WR11 70-72 High Street, Honeybourne, Evesham

Income Producing Commercial Investment With Future Conversion/Development Potential fronting the High Street and comprises a three-storey, mixed-use steel-frame building constructed in the 1990s, with brick elevations, a tiled roof and double-glazed windows.

To the rear is a tarmac-surfaced car park providing 20 spaces, accessed from Swan Lane and used by the occupational tenants.

Separate to the main Property is further land comprising a car park located by Evesham Railway Station which is included in the sale and over which Rooftop currently has a right to park. This is currently marked out for 34 spaces and extends to circa 0.2 acres.

When constructed in the 1990s, the ground floor comprised a large Co-op store and car park, with

Rooftop Housing Group occupying the upper-floor office accommodation from the outset.

More recently, the current owners secured planning permission, demolished the rear extension to the former Co-op and the side building on Swan Lane, and sold the rear part of the Property, including a large car park, to Churchill Retirement, which has since developed Bewick Court apartments.

The remaining vacant ground-floor accommodation within the retained main building was refurbished following planning permission for up to three Class E units and the creation of a new 20-space car park. Those units are now occupied by two tenants, while the balance of the ground floor and the two upper floors are let to Rooftop Housing Group Limited.

If Rooftop Housing Group Limited vacates the building at its lease break or lease expiry, the upper floors

are considered well suited to residential conversion, supported by the existing on-site car parking.

Rooftop Housing Group Limited currently has rights to park on the land by the railway station. If that land becomes available, it is considered to have potential for commercial station car parking or for residential development, all subject to the necessary consents.

Evesham is an established Worcestershire market town with an urban population of approximately 28,100 and a wider district population of around 113,000, according to the 2021 Census.

The town centre offers a mix of national and independent retailers, supported by out-of-town retail parks and established industrial estates on the edge of the town.

Evesham is located approximately 14 miles southeast of Worcester, 17 miles northeast of Cheltenham, 24 miles northeast of Gloucester, 32 miles south of Birmingham and 103 miles northwest of London.

The M5 motorway, providing access between the Midlands and South West England, lies approximately 9

miles to the west.

Evesham railway station is approximately 460 metres north of the Property and provides direct services to Worcester Foregate Street in around 26 minutes, Reading in around 1 hour 24 minutes and London Paddington in around 1 hour 48 minutes.

Birmingham Airport is located approximately 32 miles to the north.

Annual Rental £146,825

GIY: 8.9%

GIY Mar 2027: 9.69%

54 car spaces