Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A
Key Features: • Ground floor commercial premises • Let on a 5-year lease • Gross return of 7.5% • Recently refurbished, ready for continued occupation • Secure income stream, flexible layout, potential for long-term capital appreciation • EPC Rating: B
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 21 High Street, Alcester, B49 5AE
Full Description: An excellent opportunity to acquire a double-fronted ground floor commercial property situated on Evesham Street, extending to a Gross Internal Area (GIA) of approximately 155.8 sq m (1,678 sq ft). The property represents a robust investment, currently let on a five-year lease with a rent review at year three, providing a gross yield of 7.5%.The building has recently undergone a refurbishment and benefits from predominantly open-plan accommodation, comprising a main retail area, kitchen, two storage rooms, a boiler room, and a W.C. The layout provides flexibility for a range of commercial uses, subject to planning consent, and is suitable for continued occupation by the existing tenant or alternative operators.The property is located in a well-established commercial area, with good pedestrian and vehicular access, close to local amenities and transport links. Its prominent double-fronted façade provides excellent visibility and potential for brand presence.This investment offers a secure income stream and the potential for long-term capital appreciation in a desirable location, making it a suitable acquisition for investors seeking both stability and future growth opportunities.The property is subject to VAT.Information - Services:Mains drainage, electricity and water are connected to the property. Tenure:The property is Leasehold with a 999 year lease (share of the freehold).Broadband:Superfast broadband speed is available in the area, with predicted highest available download speed 97 Mbps and highest available upload speed 20 Mbps. For more information visit: Fixtures & Fittings: All those items mentioned in these particulars will be included in the sale, others, if any, are specifically excluded. Viewing:Strictly by prior appointment with Earles / ).Earles is a Trading Style of 'John Earle & Son LLP' Registered in England. Company No: OC326726 for professional work and 'Earles Residential Ltd' Company No: 13260015 Agency & Lettings. Registered Office: Carleton House, 266 - 268 Stratford Road, Shirley, West Midlands, B90 3AD.BrochuresEvesham Street, Alcester
