A two storey mixed use investment property. On the ground floor the A1 planning use retail premises are let on a business tenancy at £8,XXXa. This part has planning permission to change the rear storage area to form a separate two bedroom dwelling (Wychavon Planning Reference: 19/00980/FUL).
The first floor comprises a two bedroom flat (accessed from Priest Lane).
The building is a traditional brick constructed building under a pitch tiled roof. It is part double glazed with UPVC windows; part single glazed with wooden window frames.
Location
The property is situated on the corner of High Street and Priest Lane, and within easy reach of the Town Centre, its facilities and Abbey Park. It is situated in close proximity to two pay and display car parks.
As an attractive market town Pershore has access to a full range of amenities, shops, schools and leisure facilities.
Pershore is 6 miles from Evesham, 9 miles from Worcester, 6 miles from the M5 J7.
Accommodation
Retail - 150 sq m (1,615 sq ft)
Residential - 86 sq m (926 sq ft)
Total GIA - 236 sq m (2,540 sq ft)
Terms
Services - It is understood that electric, water and foul water drainage are connected to the property. The commercial premises and flat both have mains gas fitted. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Investment Summary - The Freehold is for sale subject to the existing tenancies:
1. Retail - 134 High Street: £8,000 per annum (a ten year lease expiring 22/03/2022)
2. Residential - 34 Priest Lane: £595 per calendar month (£7,XXXa)
Total Annual Rent: £15,140 per annum
Planning - The commercial premises currently have planning permission to change the shop storage areas to form a separately accessed two bedroom dwelling. Wychavon District Council Reference: 19/00980/FUL. https://plan.wychavon.gov.uk/.
Business Rates & Council Tax - Rateable value £7,100 Council Tax Band A
Legal costs, VAT & References - Each party will be responsible for their own legal costs in the transaction.
EPC - Energy Efficiency Rating: E
Specification
- Freehold Investment
- Residential & Retail Use
- Development Potential
- Planning Permission to Create Further Dwelling
- Passing Rent £15,XXXa
- 236m2 (2,540 Sq. Ft) GIA