10 Church St 1,153 sq ft 64% Let Office Property Kidderminster DY10 2AD £175,000 (£151.78/sq ft)

INVESTMENT PROPERTY FOR SALE. Asking Price £175,000. Freehold office premises currently divided into three office suites on the ground, first and second floors with additional basement storage rooms. The four-storey, grade II listed building, is situated in a conservation area. The ground floor, second floor and basement are currently let generating a gross annual income of £11,200 per annum. The first-floor office suite is currently vacant and to let at £5040 per annum, inclusive of service charges. The potential gross income when fully let is £15,200, giving a potential yield of 8.69% before costs. The property is situated in an established professional area of Kidderminster Town centre where neighbouring businesses include HSBC Bank, Solicitors, Dentists and Financial Advisors. Weavers Walk is a short walk with shops including Marks and Spencer, Next, TK Maxx, Boots and JD Sports. The building also offers further potential for change of use to residential subject to necessary consents.
Approximate NIA 214.60 square metre / 2309.09 square feet