Car parking is available to the rear of the Public Library, off Teme Street which leads to a free car park next to the swimming pool.
The interest being sold is the unexpired term of 125 years lease granted on the ground floor from 4/11/1992 (unexpired term approximately 94 years). Offers in excess of £67,500.
The shop is occupied by 'Nice Things' gift shop which currently pay £6,000 per annum on a 10 year lease expiring 30th November 2033. A copy of the lease is available for inspection at the agent's office.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
758 SF
Building Class
C
Year Built
1950
Price
$125,544 CAD
Price Per SF
$165.63 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.17 AC
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55-57 Teme St
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