Next auction Thursday 25th April 2.30PM

7-8, Waterside, Evesham, Worcestershire, WR11 1BS



Sold
£304,000
Sold
£304,000
Sold
£304,000
Sold
£304,000
Guide price

£225,000 - £250,000


Property Type

Mixed Use


Key Features

  • Mixed use investment comprising a restaurant with two residential flats above
  • Fully tenanted at £32,000 pa
  • Reported to be let for 21yrs from 2004 at £20,000 pa
  • Fronting onto Waterside, overlooking the River Avon

Part of the 27 September 2017 auction
Nottingham Racecourse at 2.30PM

Mixed use investment property comprising a restaurant with two residential flats above. Reported to be fully let & producing £32,000 pax*

  • Fronting onto Waterside, overlooking the River Avon
  • Grade II listed building of traditional construction
  • A well-established & successful restaurant
  • Reported to be let for 21yrs from 2004 at £20,000 pa
  • Flats accessed by a separate stairway with shared lobby area
  • 7b (first floor) and 7a (second floor)
  • Both flats are self contained and both presently let
  • The Flats are reported to produce £12,000 pa
  • Combined income reported to be £32,000 pa
  • Close to the town centre amenities

Contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to the existing tenancies. *No copy tenancy documents available at time of going to print. Rents detailed below have been provided by a third party & have yet to be verified as correct. Buyers to make their own enquiries.

Email: sophie-jennifer.pyle@footanstey.com
Telephone: 0117 9154976

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