Port Street

Evesham

£200,000

Freehold Mixed Use Investment for Sale
Ground Floor Commercial extending to 20m² (213ft²) Retail with further 18.5m² (200ft²) Storage
2 One Bedroom Flats on the Ground and First Floors

DETAILS  

LOCATION
17 Port Street is a retail shop fronting directly onto the northern side of Port Street. It is within walking distance of the main shopping centre of Evesham, this being one of the main thoroughfares into the town centre benefitting from a high volume of pedestrian footfall traffic. The area is gradually developing into a busy retail area, other shops in the immediate vicinity include a travel agent, butchers shops, restaurants, fish & chip shop and public house. The recently restored Regal Cinema attracts many more people from out of Town into the area.

Evesham is an attractive town which has undergone many improvements and benefits from the picturesque grounds of Abbey Park and Waterside situated on the borders of the River Avon. Evesham has an active tourist industry attracting many people into the town with its annual events, as well as serving the local village communities surrounding the town.

DESCRIPTION
17 Port Street is a small mixed use Investment with two one bedroomed residential properties, one on the ground floor behind the retail unit with access to the rear and one on the first floor sharing a communal lobby with commercial area. The commercial unit has been a long-standing Barber Shop and there is potential for this business to continue with the goodwill being transferred by present occupant by further negotiation. The Two One bedroom flats are presently occupied and the details of the rent being charged are available from the agents.

The building is of traditional brick construction under a pitched tiled roof to the front with extensions to the rear.

ACCOMMODATION
In detail:
Glazed entrance door leads into an enclosed hallway, access is shared with the first floor flat.

A Further part glazed door leads into the Salon measuring 20m² (213ft²). There are Fluorescent Light Fittings.

Kitchenette 1.03m²
Cloakroom 1.25m²
Store Room 15.89m²
Net Internal Area 39.5m² (413ft²)

First Floor Flat access by the enclosed shared hallway.
Stairs rise to first floor hallway.

Sitting Room 9.24m²
Corridor 4.18m²
Kitchen 14.76m²
W.C. Shower Room 3.26m²
Bedroom (1st Floor) 16.40m²
Total Area: 47.84m² (515ft²)

Ground Floor Flat Sitting Room 17.67m²
Corridor 10.25m²
Shower Room 4.21m²
WC 1.96m²
Kitchen 9.09m²
Bedroom 10.14m²
Total Area: 53.32m² (574ft²)

SERVICES
It is understood that electric, water and foul water drainage are connected to the property as well as a BT connection. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.

TERMS
The property is available Freehold, subject to the existing Leasehold Interests.

The current rent roll on the tenants is as follows:
Ground Floor Retail:
£5,400 pa

Ground Floor Flat:
£4,800 pa

First Floor Flat
£4,440 pa

OUTGOINGS
Business Rates £2,100 payable by the commercial tenant and are eligible for 100% small business rates relief.
The Flats will be Council Tax Band A.

LEGAL COSTS
Each party will be responsible for their own legal costs associated with the sale.

PLANNING
Local Authority:
Wychavon District Council, Civic Centre, Pershore.
Tel: 01386 565000

VIEWING
Strictly by prior appointment with the agents office, please contact Tony Rowland of Timothy Lea & Griffiths.
Tel: 01387 765700
Email: tony.rowland@tlgea.com