Evesham Street, Alcester
Price £240,000
Commercial
- Ground floor commercial premises
- Let on a 5-year lease
- Gross return of 7.5%
- Recently refurbished, ready for continued occupation
- Secure income stream, flexible layout, potential for long-term capital appreciation
- EPC Rating: B
An excellent opportunity to acquire a double-fronted ground floor commercial property situated on Evesham Street, extending to a Gross Internal Area (GIA) of approximately 155.8 sq m (1,678 sq ft). The property represents a robust investment, currently let on a five-year lease with a rent review at year three, providing a gross yield of 7.5%.
The building has recently undergone a refurbishment and benefits from predominantly open-plan accommodation, comprising a main retail area, kitchen, two storage rooms, a boiler room, and a W.C. The layout provides flexibility for a range of commercial uses, subject to planning consent, and is suitable for continued occupation by the existing tenant or alternative operators.
The property is located in a well-established commercial area, with good pedestrian and vehicular access, close to local amenities and transport links. Its prominent double-fronted façade provides excellent visibility and potential for brand presence.
This investment offers a secure income stream and the potential for long-term capital appreciation in a desirable location, making it a suitable acquisition for investors seeking both stability and future growth opportunities.
Information
Services:
Mains drainage, electricity and water are connected to the property.
Tenure:
The property is Leasehold with a 999 year lease (share of the freehold).
Broadband:
Superfast broadband speed is available in the area, with predicted highest available download speed 97 Mbps and highest available upload speed 20 Mbps. For more information visit: https://checker.ofcom.org.uk/.
Fixtures & Fittings:
All those items mentioned in these particulars will be included in the sale, others, if any, are specifically excluded.
Viewing:
Strictly by prior appointment with Earles (01789 330 915/01564 794 343).
Earles is a Trading Style of 'John Earle & Son LLP' Registered in England. Company No: OC326726 for professional work and 'Earles Residential Ltd' Company No: 13260015 Agency & Lettings. Registered Office: Carleton House, 266 - 268 Stratford Road, Shirley, West Midlands, B90 3AD.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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