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Vodafone, 46 High Street, Worcester

Guide price

£325,000

Auction

Size

3,117

Tenure

Freehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • High Yielding Retail Investment
  • Retail Unit and Upper Parts
  • Fully Let to Vodafone
  • Five Year Lease Expiring 26.06.2027
  • Section 26 Served by Tenant for Lease Renewal
  • Asset Management Potential
  • 3,117 sq ft (289.6 sq m)
  • Prime Pedestrianised Pitch
  • Investment Let at £41,000 p.a. (12.6% GIY on Guide Price)

Description

The property comprises a high yielding retail investment occupying a prime pedestrianised pitch in the heart of Worcester.

Arranged as a ground floor retail unit with ancillary space to the three upper floors, the property is fully let to Vodafone on a five year lease expiring 26.06.2027 and paying £41,000 per annum.

We understand the tenant has served a Section 26 notice for renewal of the lease for a new five year term. Therefore we consider the property may offer asset management potential via renewal of the lease and improvement of rent, with the adjacent 47 High Street let for £53,000 per annum.

The property occupies a prime pitch fronting the pedestrianised High Street. The street is characterised by a number of national retailers including Fraser Hart, O2, TK Maxx, and Marks & Spencer.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

Vodafone, 46 High Street, Worcester

NEAREST STATIONS

National Rail

Worcester Foregate Street Station

0.21 miles

National Rail

Worcester Shrub Hill Station

0.53 miles

National Rail

Worcestershire Parkway Station

3.58 miles

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Disclaimer - Property reference 6406FA70-DA17-4510-9271-8B8F85217BA4. 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 Savills National , Savills Auctions- Commercial. 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.