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Mixed Use Investment In Main thoroughfare, 65 Port Street, Evesham, WR11 3LF

1,173 Sq Ft / Retail / General Retail

Withdrawn - Last updated: 17 March 2020

65 Port Street is a mixed-use investment with two retail lock-up shops on the ground floor and four one- bedroom flats/bedsits on the first and second floor accessed from the rear of the shop. There are communal lobbies on the first floor giving access to all the flats. The commercial unit comprises two parts; one is a well-established launderette and the other is a retail lock-up shop. There is limited car parking at the rear of the shop for one car.
 
65 Port Street is a traditional brick constructed building, part timber framed with rendered painted external finish under a pitch tiled roof. It is part double glazed with uPVC windows, part single glazed with wooden window frames.
 
The ground floor retail shops are accessed by a recessed open fronted porch. The residential accommodation is accessed from the rear via a steel staircase leading to first floor level. 

Location

The property fronts onto the higher end of Port Street and is within walking distance of Evesham's main shopping centre. Port Street is one of the main thoroughfares into the town centre, benefitting from a high volume of pedestrian footfall. Port Street is a thriving tertiary shopping centre for Evesham with a number of well-established and newly opened independent traders including a travel agent, butchers shops, restaurants, fish & chip shop and public house. The recently restored Regal Cinema attracts many more people from out  f Town into the area. 

Accommodation

Ground Floor: 
 
Part glazed entrance door leads into the left-hand side retail area 47.40m² (510ft²).
Internal corridor (to allow maintenance of the launderette machinery) 17.85m² (192ft²).
Rear cloakroom 3.88m² (42ft²).
Right hand retail lock-up shop: Retail area 20.58m² (221ft²).
Rear retail store 12.82m² (138ft²).
Rear lean-to store 6.53m² (70ft²).
Gross internal area 109.06m² (1173ft²).
 
Residential accommodation:
 
First floor communal area entrance hall 2.38m².
Hallway 7.41m².
Cupboard under stairs 0.74m².
Total communal area 10.53m² (113ft²)
 
Flat 2B
 
Entrance door from the first-floor landing leads into the sitting room/bedroom 22.43m².
Kitchen 8.08m². Equipment comprises four eye level cupboards, two low level cupboards, stainless steel sink, Formica worktop with tiled splashback.
Bathroom 4.69m².
Gross internal area 35.20m² (379ft²).
 
Flat 3C
 
Sitting room/bedroom/kitchen – 19.09m². Equipment comprises stainless steel sink, Formica worktop, four eye level cupboards, two low level cupboards.
Bathroom 3.51m².
Gross internal area 22.60m² (243ft²).
 
Flat 4D
 
Sitting room/bedroom 13.15m² (to include built-in wardrobe).
Kitchen 11.48m². Equipment comprises seven low level cupboards, two eye level cupboards, electric oven, stainless steel sink on Formica worktop with tiled splashback.
Hallway 3.18m²
Bathroom 4.99m²
Gross internal area 32.80m² (353ft²).
On the first-floor landing stairs rise to the second-floor landing area 2.74m². From there access can be gained to Flat 1A.
 
Flat 1A:
 
Kitchen 9.59m². Equipment comprises electric stove, stainless steel sink mounted on Formica worktop, three low level cupboards and an airing cupboard with Megaflo cylinder.
Sitting room 11.58m²
Bedroom 11m²
Bathroom 3.83m²
Gross internal area 36m² (387ft²)

Terms

Services - It is understood that electric, water and foul water drainage are connected to the property. The commercial premises has mains gas fitted. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
 
Terms - The property is available Freehold, subject to the existing Leasehold interests.
 
The current rent roll on the tenants is as follows: 
 
Ground floor retail: Owner/occupied
 
Residential:
 
Flat 1A - £XXX per calendar month (£XXX pa)
Flat 2B - £XXX per calendar month (£XXX pa)
Flat 3C - £XXX per calendar month (£XXX pa)
Flat 4D - £XXX per calendar month (£XXX pa)
 
Total £XXX per annum
 
Rates:
 
65 Port Street - £XXX gross rateable value
65A Port Street - £XXX gross rateable value
 
Rates payable 2018/19:
 
48.0 pence in the pound. Application should be made to Wychavon District Council to enquire whether any small business rate relief will be available on this premises. 
 
Residential accommodation: The flats are listed as being Council Tax Band A.
 
Energy Performance Certificate - Ground floor retail space EPC Rating C (69)
 
Residential accommodation:
 
Flat 1A – F (32)
Flat 2B – E (42)
Flat 3C – E (49)
Flat 4D – F (31)
 
Car Parking - One car parking space
 
Legal Costs - Each party to be responsible for their own legal costs associated with the preparation of the sale contract.    

Specification

  • The launderette business (western side of the premises) is also offered for sale - Asking Price £XXX
  • It will be possible to rent the ground floor premises. - Asking Rent £XXX per annum
  • Retail lock-up shop (eastern side of premises) - Asking Rent £XXX per annum 


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