John GoodwinJohn Goodwin Property Professionals
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John Goodwin

Property Details

Guide Price £355,000 | 2 Bedroom Apartment / Flat | Church Lane, Ledbury HR8 1DL

Property Summary

Investment Property For Sale
Ground Floor Restaurant, Café/Tea Rooms (Subject To Ongoing Lease)
Superbly Appointed Two Bedroomed Apartment (Currently Let For Holiday Purposes But Available With Vacant Possession If Required)

Location & Description

1 Church Lane sits at the heart of the delightful and charming country town of Ledbury close to the Herefordshire, Worcestershire, Gloucestershire borders. The property is ideally located with frontage to the cobbled Church Lane which leads to St Michaels and All Angels church and other historic buildings including the town's museum.
1 Church Lane is a Grade II listed building understood to date back to the 17th Century. The property is of part half timbered construction and the ground floor is occupied by Mrs Muffins Tea Shop a long established cafe/restaurant which is currently let under the terms of an existing lease and produces an attractive income.
On the first floor is a tastefully refurbished and beautifully presented 2 bedroomed apartment currently being used for holiday lets and also producing an impressive income. Alternatively the apartment could be available with the benefit of vacant possession.
Ledbury is a busy country town with a growing population with new housing development approved. The town serves a wide rural catchment area and is a popular centre for tourists. The town centre benefits from a large number of strong independent retailers and businesses whilst featuring also an impressive choice of national stores including Boots, Clarks Shoes, Greggs, Spar and Specsavers. The cities of Hereford, Worcester and Gloucester are each approximately 16 miles distant and the M50 motorway is situated 4 miles to the south of the town bringing the Midlands and South West into commuting distance. The town also benefits from a mainline railway station with direct trains to Hereford, Malvern, Worcester, Birmingham, Oxford, Reading and London.
The premises comprise:
GROUND FLOOR:

Cafe Area 1 - 5.56m (18ft 3in) x 3.3m (10ft 10in)

With direct access from Church Lane and seating for approximately 12-15 covers and leading to:

Cafe Area 2 - 4.42m (14ft 6in) x 5.23m (17ft 2in)

Providing a further 13 covers with a preparation and till area leading through to the kitchen. Slate flooring, attractive exposed beams.

Kitchen - 3.99m (13ft 1in) x 1.65m (5ft 5in)

With door to courtyard are.

Rear Hall

With access to courtyard and customer WCs.

Side Entrance Hall - 0.99m (3ft 3in) x 4.24m (13ft 11in)

FIRST FLOOR:

Prep Room and Kitchenette - 3.33m (10ft 11in) x 6.17m (20ft 3in)

"L" shaped room

Outside

A courtyard area provides space for additional seating ideal for 'al fresco' dining.

THE APARTMENT

The apartment has it's own independent access from Church Lane leading to: inner hallway with slate floor. Inner door to staircase leading to:

FIRST FLOOR:

Landing/Snug

Reception room with front facing glazed window, ceiling light, radiator, 'Nest' thermostat, exposed ceiling and wall beams, wooden staircase to second floor landing, door leading to:

Kitchen. - 3.2m (10ft 6in) x 1.85m (6ft 1in)

Two rear facing glazed windows, fitted range of drawer and cupboard base units with worktop over, single bowl stainless steel sink drainer unit with mixer tap over. Built in four ring gas HOB with electric OVEN below and stainless steel EXTRACTOR over, space and plumbing for a dishwasher, space for fridge. Wall mounted Worcester combination boiler. Recessed spotlights, exposed wall beams, radiator.

Living/Dining Room - 5.31m (17ft 5in) x 3.91m (12ft 10in)

Front facing glazed window, side facing glazed window with wooden window seat, feature decorative fireplace, exposed ceiling and wall beams, recessed spotlights, radiator, telephone point, TV point.

Second Floor Landing

Front facing glazed window, Velux roof light, ceiling and wall lights, radiator, exposed ceiling and wall beams.

Bedroom 1 - 3.1m (10ft 2in) x 3.35m (11ft 0in)

Side facing glazed window, Velux roof light, ceiling lights, exposed ceiling beam, radiator, TV point, door to large walk in cupboard with shelving, hanging rail and light.

Bedroom 2 - 3.02m (9ft 11in) x 3.33m (10ft 11in)

Velux roof light, ceiling and wall lights, exposed ceiling and wall beams, overhead storage cupboard, radiator.

Bathroom

Velux roof light, fitted white suite comprising panelled bath with tiled surround, shower over and shower screen, low level WC, vanity wash hand basin with cupboard below. Wall mounted cupboard with mirror, shaver point, recessed spotlights, extractor fan, chrome ladder style heated towel rail.

Services

SERVICES
We have been advised that mains electricity, gas, water and drainage are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant authorities. Not statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

TENURE
The property is Freehold and offered for sale subject to the ongoing Lease in respect of the Ground Floor and with the benefit of Vacant Possession available to the Upper Floor.

LEASE
The premises are held under the terms of a 5 year Lease dating from July 2015 at a rent of £10,000 per annum exclusive. The current owner also lets the apartment for holiday purposes and income details can be provided. The apartment could be purchased with furniture and effects (at separate valuation) or alternatively can be made available with full vacant possession.

OUTGOINGS
Rateable value - Ground Floor £10,750 (currently paid by Tenant)

Rateable value - Upper Floor Apartment £2,600

VIEWING
By appointment with the Agent's Ledbury office. Tel: 01531 634648 Option 1

MONEY LAUNDERING
Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

GENERAL
John Goodwin FRICS has made every effort to ensure that measurements, details and particulars are accurate, however, prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided to us. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or entering into any contract.

John Goodwin