| Property Type | Investments |
| Tenure | For Sale |
| Size | 3,310 sq ft |
| Price | Offers in the region of £580,000 subject to contract |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
The property is arranged over 3 floors and comprises a traditionally built commercial ground floor shop and two self contained residential apartments on the first and second floors. Each comprising 2 bedrooms, kitchen/reception, & bathroom/WC.
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Ground - Retail with2 x2 bed residential on 1st and 2nd floors | 3,310 | 307.51 | Available |
| Total | 3,310 | 307.51 |
The property itself is located on Bridge Street, a pedestrianised thoroughfare in the towns main retail pitch. Other occupiers in the vicinity include Boots Opticians, HSBC Bank, Greggs, Vodafone, O2 Boots Pharmacy and Sports Direct. Evesham is a market town and parish in the Wychavon district of Worcestershire, in the West Midlands region of England. It is located roughly equidistant between Worcester, Cheltenham and Stratford-upon-Avon. It lies within the Vale of Evesham. Evesham station is on the Cotswold Line from Oxford to Worcester, Great Malvern and Hereford. There are trains
every 45–55 minutes to London Paddington that take approximately 1 hour 45 minutes and trains to Birmingham take around 90 minutes, including a change at Worcester.
Specsavers Optical Superstores Limited are a national retailer with 888 branches. For the year 2022 posted a turnover of £3.35 billion with a pre-tax profit of £445 million and shareholders funds of £ 277 million.
Freehold.
Lease details, EPC details and other information can be found on our website.
The retail ground floor unit is leased to Specsavers Optical Superstores Limited for a term of 10 years from 7th October 2014. Current rent at £30,000 per annum. The lease was subject to 5 yearly upward only rent reviews. Residential upper parts comprising self-contained flats arranged over first and second floors, let on an assured shorthold tenancies, at £7,140 pa each. The total passing annual rent is £44,280 per annum.
We have been instructed by the vendor to seek offers in the region of £580,000 subject to contract. A purchase at this level reflects a net initial yield of 7.27%.
Each party to be responsible for their own legal costs incurred in this transaction.
