This mixed-use freehold property, located within the vibrant town center, presents a noteworthy investment opportunity with significant renovation potential. Comprising a well-established convenience store operating as 'Morrisons Daily,' along with two self-contained residential flats and several outbuildings, the property offers diverse avenues for enhancement and development, subject to securing necessary planning permissions.
The building itself is an impressive Grade II listed structure that spans three stories. The ground floor houses the convenience store, which not only benefits from extensive space but also includes additional storage areas in the rear buildings, a basement, and both mezzanine and first-floor storage levels. Of particular interest is the large external storage area accessed via a side passageway, which could be reimagined or repurposed to increase overall utility.
Each of the two flats is independently accessible through the side entrance. They feature one bedroom along with a lounge/dining area, kitchen, bathroom, and hallway—each presenting potential for modern updates or refurbishment that could elevate rental income further.
Historically, the shop has been a consistent presence in the community, trading as a convenience store under various names for over 40 years. This longevity speaks to its viability as a retail space in this thriving locale.
The current rental income totals approximately £25,680 per annum; the convenience store contributes £15,000 annually under its existing lease that runs until 2033. The two residential flats are currently rented on periodic tenancies at rates of £490 and £400 per calendar month respectively.
Situated in Bewdley—an attractive Georgian town steeped in history and nestled along the River Severn—the property benefits from nearby amenities including independent shops, Sainsbury's Local, St Richard's Hospice, and Tesco Express. Ample street parking and proximity to public car parks enhance accessibility for both retail customers and residents.
With Bewdley's unique charm attracting tourists seeking historical experiences and leisure activities—ranging from river trips to local museums—the location itself serves as an additional asset for future growth and profitability. The property's size and layout present myriad possibilities for expansion or redevelopment tailored to evolving market needs.
In summary, this property stands out not just as an established mixed-use investment but as a canvas ripe for renovation—perfectly positioned within a community known for its rich heritage and ongoing appeal.
