3-5 Evesham St 1,574 sq ft Retail Property Alcester B49 5DS £155,000 (£98.48/sq ft)

Unique investment opportunity. Tenanted retail unit (bridal shop) within a popular town location, with current rent payable £15,000 p.a. (+VAT) with future potential to increase (by agreement and extension to current lease). Leasehold with 969 years remaining, an effective Freehold. Well presented property with a well established Tenant in situ.
ACCOMMODATION
Retail area: 45 ft 5 in max x 28 ft 7 in max
Office
W.C.
Kitchen
Rear access.
OUTSIDE
On street parking within the village.
SERVICES AND HEATING
Mains electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)
Electric central heating.
EPC RATING - B
TENURE
Leasehold subject to Lease.
Term: 999 years from 29/09/1996
Service charge: £580 per quarter
Service charge period: 01/07/2026 - 30/09/2026
Ground rent: Nil
LEASE
Term: 5 years
Commenced: November 2024 (3 year break)
Rent payable: £15,000 p.a. + VAT
ADDITIONAL COSTS
Administration Fee: £1,440 (£1,200 plus VAT)
Buyer's Premium: £1,440 (£1,200 plus VAT)
Please see the legal pack for any further costs