64 Bridge Court, Bridge Street, Evesham is a charming Grade II listed building that currently houses BCM (Bromsgrove Crafty Monkey), a popular craft-beer bar nestled within Bridge Court. The building's street frontage dates from the early to mid-19th century, featuring classic sash windows frames and a slate roof. The upper floors benefit exposed beam office accommodation that could be converted to residential (subject to planning) with a ground floor kitchen and toilet.
Location
Bridge Court, located on Bridge Street in the heart of Evesham, offers a charming and convenient setting just a short walk from the town's historic riverside and local amenities. This development combines modern living with traditional market town character, providing easy access to shops, restaurants, and public transport links.
Accommodation
Ground floor let to a popular craft beer bar (BCM), with upper floors offering office space or residential conversion potential (STPP)
Upper floors with exposed beams and scope for residential adaptation; ground floor includes kitchen and WC facilities.
Terms
Investment - The property is partly let, providing a total annual rental income presently of £13,000 and an ERV of £18,000. The ground floor is occupied by Bromsgrove Crafty Monkeys Ltd on a five-year lease from 8th March 2018 at a current rent of £13,000 per annum. The lease benefits from security of tenure under the Landlord and Tenant Act 1954 and is held on internal repairing and insuring terms.
The upper floors are currently vacant however, were let at a rental value of £5,000 per annum. It is estimated that conversion of the upper floor to residential (subject to planning) could achieve somewhere between £750 - £850 pcm.
Tenure - The property is available Freehold subject to the existing tenancy
Price - Offers over £239,000
Vat - The building is VAT not elected.
Business Rates - 6 Bridge Court: £9,700 current rateable value (1 April 2023 to present)
14 Bridge Court: £5,600 current rateable value (1 April 2023 to present)
Qualifying businesses with a rateable value of up to £12,000 currently receive 100% relief. This relief will decrease on a sliding scale for rateable values between £12,000 to £15,000. In addition, such businesses will have their bill calculated using the small business rates non-domestic rates multiplier.
Energy Performance Certificate - EPC Rating: C 69 (Expired 22 May 2021. An active EPC is currently being commissioned)
Legal - Each party will be responsible for their own legal costs associated with the transaction.
Specification
- Prime Town Centre Location – Situated in the heart of Evesham, just moments from the historic riverside and key local amenities.
- Mixed-Use Investment Opportunity – Ground floor let to a popular craft beer bar (BCM), with upper floors offering office space or residential conversion potential (STPP)
- Current Income with Growth Potential – Let at £13,000 p.a. with an Estimated Rental Value (ERV) of £18,000 and potential for enhanced returns via residential conversion.
- Flexible Layout – Upper floors with exposed beams and scope for residential adaptation; ground floor includes kitchen and WC facilities.
- Offers Over £239,000
- Freehold