Commercial Property for saleThe Shambles, Worcester, WR1 2RE
3,909 sq. ft. | £970,000
- 3,909 sq ft (363 sq m)
- Located in the historic cathedral City of Worcester
- Located in a prime retailing destination
- Let to JD Sports Fashion PLC on a lease expiring 31st July 2023 with Tenants option to determine on the 1st August 2018
- Passing rent £77,000 per annum, reflecting £61.85 Zone A
- Energy Performance Rating E
The City has a population approaching 100,000, whilst the county of Worcestershire has a population in excess of 566,000.
Worcester is a major retailing destination with two department stores, House of Fraser and Debenhams together with two shopping centres, being Crown Gate and Cathedral Plaza.
Cathedral Plaza is currently undergoing a full refurbishment and reconfiguration and has attracted new occupiers to the city, namely Byron Burgers, Cosy Club, All Bar One, Miller & Carter, Fitness4less & ASK.
In addition Reindeer Court is a part covered arcade housing many boutique retailers.
The Shambles is a principle retailing destination alongside the High Street, linking Pump Street to Mealcheapen Street, which is itself a link to St Martin's Quarter Shopping Centre, where occupiers include Sports Direct, Costa, Asda and B & M Bargains.
Nearby occupiers include; The Sony Centre, TK Maxx, Greggs Argos, Blacks and Marks and Spencers.
The property comprises a two storey retail premises, regular in shape having extensive frontage to The Shambles. It has recently been subject to a refit by the Tenant.
The ground floor comprises an open plan sales area with ancillary store and goods lift. The first floor is utilised for storage. It contains shelving and racking throughout. A kitchen, ladies and gents wc's and store are located at first floor level.
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