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Shop for sale
3 Vine Street is located at the southern end of Evesham High Street on the main thoroughfare. The shop front is well positioned opposite the town hall. With a population of approximately 24,000 and a catchment population of 100,000 people in the surrounding towns and villages, Evesham is a medium size market town with a strong commercial base. It is central to the Midlands with the centres of Cheltenham, Worcester, Redditch, Stratford-upon-Avon and Gloucester all being within half an hours drive from Evesham. Transport access is good to the M5, M40 and M42 Motorways, and London is only some 70 miles away. Access via the rail network is also good Evesham having the benefit of a main line railway station on the Intercity Rail Link between Worcester and London. The main line railway station is at the northern end of Evesham High Street.
The property consists 72m² (777ft²) Retail Area with Basement with tenant in place, and four further residential properties; a three bedroom flat on first and second floor facing Vine Street; a one bedroom ground floor flat, a two bedroom first floor flat approached by a spiral staircase - both flats sharing a communal courtyard; and a semi-detached one bedroom residential with access from Rowlands Court to the rear. There is potential, subject to normal planning conditions for redevelopment of the rear three properties for either commercial or residential use.
The Main property is a three storey, brick built building under a pitched tiled roof. Communal access at the side of the property leads to a communal courtyard, and the two storey building to the rear contains two flats linking to the semi-detached, one bedroom residential at the rear.
The present tenants of the commercial are Town & Country Estate Agents, a well-established firm with their Head Office in Worcester and other offices in Droitwich and Redditch. It is understood that Town & Country have 8 years left on their lease, a copy of which can be provided to interested parties.
Presently the rear residential flats and semi-detached property remain empty deliberately to allow the possibility of development. There is a tenant in the three bedroom flat with a short period left of their lease and the intention to vacate. The advice from the Residential Lettings Department of this firm advise that these properties would let well and would contribute to the income from the commercial aspect to provide a significant annual return.
Please contact the Agent to discuss details of received rents of the commercial and predicted rent of the residential in more detail.
Though no formal application has been made the present freeholder informally approached Wychavon District Council who reacted positively to the proposal of development at the rear, this of course cannot be taken as extant planning permission. The current use of the shop is A2 retail.
£600,000 NO VAT
Wychavon District Council, Pershore
Tel. 01386 565000
Each party to bear their own legal costs.
By prior arrangement with the agents, please contact
Richard Connolly at Timothy Lea & Griffiths
Tel. 01386 765700
Services, fixtures, equipment, buildings and land: None of these have been tested by Timothy Lea & Griffiths. An interested party will need to satisfy themselves as to the type, condition and suitability for a purpose.
Misrepresentation Act: These particulars are prepared with care but are not guarantees and do not constitute, or constitute part of, any offer and contract. Intending purchasers must satisfy themselves of these particulars accuracy by inspection or otherwise, since neither the vendor nor Timothy Lea & Griffiths shall be responsible for statements or representations made. The Vendor does not make or give, and neither Timothy Lea & Griffiths nor any person in their employment, has any authority to make or give any representation or warranty in relation to this property.
Under the control of asbestos at work regulations 2002 (CAW Regulations), the owner or tenant of the property and anyone else who has control over it and or responsibility for maintaining or repairing it maybe under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property.
The detection of asbestos and asbestos related compounds is beyond the scope of Timothy Lea and Griffiths expertise and accordingly:
1 Timothy Lea and Griffiths makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property.
2. Timothy Lea and Griffiths strongly recommends that prospective purchasers obtain advice from specialist environmental consultants if they have any concerns about asbestos related issues.
Anti Money Laundering
We are now required by HM Customs and Excise to verify the identity of all purchasers and vendors, as such, should you decide to proceed with the purchase of this or any other property, two forms of identification will be required. Further information available..