ADDRESS43-45 Bridge Street and 2, 4 and 6 Cowl Street, Evesham, Worcestershire, WR11 4SG
TYPEGeneral Retail, Other, Residential, Retail, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON9th October 2024
Description
SUMMARY Retail and residential investment in Evesham town centre. Two retail units and x three flats. Immediate income of £42,640 per annum. Reflecting a net initial yield of 8.17% (assuming purchase costs of 4.40%). Freehold.
Evesham is a market town in the Wychavon District of Worcestershire. It is located roughly equidistant between Worcester, Cheltenham and Stratford-Upon-Avon. Access to the national motorway network is via Junction 6 of the M5 Motorway approximately 14 miles distant.
Evesham train station, which sits on the Cotswold Line between Oxford and Hereford is also only a short distance from both properties.
The property is located on the corner of Bridge Street and Cowl Street on one of the main retailing streets in Evesham town centre. The River Avon is only a short distance away.
Neighbouring occupiers include Peacocks, Halifax, HSBC, Sports Direct, Card Factory, Holland and Barrett, Greggs, WH Smith and the Riverside Shopping Centre which houses a number of independent and well know retailers.
PROPOSAL We are instructed to seek offers based on £500,000 (Five Hundred Thousand Pounds), subject to contract. A purchase at this level represents a net initial yield of 8.17% (including top up and assuming purchase costs of 4.40%).
Retail and residential investment in Evesham town centre.
Two retail units and x three flats
Immediate income of £42,640 per annum
Reflecting a net initial yield of 8.17% (assuming purchase costs of 4.40%
Grade II Listed building
Mixed use investment in town centre location ( Agency Pilot Software ref: 107904 )
