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Tenbury Wells family business and property portfolio up for sale for £1.5m

The portfolio includes a construction and funeral business run by the Caldicott family, a range of retail stores, residential accommodation, an apartment block, courtyard and outbuildings with development potential, subject to permit to build.

Offered with joint agents Halls Commercial and Bruton Knowles, 15, 19 and 19A Market Street and 1, 2 and 3 Bell Yard, Tenbury Wells comprises a prominent freehold site and associated commercial businesses spanning 0, 85 acres. The property generates rent of £27,140 per annum

Number 15 Market Street is a mixed-use building comprising a funeral home reception window, ground and first floor offices, a retail and home improvement center with storage.

On the ground floor there is a home improvement/hardware center including a large workshop, further retail areas and additional outdoor storage.

The first floor has a large open storage room with exposed wooden roof trusses and mezzanine potential.

Funeral director AH Caldicott and Sons’ business is part of the building and includes a storefront, reception area and offices. An independent building houses a chapel of rest and morgue, with an adjoining double garage extension and a storage room.

At numbers 19 and 19A, Market Street includes a historic former pub, which is now a corner cottage and commercial premises with street frontage. The double-fronted retail unit is currently leased to dog grooming service ‘Mucky Mutts’.

The Cottage, a four-bedroom house over three floors, accessible either from the High Street or the rear courtyard, is let on an assured short-term rental agreement.

Numbers 1, 2 and 3 Bell Yard comprise a three-storey building with three apartments, each with one bedroom, on assured short-term rental agreements. Each apartment has a single bedroom, living room, kitchen and bathroom. The building also has a basement and garages.

To the rear and adjoining the building are the builder’s merchants and an associated courtyard with access from Market Street.

The portfolio also included a Grade II listed former stable and lean-to, now used as workshops, as well as roadside parking and storage.

The portfolio is completed by a two-storey carpentry workshop, warehouse, parking and courtyard with potential for conversion, subject to planning permission.

To view properties contact James Evans, Manager at Halls Commercial, Shrewsbury on 01743 450700 or William Matthews at Bruton Knowles on 07841 920434.