Mixed use under offer

Pershore Market Property Portfolio

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'

Pershore Market Property Portfolio, Pershore, Worcestershire WR10 1EY

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Local authority: Wychavon District Council Civic Centre, Queen Elizabeth Drive, Pershore, Worcestershire, WR10 1PT

Transportation

Airports

Birmingham 27.5m

National rail

Pershore 1.4m, Evesham 5.5m, Ashchurch for Tewkesbury 7.8m

Further information

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Lease overview

The property is offered Freehold, subject to the existing occupational leases/licences further details available on the Data Room for the investment or via the selling agents.

Planning overview

Prospective purchasers should make their own enquiries to the local planning authority. The investment benefits from a variety of planning consents falling within Classes A, B and C of Town and Country Use Classes under 1987.

The property has potential for further asset management via the obtaining of planning consents for further development on the site. Interest in the site has been received from a national pizza company. Further details are available from the selling agents upon request.

VAT

Prospective parties should rely on their own enquiries. The property is understood to be elected for VAT. The sale of the property is proposed to proceed by way of a sale of the company.

Media store

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Property marketed by:

Halls Holdings House, Bowmen Way, Battlefield, Shrewsbury SY4 3DR
Halls Commercial
Halls Commercial
Quote reference: SALE-39669

*Multi let mixed use property portfolio comprising of retail units, Pershore Retail Market offices and residential units *Asset management opportunity with further development potential (SSC) or potential future 'break up' opport

£5,400,000