Auction House London

Lot 30

Commercial Property - Commercial Property 

52-56 High Street

Evesham, Worcestershire, WR11 4HG

Withdrawn Prior

A Commercial Investment and Residential Redevelopment Opportunity. Potential For Change of Use to the First & Second Floors to Residential Accommodation and to Add a Third Floor (Subject to Obtaining all Relevant Consents). Two Separate Schemes have been Drawn Up for Either 19 Studio Flats or 9 Self-Contained Flats (4 x 1 Beds, 3 x 2 Beds, 1 x 3 Bed, 1 x Studio).

Description

The property comprises a substantial end of terrace building arranged over ground and two upper floors internally laid out to provide 3 retail units (one is sold off on a long lease) with office accommodation to the first & second floors.

Tenure

Freehold

Location

The property occupies a prominent position on a primary parade in Evesham in Worcestershire. Nearby multiples include Subway, Greggs and Dorothy Perkins. Transport links are provided by Evesham rail station.


Proposed Accommodation

Option 1 (19 Studios)
First Floor
9 x Studio Flats
Communal Work Space

Second Floor
10 x Studio Flats

Option 2 (9 Apartments)
First Floor
2 x 2 Bedroom Flats, 2 x 1 Bedroom Flats, 1 x Studio Flat

Second Floor
1 x 3 Bedroom Flat, 2 x 2 Bedroom Flats, 2 x 1 Bedroom Flats
Communal Storage

VAT

VAT is not applicable

Accommodation Schedule

Property Floor Accommodation Lessee Lease Terms Current Annual Rent
52 Ground Shop Area (A1/A2 Use) - 139.72 sq m Tenancy At Will at a Peppercorn Rent (Two Weeks Notice to Vacate) ERV £10,000+
52 (Access on Oat St) First & Second 12 Office Suites Vacant Upon Completion
54 Ground Access Area Sold off on 99 year lease from 4th October 2011 £7,000
56 Ground Shop Area (A1 Use) - 107.21 sq m Individual t/a Mace Newsagents Let on a 21 year FRI lease from 24th June 1991 (holding over) £19,000

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

View Details as PDFView VideoEnquire NowFinance AvailableRegister to Bid
Viewing by Appointment Only - Video Walkthrough Available Please email us to book an appointment. For further information, please register for the legal pack. For all enquiries, please contact Jamie Royston at jamie@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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