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Bridge Street, Evesham

Guide price £525,000


EXCITING MIXED INVESTMENT opportunity in Evesham town centre, close to the Abbey Park and river Avon. 62 Bridge Street is a substantial investment property, comprising a ground floor café/ RESTAURANT & THREE REFURBISHED FLATS. The building is fully occupied with a current rental income of £33,540 per annum (gross).

Summary
A mixed-use investment opportunity in Evesham town centre, close to the Abbey Park and river Avon.

62 Bridge Street is a substantial investment property, comprising a ground floor café/ restaurant and three refurbished flats. The building is fully occupied with a current rental income of £33,540 per annum (gross).

The Property
Bridge Street Kitchen Café
3-year lease term from October 2021
£12,000 per annum, rising to £15,000 per annum from April 2023.

Flat 1 (First Floor)
Two bedrooms
Let on an Assured Shorthold Tenancy (AST) at
£650 per calendar month.

Flat 2 (Second Floor)
Two bedrooms
Let on an Assured Shorthold Tenancy (AST) at
£595 per calendar month.

Flat 3 (First Floor)
One bedroom
Let on an Assured Shorthold Tenancy (AST) at
£550 per calendar month.

Outside; a side access and rear courtyard provides adequate bin storage and an entrance to the rear of the café premises.

62 Bridge Street is not listed but is within the conservation area.

An adjacent two-bedroom cottage with its own garden is also available (by separate negotiation).

Location
The historic market town of Evesham sits on the banks of the river Avon, amidst beautiful Worcestershire countryside.

Bridge Street is a primary shopping area within the town centre and would be further enhanced under current proposals to redevelop the Riverside Shopping Centre, subject to necessary approvals. Please enquire for further information.

Approximately 14-miles from Stratford Upon Avon and 17-miles from Cheltenham, Evesham is also well connected for the M40/M42 & M5 motorways.

Evesham Railway Station offers regular direct trains to London Paddington and is only 0.6-miles from 62 Bridge Street.

Important Notes
Planning enquires concerning the property and surrounding area can be made with Wychavon DC at www.wychavon.gov.uk

Environmental enquires concerning the property and surrounding area can be made with Environment Agency at www.environment-agency.gov.uk and general information can be found at www.google.com/earth

Broadband inquiries at the property concerning its availability and estimated strength and download speeds can be made with bt.com

Misrepresentation Act: These particulars are prepared with care but are not guaranteed and do not constitute, or constitute part of, any offer or contract. Intending purchasers must satisfy themselves of these particulars' accuracy by inspection or otherwise, since neither the seller nor Johnsons shall be responsible for statements or representations made. The seller does not make or give, and neither Johnsons nor any person in their employment, has any authority to make or give any representation or warranty in relation to this property.

We endeavour to make the sales details accurate, if there is any matter(s) that is particularly important to you, please check with us prior to travelling any distance to view the property. Johnsons are unable to comment on the state of repair or condition of the property or confirm that any services equipment or appliances are in satisfactory working order. Reference to tenure is based upon information supplied by the vendor. Fixtures and fittings not included.

Please note that offers made on this property may be qualified by our mortgage broker, in order to demonstrate due diligence on behalf of our clients. For an indication of possible mortgage products available, please go to https://www.johnsons-property.com/pages/mortgages. Johnsons Property Consultants reserve the right to earn a referral fee from third party providers, if instructed.

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