Evesham is an affluent town in the county of Worcestershire.
The town benefits from a dedicated and loyal catchment with 92,172 people living within a 20 minute drive time, increasing to 260,821 within 30 minutes.
The subject property is situated 2 miles south east of the town centre and prominently positioned fronting the A56 Evesham bypass.
The scheme and the surrounding complimentary retail offer combine to form the town’s dominant retail location.
Fully let to Halfords, Pets at Home, The Range, Countrywide Farmers and Frankie & Benny’s.
Current rent of £1,158,001 per annum, with rents between £14.33 per sq ft and £17.15 per sq ft on the retail warehouse units.
Attractive WAULT of 9.6 years (9.0 years to breaks).
Wide bulky goods planning permission prohibiting only the sale of food, shoes/clothes, toys, pharmaceuticals and jewellery.
We are instructed to seek offers in excess of £16,681,000 (Sixteen Million, Six Hundred and Eighty One Thousand Pounds), subject to contract and exclusive of VAT, which would reflect a net initial yield of 6.50% (assuming purchaser’s costs of 6.8%).