Church Street, Kidderminster, Worcestershire, DY10

INVESTMENT PROPERTY FOR SALE. Asking Price £175,000. Freehold office premises currently divided into three office suites on the ground, first and second floors with additional basement storage rooms. The four-storey, grade II listed building, is situated in a conservation area. The ground floor, second floor and basement are currently let generating a gross annual income of £11,200 per annum. The first-floor office suite is currently vacant and to let at £5040 per annum, inclusive of service charges. The potential gross income when fully let is £15,200, giving a potential yield of 8.69% before costs. The property is situated in an established professional area of Kidderminster Town centre where neighbouring businesses include HSBC Bank, Solicitors, Dentists and Financial Advisors. Weavers Walk is a short walk with shops including Marks and Spencer, Next, TK Maxx, Boots and JD Sports. The building also offers further potential for change of use to residential subject to necessary consents.
Approximate NIA 214.60 square metre / 2309.09 square feet

Communal Entrance
Access to the three commercial office suites and shared kitchen and toilet facilities. Alarm system. Approximate NIA 17.43 square metres/ 187.54 square feet

Ground Floor Office Premises
Comprising front reception office and rear office/consulting room. 3 year lease from 25th March 2024 at a rent of £4,600 per annum payable quarterly in advance. Service charges applicable. The Lease is not excluded from the Landlord and Tenant Act 1954, sections 24-28 and the tenant has Security of Tenure. The lease includes two day-time only spaces in the rear car park. Approximate NIA 42.99 square metres/ 462.57 square feet Rateable Value £5,500 (excluding parking spaces). The tenant is responsible for any additional rates for parking spaces 3 and 34.

First Floor Office Premises
Comprising two offices with one sub-divided into two rooms. Electric heating. Two allocated parking spaces in rear car park. Currently vacant and to let at a rent at £5,040 per annum, inclusive of service charges. Anticipated rental income of £4000 per annum to be achieved for this office space, exclusive of service charges. Approximate NIA 40 square metres/ 430.40 square feet Rateable Value £4,750 including 2 parking spaces.

Second Floor Office Premises
Comprises three offices and storage area. Lease granted for 2 years from 1st September 2025 at a rent of £4,800 per annum payable quarterly in advance. Internal repairing terms and service charges applicable. The Lease is excluded from the Landlord and Tenant 1954, sections 24-28. The lease includes two day-time only spaces in the rear car park. An additional short term licence for another one parking space at a cost of £65 per quarter, which can be terminated with a 14 day notice. Approximate NIA 66.7 square metre/ 714.46 square feet. Rateable Value £4350 excluding car parking spaces. The tenant is responsible for any additional rates for parking spaces 7, 8 and 9.

Lower Ground Floor Basement Rooms
Independent access from the car park to the rear. Currently used for storage purposes. The tenant has the benefit of one parking space for daytime use. Let from 15th July 2024 on a quarterly basis at a rent of £1,800 per annum. The Lease is not excluded from the Landlord and Tenant Act 1954, sections 24-28 and the tenant has Security of Tenure. Approximate NIA 47.48 square metres/ 510.88 square feet. Rateable Value £2550 including 1 parking space.

Communal Areas
Includes separate male and female toilets. Kitchen with fitted cupboards incorporating stainless steel, single drainer, sink unit and water heater. Approximate NIA 17.43 square metres/ 187.53 square feet

Car Parking Spaces
The sellers hold a 999 year lease on 8 spaces in the rear car park from 1st January 1986 at no rent from Wakecut Limited, the freehold management company. This company is made up of the owners of the properties 5 to 13 Church Street, which includes Pockets Snooker Club. The spaces allocated to 10 Church Street include 3,7,8,9,31,32,34 and 53. The lease states you have the benefit of the car parking spaces from 08:00 - 19:00. The shares in Wakecut Limited will be transferred with the sale of the property.

Service Charges
Service charge is collected from all tenants with a total of £7360 per annum collected. The covers mainly buildings insurance, all water charges, cleaning, lighting, heating, decoration to communal areas, fire and intruder alarms throughout, contribution to car park service charge. The service charge allocation is split as follows: The Lower ground floor basement premises - 7.5% The ground floor premises - 25% The first floor premises - 25% capped at £1,040 per annum. The second floor premises - 42.5% capped at £1,800 per annum.

Energy Performance Certificate
Lower Ground Floor Basement Premises EPC is E. Ground Floor Basement Premises EPC is D First Floor Basement Premises EPC is C Second Floor Basement Premises EPC is C

V.A.T. Payable
V.A.T. will not be charged on the purchase price

Tenure Possession
Freehold subject to existing leases.

Services
Mains water, electricity, and drainage are connected. Gas is connected to the ground floor premises only. We have not tested any apparatus, fixtures, fittings or services and we cannot verify that they are in working order, correctly installed or fit for the purpose. Prospective purchasers are advised to obtain verification from their solicitor, surveyor or specialist contractor as appropriate. The premises has fibre to the cabinet broadband connection available. Indoor and outdoor mobile coverage is good with EE, O2, Three and Vodafone. (Source: Ofcom)

Fixtures Fittings
Any fixtures and fittings not mentioned in these sale particulars are excluded from the sale.

Viewing
By prior appointment with Doolittle & Dalley 01562 821600.

Reference: LB.HB.28.10.2025


Anti-Money Laundering Regulations
In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the successful purchaser will be required to provide satisfactory evidence of identity and the source of funds before the sale can proceed. This is a legal requirement. A charge of £45 (inclusive of VAT) will be payable by each buyer (and anyone providing a gifted deposit) to cover the cost of undertaking these anti-money laundering checks.

Valuation Advice for Prospective Purchasers
If you have a property to sell, we can provide you with a Free Market Appraisal and marketing advice without any obligation.

Misrepresentations Act
Messrs. Doolittle & Dalley for themselves and for the vendors/lessors of this property whose agents they are, give notice that: - 1.These particulars do not constitute, or constitute any part, of an offer or a contract. 2.All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Doolittle & Dalley or the vendor. 3.None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4.Any intending purchaser must satisfy him/herself by inspection or otherwise, as to the correctness of each of the statements contained in these particulars. 5.The vendor does not make or give and neither Messrs. Doolittle & Dalley or any person in their employ has any authority to make or give any representation or warranty whatever in relation to this property.