Retail Property (high street) to rent

College Street, Worcester, Worcestershire, WR1

£20,000 pa| £1,667 pcm

Property Description

Letting information:

Date available: Now

Full description

Retail Unit TO LET

Worcester City Centre.
Close To Cathedral Square, Pizza Express, Vue Cinema.
Opposite Worcester Cathedral.
Net Sales area 1,160 sq ft

LOCATION
The premises are prominently located on one of the main arterial roads leading into Worcester City Centre from Junction 7 of the M5. The property is close to the newly refurbished Cathedral Square scheme. The premises are directly opposite Worcester Cathedral and close to Pizza Express, Vue Cinema etc.

ACCOMMODATION
Approximate internal areas and dimensions are detailed below:

Internal Width 25 ft 6 inch 7.8 m
Shop Depth 46 ft 1 inch 14 m
Net Sales Area 1160 sq ft 108 sq m
Storage/Staff Area 415 sq ft 38 sq m

LEASEHOLD
The property is held on a 5 year lease from the 5th January 2015 at a rental of £16,000 per annum.

BREAK CLAUSE
The lease contains a tenant only option to break in January 2018.
We are advised that the lease is within the landlord and tenant act 1954.

RATING ASSESSMENT
The property is currently listed with the local authorities at a rateable value of £12,250, rates payable £6,088.25. Interested parties are advised to make their own enquiries direct.

ENERGY PERFORMANCE CERTIFICATE
The property has a rating of 122 (Band E). A copy of the Energy Performance Certificate is available upon request.

LEGAL COSTS
Each party are to be responsible for their own legal costs incurred in this transaction.

REFERENCES
The successful applicant for a tenancy will need to provide a satisfactory bank, accountants, solicitors, landlord and two satisfactory trade references for submission to the Landlord. In respect of a limited company the last three years audited trading accounts.

VAT
We understand that VAT is payable on the rental. However interested parties are advised to make their own enquiries.

SERVICE CHARGE & BUILDING INSURANCE
In addition to rent & rates, the ingoing tenant will be responsible for the payment of a variable service charge, together with building insurance. Detailed spreadsheets are available up on request.

MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Tenant.


More information from this agent

Nearest stations

  • Worcester Foregate Street (0.4 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:

Andrew Grant Commercial, Bromsgrove

485 Birmingham Road, Marlbrook, Bromsgrove, B61 0HZ

01527 338090 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 (0.4 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:

Andrew Grant Commercial, Bromsgrove

485 Birmingham Road, Marlbrook, Bromsgrove, B61 0HZ

01527 338090 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.

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Property reference AGC160176_L. 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 Andrew Grant Commercial, Bromsgrove .

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