Property description

Located in a central part of Alcester town, a freehold 3-storey brick built detached investment property, built in the 1960s to provide some A1 & A3 premises, just around the corner from the end of the High Street and opposite Lloyds Bank. The building is currently fully occupied, producing an annual rent of £34,550. The commercial leases are on FR&I terms, which include one of the duplex flats, the two remaining flats are held on ASTs. Schedule of Accommodation: Unit 1 & Flat 1B: Trades as Rooster Fish Bar, 10-year lease running until 2nd August 2019, current rent passing £11,600 p.a. Unit 2: Let to Bainbridge & Hudson, t/a Our Place, rolling tenancy, current rent passing £6,750 p.a. Unit 3: A. D. Flooring (UK) Ltd., 3-year lease, expired 29th July 2014, now a rolling tenancy, current rent passing £4,800 p.a. Flat 1: Assured shorthold tenancy, currently let for £5,400 p.a. Flat 1a: Assured shorthold tenancy, currently let for £6,000 p.a. Located in a central part of Alcester town, a freehold 3-storey brick built detached investment property, built in the 1960s to provide some A1 & A3 premises, just around the corner from the end of the High Street and opposite Lloyds Bank. The building is currently fully occupied, producing an annual rent of £34,550. The commercial leases are on FR&I terms, which include one of the duplex flats, the two remaining flats are held on ASTs. Schedule of Accommodation: Unit 1 & Flat 1B: Trades as Rooster Fish Bar, 10-year lease running until 2nd August 2019, current rent passing £11,600 p.a. Unit 2: Let to Bainbridge & Hudson, t/a Our Place, rolling tenancy, current rent passing £6,750 p.a. Unit 3: A. D. Flooring (UK) Ltd., 3-year lease, expired 29th July 2014, now a rolling tenancy, current rent passing £4,800 p.a. Flat 1: Assured shorthold tenancy, currently let for £5,400 p.a. Flat 1a: Assured shorthold tenancy, currently let for £6,000 p.a. Services: All services are connected to the building. Tenancy Terms: The commercial leases are on full FR&I terms. The domestic tenants are liable for internal decorations. The vendors are responsible for the structure and all external decoration and repairs to the flats. Viewing: Strictly by appointment with the sole selling agents, John Earle on 01564 794343.

Property Features :

• Freehold Commercial Investment Property
• Alcester Town Centre
• Two Lock-Up Shops
• Takeaway Food Premises with Duplex Flat
• Two Assured Shorthold Tenanted Duplex Flats