20 Church Street, Evesham, Worcestershire, WR11
- SIZE AVAILABLE
1,173 sq ft
109 sq m
- SECTOR
Commercial development for sale
Key features
- Detached single storey building situated on a large plot
- Investment sale; the property is subject to an existing lease with security under the terms of the Landlord and Tenant Act 1954
- Based upon the Guide Price, the passing rent of £14,500 pa reflects an attractive gross yield of 10.35%
- Redevelopment opportunity (subject to planning and vacant possession)
- Central Evesham location with good on-site parking
Description
The property is detached, single storey, divided into general and private rooms, together with kitchen and WC facilities.
The property benefits from gas fired central heating throughout and has a considerable parking area to the side and rear.
Current Occupational Lease
The property is let on a 10-year lease from 28 August 2020, expiring in August 2030 (approx. five years unexpired). The passing rent is £14,500 per annum, having been increased to this level at the five year rent review.
Overage
The property will be sold subject to an Uplift Covenant reserving 40% of any future enhancement in value, generated as a consequence of a later planning permission or Permitted Development for any residential use for the benefit of the seller. The overage period will apply for a term of 25 years'.
Location
The property is located in Evesham, a market town within Worcestershire. The town has excellent transport links being situated on the A44 and A46 - with the A44 providing access west to Junction 6 of the M5 motorway (11 miles distant) and east to the Cotswolds & Oxford; and the A46 providing access south to Junction 9 of the M5 motorway (9 miles distant) and north to Redditch & Junction 15 of the M40 motorway (17 miles distant and providing direct access to Birmingham, London & Birmingham International Airport). Evesham also has a mainline railway station which provides a direct service to Worcester (20 mins), Oxford (50 mins) & London Paddington (circa 1hr 45 mins).
The adjacent area is characterised by a mix of commercial and residential properties, with the nearby Port Street having a good secondary retail offering. Church Street is a quiet thoroughfare located off Port Street.
Brochures
20 Church Street, Evesham, Worcestershire, WR11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Evesham Station0.7 miles
- Honeybourne Station4.5 miles
Notes
Disclaimer - Property reference 13397FH. 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 GJS Dillon Ltd, Droitwich. 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.
Map data ©OpenStreetMap contributors.