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£450,000

23-29 York Street & 1-1A Bridge Street, Stourport-on-severn, Worcestershire DY13 9EH

  • Mixed retail, residential commercial investment
  • Net initial yield of 6.6%
  • Producing net income of £29,650 per annum
  • ERV £33,850 per annum
  • Potential to develop vacant upper floors

LOCATION
The properties are prominently located within Stourport Town Centre at the junction of York Street, and Bridge Street.

Stourport-on-Severn is a town in the civil parish of Wyre Forest within North Worcestershire. Lying on the River Severn, Stourport-on-Severn lies to the west of the A449 and south of the A4456 with Kidderminster lying to the north and Birmingham to the north east.

The town is well connected for transport links with the A449 leading south towards the M5 motorway (junction 6) at Worcester or north towards Kidderminster.

The M5 motorway lying to the south east provides access north towards the M42 and Birmingham whilst leading south through Cheltenham and Gloucester towards Exeter.

Occupiers represented in Stourport include Boots, Heron Frozen Foods, HSBC and Superdrug.


DESCRIPTION
The properties comprise extensive brick built accommodation across four floors, being basement, ground, first and second.

At ground floor there are four retail premises of varying sizes, three of which are currently tenanted on commercial leases and one vacant.
To the first and second floors over Bridge Street, are two self-contained two bedroom flats accessed via a separate roadside doorway, both are Tenanted under ASTs (assured shorthold tenancy agreements).


PLANNING
The upper floors above the York Street premises offer two floors of ancillary accommodation, the floors previously benefitted from full planning consent for four one bedroom flats, reference 11/0435/FULL/11/0436/LIST.

The building benefits at ground floor from A1 (Retail consent) and C3 (Residential) consent above.
The upper floors above the York Street premises previously beneffited from full planning consents for four one bedroom flats, reference: 11/0435/FULL and 11/0436/LIST.

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