Summary - CHURCH STREET CENTRE, 20, CHURCH STREET WR11 1DS
1 bed 1 bath Commercial Development
Income-producing freehold in central Evesham with redevelopment potential subject to planning.
Freehold single-storey building, approx. 1,173 sq ft
A compact, single-storey freehold investment in central Evesham offered at a Guide Price of £140,000. Let on an occupational lease producing £14,500 pa, the current passing rent reflects a headline gross yield of about 10.35% based on the guide price, delivering immediate income for an investor.
The building is a mid‑20th century brick-and-tile former medical practice of approximately 1,173 sq ft on a large, level town-centre plot with generous on-site parking and disability access. Its single-storey footprint and prominent location make it straightforward to operate as a community or office facility, or to consider for conversion or redevelopment subject to planning and vacant possession.
Important constraints are material: the lease was granted from 28 August 2020 and expires in August 2030 (about five years remaining). Short unexpired lease length may deter mortgage lenders and reduce buyer pools. The sale is also subject to a 40% uplift covenant (overage) for 25 years on any value enhancement from later residential planning permission or Permitted Development.
Practical attributes include gas central heating, fast broadband and excellent mobile signal, plus easy road and rail connections. Note the local area records above-average crime and measures of deprivation — relevant for occupational or residential repositioning. Investors should factor in the lease term, overage covenant and potential planning requirements when valuing redevelopment upside.
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