A prominently positioned, fully let, mixed use freehold investment property. It comprises a ground floor shop and three separately accessed flats on the first and second floors.
The ground floor retail unit is let on a business tenancy to a charity. The lease is within the Security of Tenure provisions of the Landlord and Tenant Act 1954. All three residential flats are let on Assured Shorthold Tenancies.
Vehicular access and parking for six cars is available to the rear via Brick Kiln Street. Pedestrian access to the rear of the shop is also available.
Location
The premises occupy a prominent location on Evesham High Street. The town has a catchment population of 100,000 who use the town regularly. It also has an active tourist industry, bordering onto the river Avon, the former Evesham Abbey, and the Bell Tower.
Road links: J9 of the M5 (approximately 10miles) at Tewkesbury, J6 at Worcester (15 miles), M40 at Warwick (22miles), and the M42 south of Birmingham (17miles). Rail links: A five-minute walk of Evesham Station. The station provides a link to London (2 hours) and Worcester (half an hour)
Accommodation
Retail premises with residential above.
Terms
PRICE - £XXX
Investment Summary
Retail:
Business lease to Helping Hands until 2025
Rent £XXXpa increasing to £XXXpa in year 4
Residential flats all let on Assured Shorthold Tenancies with the following income:
Flat 1 - £XXXpa
Flat 2 - £XXXpa
Flat 3 - £XXXpa
VAT - This property is not elected for VAT
Energy Performance Certificates:
Retail - D
Flat 1 - C
Flat 2 - C
Flat 3 - C
Specification
- Retail & Residential Investment
- Central Location
- Freehold
- Fully Let
- Total Income £XXXpa