Property Description

A substantial mid-terraced retail unit with residential accommodation to the first floor. The property benefits from plate glass display window to front elevation with the unit internally sub-divided to create three showrooms to ground floor and stores. There is a further retail area to the front of the unit on the first floor. Floors throughout are of solid construction with ceramic tile covering. The property has a suspended ceiling with air conditioning units installed to the front two showrooms. To the first floor (21A) is a self-contained one bedroomed flat occupied on a 12 month Assured Shorthold Tenancy subject to a rental of £495 per calendar month. This is accessed from the rear of the property. We are advised by the seller that the tenant has been in occupation for some time with rent always paid promptly. We are informed by the sellers solicitor that with regards to the retail unit forming part of the Property, KLR Interiors Limited is currently in occupation pursuant to a lease which expires on 28 June 2039. However, the retail unit will be sold with vacant possession and a Deed of Surrender of this lease will be entered into on or before completion of the sale. We feel there is certainly scope to reconfigure and utilise the additional retail area at the front of the premises on the first floor to create a second residential dwelling with separate access possible by creating a corridor leading to the rear of the property. The sellers advise that this was originally a residential dwelling in circa 2017. The accommodation has been refurbished by the current owners to a high standard. We noted UPVC double glazing, modern fire doors, air conditioning and sunken lights. We are advised the property received a rewire recently. To the rear of the property is a garage with roller shutter and access for the residential apartment above. Location The premises are located fronting the main Alcester Road through the heart of Studley village. The main centre of Redditch lies some 3 miles to the north. All local amenities are in the immediate vicinity including; shopping, transport and schooling, etc. We are advised that rates payable are circa £800 per annum. Interested parties are advised to make their own independent enquiries and inspect the legal pack.

Flood Risk

Surface Water - Very Low.

Building Construction

Cavity wall, as built, no insulation (assumed) - Information taken from EPC.

Broadband (estimated speeds)

Standard 23 mbps shows as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Council Tax Band

The council tax band for the flat is A.

Tenure

Freehold

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