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3-5 Church St 915 sq ft Retail Property Malvern WR14 2AA £850,000 (£928.96/sq ft) 6.80% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Mixed use investment property
- Centrally located in Great Malvern
- Comprising five flats and commercial premises
EXECUTIVE SUMMARY
The commercial premises is currently let on a lease dated 28 March 2023 for a term of 10 years from 1st April 2023 and ending on 31st March 2033 at a rent of £18,000 per annum, with a break clause dated 1st April 2024 and 1st April 2028, and rent review date of 1st April 2028 with reference to RPI. A copy of the lease is available upon request.
The five flats are let on standard Assured Shorthold Tenancies.
The five flats are let on standard Assured Shorthold Tenancies.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
915 sq ft
Costar Property Class
B
Year Built
1890
Price
£850,000
Price per sq ft
£928.96
Yield
6.80%
NOI
£57,840
Tenancy
Single
Number of Floors
1
Plot ratio
0.19
Total Plot Size
0.11 ac
Frontage
22 ft on Church Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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3-5 Church St
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