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Prezzo 20-24 Belle Vue Ter 3,292 sq ft Retail Property Malvern WR14 4PZ £775,000 (£235.42/sq ft)
Investment Highlights
- Income producing
- Good location
- Good frontage
Executive Summary
Long leasehold investment opportunity, the property comprises of a ground floor restaurant/bar with residential upper floors. The property is sub-let to Loungers (UK) Ltd on a 25 year effectively fully repairing and insuring lease from 05 October 2015 expiring 04 October 2040. The property is subject to 5 yearly upward only rent reviews with the next rent review due 05 October 2025. All terms relating to the 999-year lease are mirrored in the occupational lease.
The property is also available as part of a portfolio sale comprising of 9 properties with a combined income of £552,562 with opportunity to increase to £610,062 pa. The portfolio is available to purchase for £7,500,000.
The property is also available as part of a portfolio sale comprising of 9 properties with a combined income of £552,562 with opportunity to increase to £610,062 pa. The portfolio is available to purchase for £7,500,000.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Restaurant
Property Size
3,292 sq ft
Costar Property Class
C
Year Built
1905
Price
£775,000
Price per sq ft
£235.42
Tenancy
Single
Number of Floors
1
Plot ratio
0.31
Total Plot Size
0.24 ac
Frontage
32 ft on Bellevue Terrace
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Nearby Major Retailers
1 of 7
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Prezzo | 20-24 Belle Vue Ter
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