Your email has been sent.
21a Alcester Rd 2,042 sq ft Retail Unit Offered at £300,000 in Studley B80 7AG
Investment Highlights
- Former showroom with flat above
- Part let Freehold Investment
- Potential to convert part of the uppers to an alternative use STP
Executive Summary
The property comprises a two floor building providing retail accommodation at ground level. The property is of reinforced concrete construction with a flat roof design. The property is situated fronting Alcester Road with a return to Bell Lane immediately opposite the Co-op convenience store to the centre of the Warwickshire village of Studley within the main shopping parade and surrounded by residential housing estates. Studley is a large village and civil parish in the Stratfordon-Avon district of Warwickshire, situated on the western edge of Warwickshire near the border with Worcestershire, approximately 3.5 miles southeast of Redditch and 13 miles northwest of Stratford-upon-Avon. The A435, passes through the village on its eastern edge and provides direct, easy access to Birmingham to the north and Alcester to the south and connections to the M42 motorway at Junction 3. Redditch railway station is situated approximately 3.2 miles to the northwest of the Property. From Redditch there are direct services to Barnt Green (11 mins), Kings Norton (26 mins) and Birmingham New Street (45 mins). Birmingham Airport is situated approximately 14 miles to the northeast of the Property. The United Kingdom Census 2021 reported Studley’s population as being 6,040.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment or Owner Occupier | Tenure | Freehold |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
The commercial element is arranged over ground and part first floor (front) as a former kitchen showroom providing a generous sized retail area with great potential and a partitioned WC facility along with separate rear access.
The first floor (front) which is accessed internally through the retail unit is in a shell condition part way through conversion.
The remainder of the first floor (rear) and accessed off Bell Lane is a self-contained one bedroom residential flat with separate covered stair access. The flat provides bedroom, living room with access to a balcony overlooking Bell Lane, bathroom and kitchen. Externally, to the rear and accessed off Bell Lane is a garage with a roller shutter loading door used for storage to the retail unit.
The first floor flat is occupied by way of an Assured Shorthold Tenancy Agreement at a rent of £495.00 per calendar month (£5,940 per annum). We do not hold a copy of the tenancy agreement but understand the tenant has been in occupation for several years.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 21A | 2,042 sq ft | Retail | £300,000 (£146.91/sq ft) | - |
Unit 21A
| Unit Size |
| 2,042 sq ft |
| Unit Use |
| Retail |
| Price |
| £300,000 (£146.91/sq ft) |
| NOI |
| - |
Unit 21A
| Unit Size | 2,042 sq ft |
| Unit Use | Retail |
| Price | £300,000 (£146.91/sq ft) |
| NOI | - |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
| Description | |
| The property comprises a one and two storey brick built mid-terrace arranged as a mixed commercial and residential building beneath a flat roof. <br> <br> The commercial element is arranged over ground and part first floor (front) as a former kitchen showroom providing a generous sized retail area with great potential and a partitioned WC facility along with separate rear access. <br> <br> The first floor (front) which is accessed internally through the retail unit is in a shell condition part way through conversion. <br> <br> The remainder of the first floor (rear) and accessed off Bell Lane is a self-contained one bedroom residential flat with separate covered stair access. The flat provides bedroom, living room with access to a balcony overlooking Bell Lane, bathroom and kitchen. Externally, to the rear and accessed off Bell Lane is a garage with a roller shutter loading door used for storage to the retail unit.</li></ul> | |
| Sale Notes | |
| Vacant ground and first floor former showroom.<br> <br> The first floor flat is occupied by way of an Assured Shorthold Tenancy Agreement at a rent of £495.00 per calendar month (£5,940 per annum). We do not hold a copy of the tenancy agreement but understand the tenant has been in occupation for several years.</li></ul> |
Property Facts
| Total Property Size | 8,860 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 4,760 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1960 |
| Costar Property Class | B | Total Plot Size | 0.11 ac |
| Total Property Size | 8,860 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 4,760 sq ft |
| Year Built | 1960 |
| Total Plot Size | 0.11 ac |
Nearby Major Retailers
Presented by
21a Alcester Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.