Call us on:   01743 450 700
Pershore Market Property Portfolio, Pershore, Worcestershire WR10 1EY 1EY
£4,750,000
PROPERTY FEATURES
  • Multi let mixed use property portfolio comprising of retail units, Pershore Retail Market offices and residential units
  • Asset management opportunity with further development potential (subject to statutory consents) or potential future 'break up' opportunity
  • Available as a company purchase offering a tax saving investment opportunity
  • An opportunity to acquire a significant strategic land interest in the sought after town of Pershore
  • Prominent town centre location in the centre of Pershore in Worcestershire
  • The opportunity comprises residential, retail and office properties uses and incorporating an establish covered market offering a good spread risk across a variety of property sections
  • Total site area of approx. 2.33 acres (0.942 ha)
  • Total gross internal floor area of buildings of approximately 36,322 sq ft (3,374.09 m sq)
  • Total current gross income of approximately £442,134 per annum
  • The investment has produced an average net income over the last 3 years of £350,000 per annum
  • Consistently low year on year vacancy rate
  • Various asset management opportunities including reversionary rental potential and redevelopment angles, subject to planning and potential for future 'break up'
  • freehold
PROPERTY DESCRIPTION

Pershore is an attractive market town on the banks of the River Avon within the Vale of Evesham. It is situated approximately 10 miles from Worcester and 6 miles from Evesham, with junction 7 of the M5 motorway being approximately 7 miles distant.

Pershore train station provides direct travel to London Paddington via Evesham with Birmingham and the north accessed via Worcester.

With a population of around 7,125 (2011 census) the town draws from the wide catchment area, and benefits from tourist attractions, such as, Pershore Abbey. The town is an important centre serving the country of Worcestershire.

The sale of this investment offers the opportunity to acquire an investment as a company purchase which offers significant tax advantages for purchasers further details are available from the selling agents. The company has been within a single family ownership for approximately 60 years. The owners have maintained near full occupancy by ensuring the property is well maintained and offering the smaller accommodation within the Pershore Market on 'easy in easy out' licences at competitive rental levels.

The investment opportunity provides a balanced mix of income from commercial and residential uses. A significant number of the tenants are long standing occupiers. The gross income is summarised below. Full details are available on application from the selling agents, who can provide a full tenancy schedule by providing access to the Data Room.

The investment comprises of a significant town centre property holding totalling approximately 2.33 acres (0.942 ha), which is situated immediately adjoining Asda supermarket, the town's only supermarket and in turn providing the central focal point alongside the subject market for the town.

The Pershore Retail Market itself comprises, a long-standing and popular retail market, which consists of a recently refurbished detached building, which internally is fitted out with a series of permanent independent market stalls.

There is surrounding this building a number of single storey and two storey buildings offering a range of office, storage, retails and residential units. The property benefits from 104 customer car spaces within the site.

PLEASE SEE THE BROCHURE BELOW FOR FURTHER DETAILS

Call us on:   01743 450 700
Pershore Market Property Portfolio, Pershore, Worcestershire WR10 1EY 1EY
£4,750,000
Call us on:   01743 450 700
Pershore Market Property Portfolio, Pershore, Worcestershire WR10 1EY 1EY
£4,750,000
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