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Mixed Use Investment Opportunity, 65 Port Street, Evesham, WR11 3LF

not specified / Retail / General Retail

For Sale - £365,000.00

Available - Last updated: 05 August 2021

65 Port Street is a mixed-use investment comprising two retail units on the ground floor and four separately accessed one bedroom flats/bedsits on the upper floors. Access to the flats is from the rear.

The commercial unit comprises two shops. Both are accessed from a recessed open fronted porch. There is car parking at the rear of the shop for one car.

Location

The property sits at 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. The area 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 of Town into the area

Accommodation

Ground floor retail premises with 4 flats above.

Terms

PRICE - £365,000

Investment Summary - The Freehold comprises:

Ground floor Retail:

Right hand – Vacant ERV £10,000pa

Left Hand - Vacant ERV £5,000pa

Residential:

Flat 1A - £500 per calendar month (£6,000 pa)

Flat 2B - £450 per calendar month (£5,400 pa)

Flat 3C - £400 per calendar month (£4,800 pa)

Flat 4D - £450 per calendar month (£5,400 pa)

Total £21,600 per annum (ERV £36,600pa)

Business Rates & Council Tax

65 Port Street - £4,750 rateable value

65A Port Street - £4,450 rateable value

Residential accommodation: Each flat is listed as being Council Tax Band A.

Services - Mains electricity, water and drainage are connected to the property.

Energy Performance Certificate :

Retail: C (69)

Residential:

Flat 1A – F (32)

Flat 2B – E (42)

Flat 3C – E (49)

Flat 4D – F (31)

Specification

  • A freehold mixed use investment property
  • Passing rent £21,600pa
  • Plus ERV of retail part £16,500pa
  • Two Retail & Four Residential Units
  • Parking to rear
  • Total ERV £36,600pa

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £365,000.00 NA

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Contact agents

Jenny Jackson

Sheldon Bosley Knight

01789 430370



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