A fascinating investment and development opportunity overlooking the River Severn in Bewdley has hit the market.
PAI member Fisher German is seeking offers around £375,000 for the 3,510 sq ft two-storey office building with a passing rental income of £22,500 per annum.
The vacant rear ground floor office could add a further £9,000 per annum to the rent roll, while positive pre-planning discussions have been held with Wyre Forest District Council to add an extra floor for residential use.
Severn House on Riverside North boasts three parking spaces out front and a self-contained five space car park at the rear – and overlooks the river from the eastern townside bank.
It is very well specified throughout, having formerly been occupied by a TV and graphics company as their office, design and recording studio.
Bewdley is a picturesque Georgian town, standing on the banks of the River Severn about four miles west of Kidderminster.
Fisher German partner Dan Ballard said: ”This really is a spectacular opportunity, either for owner occupier offices, which could also be developed to create an idyllic live/work unit with the finest views of the river, or for an investor or developer. We expect Severn House to be very popular and to shift quickly.”