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Jesmond House 2 Market Street Arcade 1,536 sq ft Retail Property Tenbury Wells WR15 8BQ £400,000 (£260.42/sq ft) 10.76% Net Initial Yield
Investment Highlights
- Fully-Let Residential and Commercial Investment Property For Sale
- Town centre location in Tenbury Wells, Worcestershire
- 3 x 2-bedroom apartments, 1 x 1-bedroom apartment, 1 x studio apartment and 1 x commercial unit
Executive Summary
The property comprises a mid terrace building set out over basement, ground, first and second floors. The five residential apartments are set out over first and second floors with a commercial unit, currently occupied by Unwined Bar & Bistro, fully refurbished by the tenant in 2020, laid out over ground floor. Lease expiry 10 December 2030. The property also has a cellar/basement. However, access to the basement has been sealed off by the occupying commercial tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,536 sq ft
Costar Property Class
C
Year Built
1850
Price
£400,000
Price per sq ft
£260.42
Yield
10.76%
NOI
£43,060
Tenancy
Single
Number of Floors
3
Plot ratio
0.37
Total Plot Size
0.10 ac
Frontage
44 ft on Market Street
Amenities
- EPC - B
- EPC - C
- EPC - D
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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Jesmond House | 2 Market Street Arcade
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