29 High Street Stourport West Midlands DY13 8BE

29 High Street
Stourport
West Midlands
DY13 8BE

Freehold Retail Investment and Vacant Upper Parts

  • Let to St Richard’s Hospice Foundation
  • Prominent position on Stourport-on-Severn prime retail thoroughfare
  • Residential development potential on the upper parts (subject to consents)
  • Nearby occupiers include WH Smith (adjacent), HSBC (opposite), Barclays, Boots, Heron, Specsavers, Superdrug and Betfred
  • Lot
    65
  • Auction
    7th December 2017
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £200,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment and Vacant Upper Parts

  • Let to St Richard’s Hospice Foundation
  • Prominent position on Stourport-on-Severn prime retail thoroughfare
  • Residential development potential on the upper parts (subject to consents)
  • Nearby occupiers include WH Smith (adjacent), HSBC (opposite), Barclays, Boots, Heron, Specsavers, Superdrug and Betfred
  • Lot 65
  • Auction 7th December 2017
  • Rent
  • Status Sold
  • Price £200,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles south-west of Birmingham, 10 miles north of Worcester
Roads
A451, A449
Rail
Kidderminster Railway Station
Air
Birmingham Airport
Situation

Stourport-on-Severn is a popular tourist town located less than 4 miles south of Kidderminster and some 10 miles north of Worcester. The property is prominently situated in a good trading position on the south side of High Street, adjacent to WH Smith. Other nearby occupiers include Barclays Bank, Boots, Domino’s, Specsavers and Ladbrokes.

Tenure

Freehold.

Location
Miles
16 miles south-west of Birmingham, 10 miles north of Worcester
Roads
A451, A449
Rail
Kidderminster Railway Station
Air
Birmingham Airport
Situation

Stourport-on-Severn is a popular tourist town located less than 4 miles south of Kidderminster and some 10 miles north of Worcester. The property is prominently situated in a good trading position on the south side of High Street, adjacent to WH Smith. Other nearby occupiers include Barclays Bank, Boots, Domino’s, Specsavers and Ladbrokes.

Tenure

Freehold.

Description

The property is an attractive terrace building with retail accommodation on the ground floor and former residential accommodation on the first floor. The property is Grade II listed and currently has no internal access to the upper floors.

VAT

VAT is applicable to this lot.

Planning

(1) The property has historic planning consent under reference 07/0480 and listed building consent under reference 07/0722 to convert the upper parts to two residential flats. The consents have now lapsed. Copies of the historic consents are available within the legal packs.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is an attractive terrace building with retail accommodation on the ground floor and former residential accommodation on the first floor. The property is Grade II listed and currently has no internal access to the upper floors.

VAT

VAT is applicable to this lot.

Planning

(1) The property has historic planning consent under reference 07/0480 and listed building consent under reference 07/0722 to convert the upper parts to two residential flats. The consents have now lapsed. Copies of the historic consents are available within the legal packs.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground Retail/
Ancillary
109 sq m
(1,173 sq ft)
ST RICHARD’S
HOSPICE
FOUNDATION (1)
10 years from
16/03/2012
£15,000 15/03/2022
First and
Second
Former
Residential
Not measured
VACANT
POSSESSION
     
Totals
109 sq m
(1,173 sq ft)
    £15,000  

(1) For the year ending 31st March 2016, St. Richard’s Hospice Foundation reported a pre-tax profit of £584,685 and a total net worth of £13,133,480 (Source: Experian Group 26/10/2017). St. Richard’s trade from 19 shops across Worcestershire (Source: www.strichards.org.uk).

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Tyndallwoods Solicitors 29 Woodburne Road
Birmingham
B17 8BY
Ian Butler 0121 693 2222ibutler@tyndallwoods.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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