£175,000
35 Load Street, Bewdley, Worcestershire, DY12 2AS
INVESTMENT OPPORTUNITY - A very prominent, Grade II Listed, mixed-use, freehold property on the corner of Load Street & Park Lane, in what is surely one of the best spots in town! The building is to be sold subject to existing tenancies and long leases and briefly comprises:- * A 57 square metre Shop (Use Class E), let at £9,600 per annum. * Three Residential Flats, in separate ownership, subject to long leases. Flats 1 & 2 with 62 unexpired years remaining and Flat 3 with an extended lease, currently with 153 years left to run. All enquiries to STOURPORT OFFICE 01299 822060
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Property Type
Commercial, Retail
Property Description
INTRODUCTION
Number 35 Load Street is an attractive investment property in landmark location. Please also see the Promap for identification.
AGENTS COMMENTS
Similar commercial premises of such high profile would rarely become available within Bewdley town centre. All viewings are strictly via appointment with the selling agents and the existing business is unaffected by the sale.
LOCATION
Historic Bewdley is an acutely sought after place to live and with special reason. It takes its name from the French words “Beau Lieu” meaning “Beautiful Place” and has been described as the “most perfect small Georgian town in Worcestershire”. This vibrant town is packed with plentiful amenities including a wealth of restaurants/character public houses and is built on the banks of the River Severn, offering a rich and scenic landscape which draws visitors from far and wide the whole year round. Please see the additional photographs illustrating the picturesque general surroundings
THE SHOP PREMISES
The Shop Premises – Currently let at £9,600 per annum until 7 April 2029 (Albeit the tenant has the right to terminate the lease if serving notice at least 6 months before April 2026).
Suitable for a variety of different uses but currently operating as a hairdressing salon as follows:-
• Salon/Retail Area
• Back Room/Office
• Kitchenette
• W.C
• Gardens - see Promap
THE FLATS - all in separate ownership, subject to long leases
All flats pay a £50 per annum ground rent to the freeholder. The service charge is between £250.00 - £300.00 per annum, per flat. All three flats are also responsible for paying their one-third share of the buildings insurance premium, which is paid to MFG Solicitors.
• Flat 1 – Currently with 62 unexpired years remaining on the lease. Land Registry records show that the leasehold interest in the property was last sold for £70,000 on 12 February 2021.
• Flat 2 – Currently with 62 unexpired years remaining on the lease. Land Registry records show that the leasehold interest in the property was last sold for £55,000 on 28 June 2002.
• Flat 3 - Currently with 153 unexpired years remaining on the lease. Land Registry records show that the leasehold interest in the property was last sold for £95,000 on 17 July 2023.
CLASS E EXPLAINED
Under The Town & Country Planning (Use Classes) Order 1987, (Amended) (England) Regulations 2020 this property is classified as part of Class E being set out as follows:-
Use Class E – Commercial, Business and Service – Use, or part use, for all or any of the following purposes—
a) for the display or retail sale of goods, other than hot food, principally to visiting members of the public, (shops – formerly use class A1 includes Post Offices – but not sorting offices – see sui generis)
b) for the sale of food and drink principally to visiting members of the public where consumption of that food and drink is mostly undertaken on the premises, (cafes and restaurants – formerly use class A3)
c) for the provision of the following kinds of services principally to visiting members of the public—
(i) financial services, (banks and building societies – formerly use class A2)
(ii) (ii) professional services (other than health or medical services), or (estate and employment agencies etc. – formerly use class A2)
(iii) any other services which it is appropriate to provide in a
commercial, business or service locality,
d) for indoor sport, recreation, or fitness, not involving motorised vehicles or firearms, principally to visiting members of the public,
e) for the provision of medical or health services, principally to visiting members of the public, except the use of premises attached to the residence of the consultant or practitioner, (Doctors, clinics & health centres, acupuncture clinic etc. (must be medical or health related)) (but not beauticians, nail bars, massage parlours etc. see sui generis – formerly use class D1(a)) ,
f) for a creche, day nursery or day centre, not including a residential use, principally to visiting members of the public,
g) for—
(i) an office to carry out any operational or administrative functions, (Offices – formerly use class B1(a))
(ii) the research and development of products or processes, or (formerly use class B1(b))
(iii) any industrial process, being a use, which can be carried out in any residential area without detriment to the amenity of that area by reason of noise, vibration, smell, fumes, smoke, soot, ash, dust, or grit. (Light Industrial – formerly use class B1(c))
TENURE
Freehold, subject to leases.
SERVICES
Mains water, electricity and drainage are connected.
RATEABLE VALUE FOR SHOP
£7,500
BOUNDARIES
The purchaser shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor's agents will be responsible for defining the boundaries or ownership thereof. The included plan is for identification purposes only.
WAYLEAVES, EASEMENTS AND RIGHTS OF WAY
The property is sold subject to, and with the benefit of, all easements and quasi-easements and rights of way, declared and undeclared and whether mentioned in these particulars or not.
PLANNING
The property is sold subject to any development plan, tree preservation order, town planning schedule, resolution or notice which may be, or become to be, in force, and subject to any road widening or improvement schemes, land charges and statutory provisions or bylaws without any obligation on the vendors to specify them. Our comments do not constitute advice, and prospective purchasers should make their own independent enquiries. The property is Grade II Listed. The Historic England website records the property jointly with number 36 Load Street under a single Listing Entry, 1348273, along with the following description:-
House, now two shops and flats. Early C17, cased 1722, with mid-C19 and some mid-C20 alterations. Timber-frame clad in rendered brick with tile roof. Three storeys, brick coped verges and parapet, bands to first and second floors, central lead drain pipe with decorative rainwater head inscribed "1722/ LR"; four windows: 4-pane boxed sashes; second floor: as first floor; ground floor: central passage entered by partially glazed door, shop front to left: pilastered with brackets to cornice, recessed central entrance with 2-leaf half-glazed door flanked by a 3-pane window each side; shop to right: flat canopy over 3-pane shop window, with entrance to right which has a half-glazed door and overlight. Interior: first floor front room of no 35 has an elaborate plaster ceiling of six panels, four of which retain their decorative scheme, probably early C17; the beams are also plastered; the staircase has a moulded handrail and pierced carved balusters.
AGENTS NOTE
These particulars are prepared in good faith and in the spirit of trying to be helpful and informative. However, our comments do not constitute advice in any way. Prospective purchasers should therefore make their own detailed enquiries in respect of all lease / planning / access / services / building regulations / valuation and legal matters, etc. and we, as Agents, give no guarantee, or warranty, whatsoever.
35 Load Street, Bewdley, Worcestershire, DY12 2AS
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