127 Worcester Road, Hagley, Stourbridge, DY9 0NW

Features

• POPULAR LOCATION
• AVAILABLE IMMEDIATELY
• FULLY FITTED RESTAURANT
• UPPER FLOORS LET
• COURTYARD GARDEN TO REAR
• UNIQUE OPPORTUNITY

LOCATION

The Property fronts onto Worcester Road in the heart of Hagley, within the main retail/leisure parade. Occupiers in the immediate vicinity include a range of local independents, regional and operators, including Your Co-op Food, SPAR and Subway.

Road links are excellent, with Worcester Road (B4187) linking to Birmingham Road (A456) and Stourbridge Road (A491) to the south. The M42 and M5 are readily accessible and Birmingham City Centre is approximately 13 miles to the East.

DESCRIPTION

The Property comprises an end-terraced three-storey mixed use commercial premises. The ground floor is fitted out as a high quality Restaurant with a Private Courtyard area to the rear, with self-contained Office accommodation to the upper floors.

The Restaurant has recently been vacated and represents a rare opportunity to open a new Bar/Restaurant in this desirable and affluent area.

Internally, the ground floor has been fitted to provide approximately 80 covers with a Reception area, Bar, Main Dining Area, Kitchen and Storeroom, with a Terrace with a potential for additional seating to the rear. In addition, the Restaurant benefits from a Basement providing storage and a Cold Store to the rear.

The First and Second floors are configured as two good quality Office Suites, which are accessed via a separate door to the front. The Offices currently generate a rental income of £12,096 per annum.

The total Gross Internal Area (GIA) extends to approximately 3,000 sq ft (278 sq m).

ASKING PRICE

£825,000

RATEABLE VALUES

Ground Floor: £25,250 (£36,750 wef 1/4/23)
First Floor, 127a Worcester Road: £3,400 (£4,650 wef 1/4/23)
Second Floor, 127a Worcester Road£4,675 (£2,225 wef 1/4/23)

EPC

127 Worcester Road Band D (96)
127A Worcester Road Band E (107)

SERVICES

All mains services are available.

FREEHOLD

Freehold – Ground Floor Vacant Possession, Upper Floors let on two Commercial Leases.

LEGAL FEES

Each party to pay their own costs.

ANTI-MONEY LAUNDERING

In accordance with Anti-Money Laundering Regulations, we require two forms of identification and confirmation of the source of funding from all Purchasers.

VIEWING

Strictly by appointment with our Reception on 01527 584242