8-10 Port Street, Evesham, Worcestershire, WR11 1AN
Freehold town centre investment opportunity in Evesham
A Deceptively Spacious And Well Presented Grade II Listed Town Centre Freehold Investment Opportunity Comprising Two Retail Units, Two Commercial Units, An Apartment And Rear Car Parking. Considered To Have Potential To Develop To The Rear Subject To Necessary Planning Permission. Estimated Full Rental Value £40,000 PA
Property DescriptionThe property comprises a spacious, prominent, rendered brick building comprising two self contained retail units with large glazed frontages onto Port Street, whilst to the rear there are two well presented commercial units which are accessed directly from the rear car park, which has approximately 10 spaces. These units are considered suitable for retail or other commercial uses including offices subject to any appropriate planning permission. On the first floor is an attractive and generous sized self contained apartment comprising entrance lobby, lounge, master bedroom with en suite shower room, large modern kitchen, further double bedroom, separate WC and bathroom. Also included in the sale of the freehold interest is a second similar apartment which has been sold on a long leasehold basis with the freeholder receiving a peppercorn rent.
LocationThe property occupies a prominent frontage onto the lower end of Port Street within a conservation area, within walking distance of Evesham's main shopping centre.
Port Street serves as one of the main thoroughfares into the town centre benefitting from a high volume of footfall.
Port Street is a vibrant predominantly retail area with a number of well established and newly opened independent traders, and has benefitted from the opening of the nearby Regal cinema. Recent highway improvements within the Port Street area including new street lighting have enhanced the immediate vicinity.
Evesham has an active tourist industry, with a population of approximately 24,000 and a catchment area of 100,000 people. The town benefits from a main line railway station, has a hospital, schools, leisure and sports facilities, as well as a number of supermarkets.
AccommodationRetail Unit- 8 Port Street: 59.24sqm (638sqft)- Customer WC and Rear Preparation Area.
Retail Unit- 10 Port Street: 34.5sqm (371sqft)- Kitchenette, Rear store and WC.
Rear Commercial Unit 1: 70.65sqm (760sqft) Kitchen and WC.
Rear Commercial Unit 2: 53.39sqm (574sqft)- Glazed Frontage onto the Car Parking Area and Fitted with a Roller Shutter Security Grill. Having Separate WC.
First Floor: Flat 1: Entrance Lobby, Lounge, Master Bedroom with En Suite Shower Room, Large Modern Kitchen, Second Double Bedroom, Separate WC and Bathroom.
Flat 2: Included within the freehold sale but having been sold on a long leasehold at a peppercorn rent.
Outside: A Rear Car Park for approximately 10 cars accessed from Waterside.
Energy Performance RatingSee legal pack.
TenureFreehold – Vacant possession upon completion.
Value Added TaxInformation relating to VAT will be available within the legal pack.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
ViewingsStrictly by appointment with the Auctioneers.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be held at Aston Villa FC (Holte Suite), and livestreamed via our website. If you cannot attend in person, you can take part remotely via Proxy, Telephone or Internet. If you wish to bid remotely you must pre-register via our website no later than 24 hours prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.