Property Description

DRAFT DETAILS A substantial freehold three storey building comprising five apartments above a commercial premises (previously sold off on a 999 year lease). The building is centrally located along the High Street of Upton Upon Severn, within an area of mainly local retailers along with upmarket residential property. There is also local bus and road links to nearby Worcester and Tewkesbury. The ground floor commercial premises were sold off on a 999 year lease subject to a peppercorn ground rent. All residential properties are offered with vacant possession. We are informed by the vendor the apartments were previously let producing an income of £2,850 per calendar month. The accommodation is laid out over the first and second floor with separate access by a secure door fronting High Street leading to a hallway with period tiled floor. Upon inspection we noted some works had been carried out throughout the building by the current vendor who verbally advised that electrical and plumbing upgrades had recently been undertaken along with some plastering. We feel that with some refurbishments the apartments could be let for circa £3,000 per calendar month and perhaps more for a bespoke scheme of refurbishments. The property was let recently with the tenants being in place for a considerable length of time with the following rents Flat 1 - £550 STUDIO LARGE Flat 2 - £750 2 BED LARGE Flat 3 - £800 2/3 BED Flat 4 - £350 STUDIO Flat 5 - £400 STUDIO

Ground floor:

Separate front and rear entry leading to covered passageway and the access to flats 1-5

Flat four:

Entrance hall, bedsitting room, kitchenette, shower room/WC - Electric Heating (please note this has not been tested).

Flat five:

Open plan bedsitting room, kitchenette, shower room/WC - electric heating (please note this has not been tested).

First floor:

Half Landing off first floor.

Flat one:

Entrance hall, bedsitting room, inner hall, dining kitchen, bathroom/WC - gas central heating (please note this has not been tested).

Flat two:

Entrance hall, inner hall, reception room, kitchen, two bedrooms, bathroom/WC - electric heating (please note this has not been tested).

Second floor:

Comprising -

Flat three:

Reception room, breakfast kitchen, dining room, two bedrooms, bathroom/WC with Shower - electric heating (please note this has not been tested).

Tenure

Freehold

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