8-10 Port Street is a rendered brick building within the Port Street Conservation Area. Pedestrian access is directly from Port Street and the property benefits from two retail shops with large windows fronting onto Port Street, both of which are currently vacant and are on the market to let.
There are another two units to the rear, one currently occupied by Sensies, the other on the market available to let. There is also a shared rear access with parking available for approximately 11 cars, each allocated to the tenants.
There is one AST flat included in the freehold sale price. Details of all current tenancies & possible future rent roll are listed under the heading 'Terms'.
Location
8-10 Port Street is a Grade II listed building which fronts onto the lower end of Port Street and is within walking distance of Evesham's main shopping centre. Port Street is one of the main thoroughfares into the town centre benefitting from a high volume of pedestrian footfall. Port Street is a thriving tertiary shopping centre for Evesham with a number of well established and newly opened independent traders, and has benefitted from a substantial lift with the opening of The Regal Cinema.
Evesham has an active tourist industry, with a population of approximately 24,000 people and a catchment of 100,000 people. The town benefits from a mainline railway station, and has a hospital, schools and leisure and sports facilities, as well as popular supermarkets.
Accommodation
8 Port Street - 73m² (785.5ft²)
10 Port Street - 41m² (441ft²)
Sensies (Unit 2 at the rear) - 57m² (613ft²)
Unit 1 at the rear - 85m² (914.6ft²)
Flat 1 - 67m² (721ft²)
Communal areas - 46m² (495ft²)
Car Park - 245m² (2,636ft²)
Terms
Commercial:
8 Port Street - A3 use, let on 5 year lease at a rent of £8,000 pa. Commenced 2016
10 Port Street - Currently vacant & is on the market at an asking rent of £8,000 pa.
Unit 1 at the rear of 8-10 Port Street - Currently vacant & is on the market at an asking rent of £8,016 pa.
Unit 2 at the rear (currently Sensies) - Currently let on a 7 year lease which began on the 1st December 2014. Rental income is £6,840 pa.
Residential:
Flat 1 - Currently an AST which is holding over. Current rent is £8,160 pa.
SERVICES - The property is serviced by mains electricity, water, drainage & gas.
RATES - Rateable value as stated by the 2010 VOA Listing for the commercial units:
8 Port Street £5,700
10 Port Street £5,300
Sensies £830
Unit 1 at the rear of 8-10 Port Street £2,500
Council Tax band for the residential flat: Band A
VAT - The property is elected for VAT, therefore VAT will be charged on the sale price for the commercial units, as well as any rent collected from the commercial tenants.
SERVICE CHARGE - There is a service charge & buildings insurance amount which is proportionally recharged to each tenant based on their square footage occupied. The current premium details can be found in the agent's office.
Specification
- Commercial & Residential Investment FOR SALE
- 4 shops & 1 flat
- Parking to the rear accessed via Waterside