10-20 Bridge Street Evesham,Worcestershire WR11 4RR
PHONES 4 U
LESLEY ASHWORTH GREGGS
Location Estimated District Population: 113,000 Miles: 16 miles north-east of Cheltenham 17 miles south-west of Stratford-upon-Avon
Roads: A44, A46, M5, M50
Position The property is located in a prime location on pedestrianised Bridge Street, between the two entrances to the Riverside Shopping Centre, in the heart of Evesham town centre and close to Market Place.
Nearby: Boots the Chemist,WH Smith, Costa, Dorothy Perkins, Clarks and Specsavers
First/Second Residential – understood to comprise 4 Flats
Total Commercial Area Net Internal Areas
68.74 sq m 66.88 sq m
(740 sq ft) (720 sq ft)
Tenant
GLITZ ACCESSORIEZ LIMITED (2)
86.39 sq m (930 sq ft) GREGGS PLC (3)
59.45 sq m (640 sq ft) PHONES 4U LIMITED (4)
– (–) 281.46 sq m(3,030 sq ft)
THE GLASS HOUSE LIMITED
Term
10 years from 1st July 2010 with a rent review in 2015
15 years from 28th June 2002 with a rent review in 2012
15 years from 16th September 2002 with a rent review in 2012
999 years from 28th March 2003
Total Rent
Rent £ p.a. £20,000
£29,250 £21,750 £50 £71,050
(1) Areas provided by the Joint Auctioneers. (2) Trading as Lesley Ashworth. (3) Greggs plc, for the year to 01/11, reported a turnover of £662 million, pre-tax profits of £52.5 million and a net worth of £175 million. (Source: One Source One-Stop Report)
(4) Phones 4U Limited, for the year to 12/10, reported a turnover of £746 million, pre-tax profits of £87 million and a net worth of £205 million. (Source: One Source One-Stop Report)
Description THREE SHOPS arranged on the ground floor and basement. The upper parts (first and second floors) comprise residential accommodation, sold off on a long lease.
Tenure Freehold.
VAT is applicable to this lot – please see Special Conditions of Sale.
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £71,050 pa
Prime Freehold Retail Investment in Historic Worcestershire Market Town
• Let to tenants including Greggs and Phones 4U
• Shop lease expires in 2017 and 2020
• Three shops located in prime town centre location
• 6Week Completion Available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Fairweather Stephenson Solicitors. t: 01728 454595. e: mfairweather@fairweatherstephenson.co.uk Ref:MFairweather Esq. Joint Auctioneers Harper Dennis Hobbs. t: 020 7462 9116. e: jamiestrachan@hdh.co.uk Ref: J Strachan Esq.