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Mixed Use Freehold Investment, 24 Bridge Street, Evesham, WR11 4RR

3,310 Sq Ft / Retail / Investment

For Sale - £580,000.00

Available - Last updated: 01 February 2024

The property itself is located on Bridge Street a pedestrianised thoroughfare in the towns main retail pitch. Other occupiers in the vicinity include Boots Opticians, HSBC Bank, Greggs, Vodafone, O2 Boots Pharmacy and Sports Direct.

Location

Evesham is a market town and parish in the Wychavon  district of Worcestershire, in the West Midlands region of England. It is located roughly equidistant between  Worcester, Cheltenham and Stratford-upon-Avon. It lies within the Vale of Evesham. Evesham station is on the Cotswold Line from Oxford to  Worcester, Great Malvern and Hereford. There are trains every 45–55 minutes to London Paddington that take approximately 1 hour 45 minutes and trains to Birmingham take around 90 minutes, including a change at Worcester.

Accommodation

The property is arranged over 3 floors and comprises a traditionally built commercial ground floor shop and two self contained residential apartments on the first and second floors. Each comprising 2 bedrooms, kitchen/reception, & bathroom/WC.

Terms

The retail ground floor unit is leased to Specsavers Optical Superstores Limited for a term of 10 years from 7th October 2014. Current rent at £30,000 per annum. The lease was subject to 5 yearly upward only rent reviews. Residential upper parts comprising self-contained flats arranged over first and second floors, let on an assured shorthold tenancies, at £7,140 pa each. The total passing annual rent is £44,280 per annum.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Ground floor retail with 2 x 2 bed residential on 1st & 2nd floors For Sale Freehold £580,000.00 NA

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Contact agents

Stephen Rajbenbach

Savoy Stewart

020 3369 1876

Michael Braier

Savoy Stewart

020 3369 1882



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