Summary - Flat 1, 62 High Street, EVESHAM WR11 4HG
1 bed 1 bath Mixed Use
Income now with planning to add two flats — listed status, conversion consent granted..
- Passing rent £28,000 per annum from two ground‑floor tenants
- Planning approved (Aug 2025) to convert first floor to two flats
- Grade II listed — consent in place but works likely costly and specialist
- Freehold, very large unit approx. 3,132 sq ft, multi‑story layout
- Tenants: Subway and Family Action; both hold tenant break options
- Prime High Street location adjacent to bus stops and taxi rank
- Local area: deprived, constrained renters and above‑average crime
- Excellent mobile signal and fast broadband; good commuter links
A rare freehold, mixed‑use opportunity on Evesham High Street with immediate income and clear scope for uplift. Two ground‑floor retail units are let to Subway and Family Action, producing a current passing rent of £28,000 pa, while the substantial first‑floor office has planning approval to convert into two residential flats — offering an obvious route to increase rental or sales value.
The building is Grade II listed; listed status means any works will require careful consent and specialist contractors, but full planning permission and listed building consent for conversion have been secured (application W/25/00244/CU approved August 2025). Long leases are in place at ground level but both have tenant break options (third/sixth year for Family Action; fifth year for Subway) and upward‑only rent reviews that limit downside on review dates.
This is a large property (approx. 3,132 sq ft) in a prominent town‑centre position adjacent to bus stops and close to the taxi rank, with excellent mobile signal and fast broadband — attractive for future residents or tenants. Note the local context: a deprived area with above‑average crime rates and a high proportion of constrained renters, which will affect rental levels and management considerations.
For investors comfortable with listed building requirements and longer‑term asset management, the asset offers steady income now and tangible value‑add via conversion. Buyers should allow budget for specialist listed‑building works, factor in tenant break risks, and carry out their own surveys and planning checks.
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