High Street, Evesham

For Sale By Public Auction.

An excellent opportunity to acquire a freehold mixed-use investment property comprising of a ground floor commercial unit and potential for a self-contained flat above, subject to planning permission.

The ground floor retail unit is currently let to Works Stores Limited at a passing rent of £10,000 per annum, under a 3 year lease commencing on 1st April 2025. The lease includes mutual break options in April 2026 and April 2027, providing flexibility for both landlord and tenant. It is important to note that the lease has been granted outside the security of tenure provisions of the Landlord and Tenant Act 1954, meaning the tenant does not have an automatic right to renew the lease upon expiry.

The upper parts offer potential for residential accommodation. The space is currently boarded and does not benefit from independent access, being accessed internally via the commercial premises.

The property occupies a prominent High Street position in the centre of the vibrant market town of Evesham, which offers a wide range of amenities including shops, supermarkets, a cinema and excellent transport links.

Auctioneer Note - Updated EPC to follow.
Details to be approved by the vendor.

Auction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.

Auction Deposit And Fees - The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:

•10% deposit (subject to a minimum of £5,000)
•Buyer’s Premium of £1,500 inc. VAT
•Search pack of £1,020 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.

Guide Price & Reserve Price - The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).

Plans - Plans shown are for identification purposes only.

Services - The auctioneer understands that mains water, drainage, gas and electricity are connected to the property, though these services have not been tested. Buyers are advised to make their own enquiries to confirm the connected services.

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Tenure And Possession - The property and land are freehold. Vacant possession of the upper floor will be given upon completion, which is normally 20 working days after the auction. Please note that this will not apply to the commercial unit to the ground floor, as this is sold with a tenant in situ. Please refer to the Legal Pack for further details.

Bidder Registration And Auction Legal Pack - If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.

Legal Documents & Additional Costs - It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.

Viewings - All viewings are by appointment only through the Auction Department