Freehold Retail Opportunity and Residential Investment
Comprises shop with two separately accessed 2 bed flats on the upper floors
Immediate asset management opportunities
Busy position in town centre
Nearby occupiers include Co-op Food, Specsavers, Scrivens, Age UK, Sue Ryder and Subway
VAT Free
In the same ownership for over 50 years
Lot 40
Auction 15th May 2025
Rent £12,900 per Annum Exclusive plus vacant shop to be let
Status Available
Guide* Contact Us
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles west of Worcester, 40 miles south west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation
The property is situated in the historic market town of Leominster on the south side of West Street, close to its junction with High Street. Nearby occupiers include Co-op Food, Specsavers, Scrivens, Age UK, Sue Ryder and Subway.
Tenure
Freehold.
Location
Miles
22 miles west of Worcester, 40 miles south west of Birmingham
Roads
A44, A49, A456, M5 (Junction 7)
Rail
Leominster Railway Station
Air
Birmingham International Airport
Situation
The property is situated in the historic market town of Leominster on the south side of West Street, close to its junction with High Street. Nearby occupiers include Co-op Food, Specsavers, Scrivens, Age UK, Sue Ryder and Subway.
Tenure
Freehold.
Description
The property comprises a ground floor shop with two separately accessed two bed flats on the upper two floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with two separately accessed two bed flats on the upper two floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
62.50
(672)
VACANT
First
Residential 2 Bed Flat
57.04
(614)
INDIVIDUAL
6 month AST from 22/04/2022
£6,000
Second
Residential 2 Bed Flat
57.97
(624)
INDIVIDUAL
6 month AST from 08/12/2024
£6,900
Total
177.51
(1,910) (1)
£12,900
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). The residential floor areas are provided by the EPC's.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
