Offers in region of
£800,000
(£168.00/sq. ft)
Property for salePort Mews, Port Street, Evesham WR11
4,762 sq. ft
Just added
Freehold
About this property
Gross Yield 12.68%
Mixed Asset Investment
Four Residential Units forming a 16 bed HMO
Erv - £113,000 Per Annum
Parking For Multiple Cars
Freehold Sale
** Est. Gross yield return on investment - 12.68% ** - A substantial freehold HMO investment opportunity, centrally located and offering exceptional flexibility, diverse income and long-term redevelopment potential.
Location
Occupying a central town location, the property is ideally positioned close to a wide range of amenities and enjoys excellent access to local and far-reaching transport links. This positioning supports consistent rental demand across both the residential and commercial elements.
Description
The residential element is arranged to provide 16 HMO rooms, configured across four self-contained residential units, each comprising four lettable rooms with shared kitchen and bathroom facilities. The residential accommodation will be sold with vacant possession, allowing an incoming purchaser to re-let, reconfigure, or repurpose the space to suit their preferred investment strategy.
The property is fully licensed where applicable, with compliant fire alarm systems and fire regulations in place, ensuring a smooth transition for continued HMO operation or alternative use. Of the 16 rooms, four have been recently renovated, with a further eight recently redecorated, providing a strong balance between immediate lettability and further value-add potential through continued improvement.
In addition to the residential accommodation, the property benefits from a separate commercial unit, currently let to a long-standing beauty parlour tenant. The commercial lease has just under three years remaining, offering a secure and established income stream with the tenant remaining in situ.
Investment Summary
20 Port Street is let as a beautician & hair salon on an internal repairing and insuring lease that includes the shop frontage for annual passing rent of £7,200 with 3 years unexpired remaining. The lease is available upon request.
The 16 bedrooms were generating an income of £90,900 per annum. The rooms will be sold with vacant possession and newly renovated with a estimated rental value expected to achieve a figure in the region of £113,000. The HMO is fully compliant with planning approved under application number: W/25/02001/ful
Services
It is understood that electric, water and foul water drainage are connected to the property. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Energy Performance Certficate
EPC Rating: C
All certificates are available on request
Business Rates
Future rateable value (from 1 April 2026) - £9,300
Vat
The property is elected for VAT and therefore will be charged as additional to the agreed sales price.
Viewing
To discuss the property or to arrange a viewing please contact the Commercial Team on or
Important Notes
We are required by hmrc to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.
Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice.
Location
Occupying a central town location, the property is ideally positioned close to a wide range of amenities and enjoys excellent access to local and far-reaching transport links. This positioning supports consistent rental demand across both the residential and commercial elements.
Description
The residential element is arranged to provide 16 HMO rooms, configured across four self-contained residential units, each comprising four lettable rooms with shared kitchen and bathroom facilities. The residential accommodation will be sold with vacant possession, allowing an incoming purchaser to re-let, reconfigure, or repurpose the space to suit their preferred investment strategy.
The property is fully licensed where applicable, with compliant fire alarm systems and fire regulations in place, ensuring a smooth transition for continued HMO operation or alternative use. Of the 16 rooms, four have been recently renovated, with a further eight recently redecorated, providing a strong balance between immediate lettability and further value-add potential through continued improvement.
In addition to the residential accommodation, the property benefits from a separate commercial unit, currently let to a long-standing beauty parlour tenant. The commercial lease has just under three years remaining, offering a secure and established income stream with the tenant remaining in situ.
Investment Summary
20 Port Street is let as a beautician & hair salon on an internal repairing and insuring lease that includes the shop frontage for annual passing rent of £7,200 with 3 years unexpired remaining. The lease is available upon request.
The 16 bedrooms were generating an income of £90,900 per annum. The rooms will be sold with vacant possession and newly renovated with a estimated rental value expected to achieve a figure in the region of £113,000. The HMO is fully compliant with planning approved under application number: W/25/02001/ful
Services
It is understood that electric, water and foul water drainage are connected to the property. All interested parties are advised to make their own enquiries with the suppliers to ensure continuity of supply.
Energy Performance Certficate
EPC Rating: C
All certificates are available on request
Business Rates
Future rateable value (from 1 April 2026) - £9,300
Vat
The property is elected for VAT and therefore will be charged as additional to the agreed sales price.
Viewing
To discuss the property or to arrange a viewing please contact the Commercial Team on or
Important Notes
We are required by hmrc to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.
Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
VAT: The VAT position relating to the property may change without notice.
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