OPPORTUNITY TO ACQUIRE A SIGNIFICANT PERIOD PROPERTY
LOCATED IN THE HEART OF GREAT MALVERN
GROUND FLOOR COMMERCIAL SPACE OF APPROX. 4,900 SQ FT
POTENTIAL TO CONVERT UPPER FLOORS INTO 5 FLATS, SUBJECT TO PLANNING
OFFERS BASED ON £500,000
CONTACT LEDBURY OFFICE
Location & Description:
We are delighted to offer the opportunity to purchase part of the historic part of Great Malvern being 24 Belle Vue Terrace, believed to be Grade II Listed and set within the Conservation Area, the property incorporates a large ground floor commercial/retail space extending to approximately 4,900 sqft, with similar sized accommodation on the first floor, and with approx. 1,100 sqft on the second floor.
Great Malvern is approximately 8 miles (13 km) south-west of the city of Worcester on the eastern slopes of the Malvern Hills. The River Severn runs roughly north-south about 4 miles (6.4 km) to the east of the town. With a population of approx. 33,700 (Malvern Hills District Council website), and annual visitor numbers to the Malvern Hills area estimated to be approx. 1.7 million per year (Malvern Hills Visitor Economy Action Plan) and with local businesses such as the Morgan Motor Company, Quinetiq and attractions such as the Three Counties Showground and Eastnor Castle, Malvern is a dynamic and expanding town with historic roots dating back to the Victorian period.
Glazed frontage onto Belle Vue Terrace, the commercial/retail spaces expands towards the rear of the property and benefits from a large central light well and access to lower ground floor storage currently incorporating a rifle range. Extending to approx. 4,900 sqft the space has until recently (January 2013) been utilised by Clarke Roxburgh Insurance who occupied the whole premises.
Now vacant, the space would be suitable for a number of uses, subject to planning, and could accommodate upto 130 covers if used as a restaurant.
Occupied previously as office accommodation, this floor lends itself to alteration and refurbishment into 4No flats (three 2 bed and one 1 bed), subject to receiving the necessary planning consents. Extending to approx 4,970 sqft it is subdivided into offices with central heating and fully fitted carpets.
Previously utilised as storage, the second floor could be converted into a 2 bed flat with extensive views across Worcestershire, subject to receiving the necessary planning consents.
The majority of the lower ground area is currently licenced to the local gun club providing a rifle range.
To the rear of the property is a stone wall retaining a terraced rear garden.
We have been advised that mains electricity, water and drainage are connected to the property. This information has not been checked with the respective service providers and all interested parties may wish to make their own enquiries with the relevant authorities.
No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending purchasers are advised to satisfy themselves where necessary.
Rateable Value - £28,500 (April 2010)
Rates Payable - £13,167 (2013/2014)
This information has been obtained from the Valuation Office Agency website however interested parties should make their own enquiries through the Local Authority to confirm their accuracy, telephone Worcester Council on 01905 822755.
No enquiries have been made with the local planning authority in respect of the present use classification of the premises. All interested parties are therefore advised to enquire of the local authority in order to establish that their required use of the premises will be permitted if unsure.
The premises are offered on a freehold basis.
To be made by appointment to be made through the Agent's Ledbury Office (Tel. 01531 634648).
Without prejudice to the generality of the foregoing, John Goodwin FRICS has made every effort to ensure that the information contained within these property particulars is accurate, however prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to their correctness.
No information with regard to planning use, structural integrity, tenure, availability/operation, Business Rates, services or appliances has been formally verified, therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property, or entering into any contract.
In order to comply with the Money Laundering Regulations the purchaser will be required to provide:
1. Proof of identity in the form of a photographic ID such as a current passport or UK driving licence.
2. Proof of current residential address, i.e. utility bill or building society or bank statement, credit card bill, etc issued within the previous three months.