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

not specified / Retail / Investment

Withdrawn - Last updated: 14 December 2022

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

Two Retail & Four Residential Units

Terms

Price - £XXX

Investment Summary - The Freehold comprises:

Ground floor Retail:

Right hand – Vacant ERV £XXXpa

Left Hand - Vacant ERV £XXXpa

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 (ERV £XXXpa)

Business Rates & Council Tax

65 Port Street - £XXX rateable value

65A Port Street - £XXX 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 £XXXpa
  • Plus ERV of retail part £XXXpa
  • Parking to rear
  • Total ERV £XXXpa


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