34 High Street Evesham Worcestershire WR11 4HJ

34 High Street
Evesham
Worcestershire
WR11 4HJ

Freehold Retail Investment

  • Let to Iceland Foods Limited
  • Renewed 5 year lease from April 2018
  • Rebased Rent
  • Tenant in occupation since for at least 20 years
  • Popular Worcestershire town with twice weekly market
  • Lot
    57
  • Auction
    24th May 2018
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £525,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Iceland Foods Limited
  • Renewed 5 year lease from April 2018
  • Rebased Rent
  • Tenant in occupation since for at least 20 years
  • Popular Worcestershire town with twice weekly market
  • Lot 57
  • Auction 24th May 2018
  • Rent
  • Status Sold
  • Price £525,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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

The property is situated on the eastern side of High Street, north of its junctions with the pedestrianised Bridge Street and Market Place. Bridge Street is less than 100m away, with retailers including Boots the Chemist, Costa, Superdrug, WHSmith and Greggs. Other occupiers in the town include Aldi, JD Wetherspoon and the nearby branches of Barclays and Lloyds banks. Oat Street North and South car parks are a short walk away, with parking for over 150 cars.

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

The property is situated on the eastern side of High Street, north of its junctions with the pedestrianised Bridge Street and Market Place. Bridge Street is less than 100m away, with retailers including Boots the Chemist, Costa, Superdrug, WHSmith and Greggs. Other occupiers in the town include Aldi, JD Wetherspoon and the nearby branches of Barclays and Lloyds banks. Oat Street North and South car parks are a short walk away, with parking for over 150 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is 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 on the first floor.

VAT

VAT is 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
Ground
First
Retail/Ancillary
Ancillary
302.00 sq m
277.50 sq m
(3,251 sq ft)
(2,987 sq ft)
ICELAND
FOODS LIMITED
(1)
5 years from 07/04/2018 until
06/04/2023 on a full repairing
and insuring lease
£45,000
Total
579.50 sq m
(6,238 sq ft)
    £45,000

(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 09/04/2018).

Property Documents

  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    879 KB
    View PDF
  • Site Plan
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Eversheds Sutherland (International) LLP 115 Colmore Row
Birmingham
B3 3AL
Selina Baden 0121 232 1405selinabaden@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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