Opposite Boots and adjacent to HSBC and Specsavers
VAT-free investment
Lot 29
Auction 24th May 2018
Rent £23,100 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Mapeley
Property Information
Location
Miles
16 miles south-east of Worcester, 17 miles north-east of Cheltenham, 30 miles south of Birmingham
Roads
A44, A46, M5 (Junction 9)
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation
Evesham is located 16 miles south-east of Worcester and 17 miles north-east of Cheltenham. The property is situated on the pedestrianised Bridge Street, close to its junction with Market Place in the heart of the town centre. An entrance to the Riverside Shopping Centre is close by. Nearby occupiers include HSBC and Specsavers (adjacent), Boots, Greggs, WH Smith, Clarks, Vodafone,
Sports Direct and Halifax.
Tenure
Freehold.
Location
Miles
16 miles south-east of Worcester, 17 miles north-east of Cheltenham, 30 miles south of Birmingham
Roads
A44, A46, M5 (Junction 9)
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation
Evesham is located 16 miles south-east of Worcester and 17 miles north-east of Cheltenham. The property is situated on the pedestrianised Bridge Street, close to its junction with Market Place in the heart of the town centre. An entrance to the Riverside Shopping Centre is close by. Nearby occupiers include HSBC and Specsavers (adjacent), Boots, Greggs, WH Smith, Clarks, Vodafone,
Sports Direct and Halifax.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation at basement and part first floor. The remainder of the first and the second floor comprise a 3 bedroom maisonette.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation at basement and part first floor. The remainder of the first and the second floor comprise a 3 bedroom maisonette.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground Basement Part First
Retail Ancillary Ancillary
138 sq m 60 sq m 36 sq m
(1,485 sq ft) (645 sq ft) (387 sq ft)
FISCHEN MEDICAL LTD t/a The Vapes (2)
2 years from 30/05/2017 (3)
£15,000 (1)
2019 (3)
Part First & Second
Residential
4 rooms, kitchen and bathroom
INDIVIDUALS
AST for 1 year from 16/05/2016
£8,100
Holding over
Total Commercial Area
387.32 sq m
(4,168 sq ft)
£23,100
+ 3 bedroom maisonette
(1) The passing rent of £12,000 rises to £15,000 on 30/05/2018. (2) www.thevapes.co.uk (3) Tenant’s rolling option to determine after one year upon one month’s notice.