Back to all properties 







SSTC
18-22 Church Street, Malvern, Worcestershire, WR14 2AY
malvern,
Guide Price
£800,000
BEDROOM1
BATHROOM1
RECEPTION1
Grade II Listed Freehold Mixed Use Investment
Comprising a shop, dance studio and office
Four Self Contained One Bedroomed Apartments
All Flats With Tenants to 2025
Great Malvern Location
Investment Let at £73, 550 p.a
Property Info
Map
Floor Plan
Description
An attractive Grade II listed freehold mixed use investment located in the heart of Great Malvern an elegant well thought of spa town in Worcestershire.
The property is arranged on Basement, Ground and two upper level floors to provide a shop, over ground and basement floors with a self contained office above. To the rear is a Grade II listed hall, currently being used as a Dance Studio.
The remainder of the building provides residential accommodation arranged as 4 self contained flats all let out on AST's.
Nearby occupiers include Iceland, Costa Coffee, YMCA and Fat Face.
Accommodation and tenancy schedule
Basement and Ground Floor 18-22 Church Street Oxfam Basement 149.1 sq m1,605 sq ft10 years from December 2019
Fixed rental uplift in the 5th year (2% pa compounded)
Effectively FR&I by way of a service charge £27,500 p.a. Fixed uplift in December. Rent rising to £27,500 pa Ground177.4 sq m1,910 sq ft Part First Floor
18-22 Church Street (Rear)
St Cecilia's Hall P Lewis
(t/a A Dance School) Ground Floor 154.2 sq m1,670 sq ft10 years from 25.12.2023
Rolling annual tenant break option
5 year Rent Review
Effectively FR&I by way of service charge £11,550 p.a. Rent Review 2028 Part First Floor
18-22 Church Street Allan Brown (Accountancy and Taxation Services) Limited First Floor 66.3 sq m714 sq ft10 Years from 25.12.2023
Tenant break option at 5th anniversary
Effectively FR&I by way of service charge £6,300 p.a.
Flat 1 Individual First Floor Flat 53 sq m571 sq ft AST for a term of 12 Months from 01.08.2024 £6,600 p.a.
Flat 2 Individual First Floor Flat 50 sq m538 sq ft AST for a term of 12 Months from 21.12.2023£7,200 p.a.
Flat 3 Individuals Second Floor Flat 55 sq m592 sq ft AST for a term of 12 Months from 02.2.2024 £7,200 p.a.
Flat 4 Individual Second Floor Flat 42 sq m452 sq ft AST for a term of 12 Months from 24.06.2024 £7,200 p.a.
Total 747 sq m 8,052 sq ft £73,550 p.a.
Property Information
Property Type
Commercial Property
Property Style
Commercial Property
Parking
None
Tenure Type
Freehold
Mortgage Calculator
Stamp Duty Calculator
Mortgage Calculator
Property Price
£Deposit
£10%
Lenders may expect more than a 10% deposit
Annual Interest
Repayment Period (Years)
Monthly repayments: £4,643
Need more info? See ourMortgage guides and calculators.