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Our Summary
- Located within a busy High Street position amongst a mix of national and independent occupiers, the asset offers an attractive investment opportunity in an established Worcestershire market town
- Investment Summary - The property represents a strong mixed-use investment opportunity generating a total income of £44,700 per annum
- Overall, the property has seen a total rental uplift of £1,401 per annum since the previous review, highlighting continued growth potential
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Description
The property is a mixed-use freehold investment located in the heart of Evesham town centre. It features a ground floor commercial unit, let to Midshires Care Ltd on a new 5-year lease, providing modern office space with reception, meeting areas, and ancillary accommodation. The upper floors comprise three self-contained residential flats, each offering well-proportioned accommodation with good natural light, and all are in good lettable condition.
The property benefits from a strong and diversified income stream, with a total annual income of £44,700. The ground floor unit falls within Use Class E, allowing a variety of potential uses, while the upper floors are in residential use (C3). The property has recent rental growth and well-presented accommodation throughout, with all mains services connected and current gas and electrical safety certificates.