Auction House London

Lot 109

Commercial Property - Commercial Property 

52-56 High Street

Evesham, Worcestershire, WR11 4HG

SOLD PRIOR

Guide Price (plus fees)

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

Addendum

Sold Prior

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 and Disclaimer

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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SOLD PRIOR
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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