Retail Property (high street) for sale

63-65 Sidbury, Worcester, Worcestershire, WR1 2HU

Under Offer 731 sq. ft. | £180,000

Property Description

Commercial information

  • 731 sq ft (67 sq m)
  • Use class orders: A1 Shops

Key features

  • Freehold Retail Investment Opportunity
  • Prominent location in Worcester Town Centre
  • Comprises two retail units (1 currently let)
  • Passing rent - 8,790 per annum with excellent scope to increase
  • Unexpired term of 15 years with no break clause
  • NIY of 4.78% allowing for purchasers costs of 2.13%, rising to 8.96% once fully let

Full description

Tenure: Freehold

DESCRIPTION
The property comprises the freehold interest in a pair of prominently located retail shops in Worcester City Centre and the ground rents for two flats above. One of the retail units is currently occupied by Vision Hair Salon on a 20 year lease expiring on 01/11/2031. The adjacent unit is currently vacant and provides an ideal opportunity to generate an additional rental income of approximately 7,500 pax, thus producing a total income of 16,290 pax

LOCATION
The property is located in a prominent position fronting Sidbury Street in Worcester Town Centre. Worcester is situated 17 miles southwest of the southern suburbs of Birmingham and has an approximate population of 100,000. Junction 7 of the M5 is approximately 2 miles north east providing excellent road links to the South East of England and the North via the M6.

The property lies approximately 200 yards from the high street with an array of notable nearby occupiers including Nandos, Pizza Express, Vue Cinemas, Marks & Spencer's, Next and H&M. Furthermore the property is within walking distance of Worcester Forgate Street and Worcester Shrug Hill Station, providing excellent national and local rail links.

TENANCY INFORMATION
The current income totals 8,790 per annum, representing a Net Initial Yield of 4.78% after deducting purchasers costs of 2.13%, rising to 8.96% once fully let. For further information see attached details.

VAT
We are advised that VAT does not apply in this instance, however, prospective purchasers should satisfy themselves in this regard.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Worcester Foregate Street (0.6 mi)
  • Worcester Shrub Hill (0.6 mi)
  • Malvern Link (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Worcester Foregate Street (0.6 mi)
  • Worcester Shrub Hill (0.6 mi)
  • Malvern Link (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 63-65_Sidbury_Street_Worcester. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, West Bromwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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