Property photos
Just added
Auction
Freehold
Guide price
£330,000
Retail premises for sale
62 Bridge Street, Evesham, Worcestershire WR11Local area information
Property location
Nearby amenities
- Swan Lane First School 0.2 miles
- St Mary's Catholic Primary School 0.4 miles
- Evesham 0.5 miles
- Honeybourne 4.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Evesham to find out more about the local area.
Features and description
- Freehold
- Freehold Vacant possession of the restaurant will be available upon completion. The flats are subject to the following tenancies.
For Sale By Public Auction on 10 July starting at 08:30 am - An attractive freehold town centre investment opportunity comprising a vacant restaurant and three let self contained flats.
Current rental income £20,700 pa Estimated full rental income £35,700 pa
The property comprises an historic building which provides a former restaurant on the ground floor, with kitchen, preparation areas, stores, staff and customer WC's.
There is a communal front door entrance having a hallway for the self contained flats which comprise of the following.
Flat 1: Hall, Kitchen, Shower Room/WC, Lounge/Dining Area, Two Bedrooms.
Flat 2: Hall, Stairs to Second Floor, Landing, Lounge, Kitchen, Two Bedrooms, Shower/WC.
Flat 3: Located on the first floor, with a lounge/kitchen, bathroom/WC and one bedroom.
Outside there is a side access walkway and rear courtyard providing adequate bin storage and an additional entrance/staff entrance to the rear restaurant area.
Location
The property occupies a prime position fronting the pedestrianised Bridge Street, a primary shopping area within Evesham town centre which will be further enhanced with the proposed redevelopment of the nearby Riverside Shopping Centre.
The property is close to the River Avon and Abbey Park.
Evesham is a historic market town popular with day trippers and located roughly equidistant between Cheltenham, Worcester and Stratford upon Avon.
Energy Performance Rating
Restaurant: D
Flat 1: D
Flat 2: D
Flat 3: D
Tenure
Freehold Vacant possession of the restaurant will be available upon completion. The flats are subject to the following tenancies.
Value Added Tax
We understand that VAT is not chargeable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Viewings of the restaurant- Strictly by appointment with the Auctioneers.
The flats- External viewings only.
Tenancy Details
Flat 1: AST at a rental of £695pcm (£8,340 per annum)
Flat 2: AST at a rental of £105 per week (£5,460 per annum)
Flat 3: AST at a rental of £575pcm (£6,900 per annum)
A part flying freehold over the side entrance, full details of tenure and tenancy documentation will be available within the legal pack.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
Current rental income £20,700 pa Estimated full rental income £35,700 pa
The property comprises an historic building which provides a former restaurant on the ground floor, with kitchen, preparation areas, stores, staff and customer WC's.
There is a communal front door entrance having a hallway for the self contained flats which comprise of the following.
Flat 1: Hall, Kitchen, Shower Room/WC, Lounge/Dining Area, Two Bedrooms.
Flat 2: Hall, Stairs to Second Floor, Landing, Lounge, Kitchen, Two Bedrooms, Shower/WC.
Flat 3: Located on the first floor, with a lounge/kitchen, bathroom/WC and one bedroom.
Outside there is a side access walkway and rear courtyard providing adequate bin storage and an additional entrance/staff entrance to the rear restaurant area.
Location
The property occupies a prime position fronting the pedestrianised Bridge Street, a primary shopping area within Evesham town centre which will be further enhanced with the proposed redevelopment of the nearby Riverside Shopping Centre.
The property is close to the River Avon and Abbey Park.
Evesham is a historic market town popular with day trippers and located roughly equidistant between Cheltenham, Worcester and Stratford upon Avon.
Energy Performance Rating
Restaurant: D
Flat 1: D
Flat 2: D
Flat 3: D
Tenure
Freehold Vacant possession of the restaurant will be available upon completion. The flats are subject to the following tenancies.
Value Added Tax
We understand that VAT is not chargeable on this transaction.
Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewing Times
Viewings of the restaurant- Strictly by appointment with the Auctioneers.
The flats- External viewings only.
Tenancy Details
Flat 1: AST at a rental of £695pcm (£8,340 per annum)
Flat 2: AST at a rental of £105 per week (£5,460 per annum)
Flat 3: AST at a rental of £575pcm (£6,900 per annum)
A part flying freehold over the side entrance, full details of tenure and tenancy documentation will be available within the legal pack.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
More information
Listed by
Bond Wolfe Auctions
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