9 Port Street fronts onto the lower end of Port Street and is within walking distance of Eveshams 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.
9 Port Street comprises a retail unit with 3 flats and a cottage behind. It fronts onto Port Street, with the restaurant benefiting from a large retail window. The restaurant is currently vacant and is fully equipped for Thai cuisine.
All four of the residential units are currently let under an AST and are included in the freehold sale price. Details of all current tenancies are incuded below under the heading Terms.
Ground Floor Retail: 112.8 m²
Front Dining Area- 25m²(267.75ft²)
Middle Dining/Bar- 34.19m²(366.17ft²)
Rear Dining Area- 33.85m²(362.53ft²)
The restaurant has approximately 48 covers.
Flat 1: 20.4m²(220ft²)
Bedroom 1- 16.76m²(179.5ft²)
Bedroom 2- 12.10m²(129.60ft²)
Flat 3: 61.21m²(659ft²)
Bedroom 1- 11.56m²(123.81ft²)
Bedroom 2- 10.84m²(116.10ft²)
The property is serviced by mains electricity, water, drainage & gas. Interested applicants are advised to verify that the services can be transferred over at the point of sale.
All currently an AST which is holding over, current rent:
Rateable value as stated by the 2017 VOA for the commercial unit:
Council Tax band for all residential:
The commercial 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. The residential flats are not elected for VAT.
Each party to bear the responsibility of their individual legal costs involved in the drafting of a sale contract.
By prior arrangement through the agents office.
Contact Tony Rowland at SBK Commercial at 6, Abbey Lane Court, Evesham, Worcestershire, WR11 4BY
Tel: 01386 765700
A3 - Restaurants / Cafes, Refurbishment Opportunities, Residential, Commercial
For Sale - FOR SALE Fully Equipped Commercial Restaurant & Residential Investment Retail extending to 112.8m² (1213ft²) OIRO £500,000