Popular Worcestershire town with twice weekly market
Lot 57
Auction 24th May 2018
Rent £45,000 per Annum Exclusive
Status Sold
Price £525,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles south-east of Worcester, 17 miles north-east of Cheltenham, 30 miles south of Birmingham
Roads
A44, A46, M5 (Junction 9)
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation
The property is situated on the eastern side of High Street, north of its junctions with the pedestrianised Bridge Street and Market Place. Bridge Street is less than 100m away, with retailers including Boots the Chemist, Costa, Superdrug, WHSmith and Greggs. Other occupiers in the town include Aldi, JD Wetherspoon and the nearby branches of Barclays and Lloyds banks. Oat Street North and South car parks are a short walk away, with parking for over 150 cars.
Tenure
Freehold.
Location
Miles
16 miles south-east of Worcester, 17 miles north-east of Cheltenham, 30 miles south of Birmingham
Roads
A44, A46, M5 (Junction 9)
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation
The property is situated on the eastern side of High Street, north of its junctions with the pedestrianised Bridge Street and Market Place. Bridge Street is less than 100m away, with retailers including Boots the Chemist, Costa, Superdrug, WHSmith and Greggs. Other occupiers in the town include Aldi, JD Wetherspoon and the nearby branches of Barclays and Lloyds banks. Oat Street North and South car parks are a short walk away, with parking for over 150 cars.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
302.00 sq m 277.50 sq m
(3,251 sq ft) (2,987 sq ft)
ICELAND FOODS LIMITED (1)
5 years from 07/04/2018 until 06/04/2023 on a full repairing and insuring lease
£45,000
Total
579.50 sq m
(6,238 sq ft)
£45,000
(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 09/04/2018).