Office For Sale Lot 1, 15 19 19a Market Street And Bell Yard, Leominster, United Kingdom, WR15 8BH

LOT 1 - Builders Merchants, Yard, Home Improvements Centre, Funeral Shop Front, Offices and Parking

The builders yard comprises a large tarmac area providing building material storage and circulation space. There are bays for builders' sand, stone, and gravel. The Yard also provides access and parking for the rear of the trade store, Chapel of Rest and further open storage and workshop areas. It also provides access to adjoining properties, as well as a right of way to Belle Orchard House and to rear of Wills Auto Car Repairs (access licence subject to annual payment of £140 per annum) which are both under separate ownership. The access, parking and hard standing extends to approximately 0.47 acres (0.19 ha).
To the rear is an Electricity Substation owned by Western Power Distribution which is located within the Yard area and is subject to access rights. 17 Market Street (third party owned and excluded from the sale) benefit from a pedestrian right of way. There is also a strip of land to the East of site which is subject to a proposed flood defence scheme by the Environment Agency.

15 Market Street is a brick-built building with dual-pitched slate roof arranged over two floors with bay and sash windows on the first floor, and display windows with street frontage at the ground level. In addition to the street frontage, there is a dropped kerb, double gates and front courtyard sales area, with parking via the Yard to the rear. The building has been extended to the rear with a timber-clad and profile sheet structure.
On the ground floor there is a Home Improvements Centre / Hardware Store consisting of large shop floor with further retail sale areas and additional outdoor storage. At the first-floor is a large open plan storage room with exposed timber roof trusses and windows overlooking Market Street, with potential for mezzanine floor above within the truss frame. We're advised by the Vendors that the slate roof has been recently replaced. Forming part of 15 Market Street is the funeral business which is described separately below.

Further to the aforementioned Home Improvements Centre, 15 Market Street is currently occupied by the Family Undertakers and Funeral Service. The brick exterior extends over a retail shop front with glazed window, steps to front reception with counter and visitor seating. To the rear via the hallway is an office space with painted walls, wall-mounted gas fired combi boiler, fluorescent tube lighting. A window and fire escape door lead to a small rear courtyard with side access gate.
Leading from the ground floor hallway upstairs to the first floor there are three offices, one overlooking the High Street above the shop front and others located to the rear. There is also access to a rear office via a raised steel walkway. In this area is a kitchenette with sink and fitted units and staff toilets.

The sale of this lot will be subject to various reserved rights of access and third party use benefitting other lots offered. We envisage no third party use in the right hand (eastern) section of the yard up to the dashed line and would propose this is for the exclusive use of the purchaser of Lot 1. The western section of the yard may be subject to shared access, parking allocation and other rights - to be confirmed.

Location

This substantial range of properties are located along Market Street within the rural market town of Tenbury Wells, Worcestershire. The town is set in a picturesque location surrounded by prominent hop-fields and the River Teme dividing the town. Tenbury Wells possesses a sought-after location on the borders of three counties with Kidderminster 18 miles away and Worcester and Hereford both within 22 miles. The traditional market town of Ludlow is within 10 miles, well known for its historic Castle, fine restaurants and Food Festival.

Terms

Freehold (owner-occupied). Offered with Vacant Possession.

The properties are offered For Sale as a Whole or in the aforementioned Lots. Guide Price - £650,000 (Lot) // £1,500,000 (whole).

Services

We understand the site is serviced by all mains services, however purchasers should undertake their own investigations in this regard. There is a Western Power Distribution electricity substation at the rear of 17 Market Street which is subject to access rights.

EPC

Band E (122)

* Investment / Development Opportunity (STP)
* Commercial and Residential Aspects
* Superb location with Street Frontage
* Over £26,000 per annum passing rent