Retail Property (out of town) for sale

8-10 Port Street, Evesham, WR11 1AN

0.15 ac. | £450,000

Property Description

Commercial information

  • 0.15 acres (0.06 hectares)

Full description

Tenure: Freehold

LOCATION
8-10 Port Street is a Grade II listed building which fronts onto the lower 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. Port Street is a thriving tertiary shopping centre for Evesham with a number of well established and newly opened independent traders, and has benefitted from a substantial lift with the opening of The Regal Cinema.

Evesham has an active tourist industry, with a population of approximately 24,000 people and a catchment of 100,000 people. The town benefits from a mainline railway station, and has a hospital, schools and leisure and sports facilities, as well as popular supermarkets.

DESCRIPTION
8-10 Port Street is a Grade II Listed rendered brick building within the Port Street Conservation Area. Pedestrian access is directly from Port Street and the property benefits from two retail shops with large windows fronting onto Port Street, both of which are currently vacant and are on the market to let.

There are another two units to the rear, one currently occupied by Sensies, the other on the market available to let. There is also a shared rear access with parking available for approximately 11 cars, each allocated to the tenants.

There is one AST flat included in the freehold sale price. Details of all current tenancies & possible future rent roll are listed under the heading 'Terms'.

ACCOMMODATION
8 Port Street
73m² (785.5ft²)

10 Port Street
41m² (441ft²)

Sensies (Unit 2 at the rear)
57m² (613ft²

Unit 1 at the rear
85m² (914.6ft²)

Flat 1
67m² (721ft²)

Communal areas
46m² (495ft²)

Car Park
245m² (2,636ft²)

SERVICES
The property is serviced by mains electricity, water, drainage & gas.

TERMS
Commercial:
8 Port Street
Currently vacant & is on the market at an asking rent of £8,400 pa.

10 Port Street
Currently vacant & is on the market at an asking rent of £8,000 pa.

Unit 1 at the rear of 8-10 Port Street
Currently vacant & is on the market at an asking rent of £8,016 pa.

Unit 2 at the rear (currently Sensies)
Currently let on a 7 year lease which began on the 1st December 2014. Rental income is £6,840 pa.

Residential:
Flat 1
Currently an AST which is holding over. Current rent is £8,160 pa.

OUTGOINGS
Rateable value as stated by the 2010 VOA Listing for the commercial units:
8 Port Street
£5,700

10 Port Street
£5,300

Sensies
£830

Unit 1 at the rear of 8-10 Port Street
£2,500

Council Tax band for the residential flat:
Band A

VAT
The property is elected for VAT, therefore VAT will be charged on the sale price for the commercial units, as well as any rent collected from the commercial tenants.

LEGAL COSTS
Each party to bear the responsibility of their individual legal costs involved in the drafting of a sale contract.

SERVICE CHARGE
There is a service charge & buildings insurance amount which is proportionally recharged to each tenant based on their square footage occupied. The current premium details can be found in the agent's office.

OTHER
EPC not required as the property is Grade II Listed.

VIEWING
By prior arrangement through the agent's office. Contact Richard Connolly at TLG Commercial at 6 Abbey Lane Court, Evesham, Worcs, WR11 4BY
Tel: 01386 765700
Email: richard.connolly@tlgea.com


More information from this agent

Nearest stations

  • Evesham (0.5 mi)
  • Honeybourne (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Timothy Lea & Griffiths, Evesham -Commercial

2 Merstow Green, Evesham, WR11 4BD

01386 765700 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Timothy Lea & Griffiths, Evesham -Commercial

2 Merstow Green, Evesham, WR11 4BD

01386 765700 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Evesham (0.5 mi)
  • Honeybourne (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Timothy Lea & Griffiths, Evesham -Commercial

2 Merstow Green, Evesham, WR11 4BD

01386 765700 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100846006855. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Timothy Lea & Griffiths, Evesham -Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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