Retail property (high street) for sale
Property description & features
LOCATION
Supporting a population of approx. 21,000 residents, Stourport on Severn is located in North Worcestershire, 23 miles south west of Birmingham, 15 miles north of Worcester and 11.5 miles west of Bromsgrove. The subject property is located on Bridge Street (A451), a mixed commercial location to the south of High Street. The property fronts Bridge Street, and to the rear there is the Stourport Basin which is now home to the Yacht Club and various other local/tourist amenities
Stourport on Severn benefits from shopping, leisure and education amenities. There are greater facilities in adjoining Kidderminster and also the cathedral cities of Worcester and Birmingham. Access to the national motorway network is via the M42 and M5.
The Wyre Forest is a major tourist destination, including the West Midlands Safari Park, Severn Valley Heritage Railway and Arley Arboretum. Stourport on Severn is renowned for its Canal network which opened in 1771 with five canal basins and canals, which provide plentiful outdoor opportunities.
DESCRIPTION
The subject property comprises a former supermarket premises which has been adopted as retail space for the last 10+ years. Comprising approx. 7,789 sq ft, and sitting on a site of approx. 0.22 acres the premises provide sales, storage and staff accommodation over a single level, with a loading/unloading facility accessed from Bridge Street. There is a council operated pay and display car park adjacent to the subject premises, and further parking facilities known locally as the ‘Riverside Carparks’ are located off Martins Way, by the library, which is a short walk from the subject premises. Further development potential should be considered, subject to necessary consents
ACCOMMODATION
Sales area 591.14sqm (6,363 sqft)
Ancillary 111.44 sqm (1,199 sqft)
Staff 21.08 sqm (227 sqft)
Total 723.66 sqm (7,789 sqft)
SERVICES
We are advised that mains electricity, water, gas are connected to the premises.
TERMS
The property is currently occupied under a Lease which expires in June 2023 following which vacant possession will be obtained.
OUTGOINGS
We understand from the Valuation Office Agency that the current rateable value of the shop and premises is £65,500.
The latest Government retail relief gives qualifying retail, hospitality and leisure businesses a discount of 75% on the rates payable from 01/04/2023 to 31/03/2024 (up to a total saving of £110,000 per business). This information is for guidance only and all parties should check themselves with the relevant local billing authority
VAT
The property is VAT registered
PLANNING
The property is categorised as retail within Use Class E and can therefore be used for the following uses: retail shop, financial & professional services, café or restaurant, office use, clinic, health centre, creche and gym. Please contact Wyre Forest District Council with any further planning enquiries.
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Broadband availability and predicted speed: obtained from Ofcom on February 4, 2022
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Energy Performance data and Internal floor area
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