Freehold retail investment to purchase
£105.46 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
806 sq ft
75 sq m
- SECTOR
High street retail property for sale
Description
LOCATION
The property occupies a prominent position close to Worcester City Centre. Benefiting from excellent visibility and frontage, enjoying strong levels of passing pedestrian and vehicular traffic. The location is close to Worcester Cathedral, The Kings School Worcester and Cathedral Square. (retail / leisure).
DESCRIPTION
This ground floor retail premises has direct access onto Sidbury, with a glass shop front and door. It is offered for sale subject to the tenancy, occupied by the tenant as a beauty studio with front retail/reception area, various treatment rooms off, kitchen and WC.
ACCOMMODATION
806ft2 (74.93m2) (Gross Internal Floor Area).
SERVICES
We understand the property to have electricity, water and drainage available. Gas is connected to the 1st and 2nd floor apartment.
TERMS
The ground floor shop is currently let under an occupational lease, generating a rental income of £9,500 per annum (£11.87 psf). The lease includes a tenant break option in 2028 and is due to expire in 2031.
The freehold interest is for sale, which includes the entirety of the 3-story building, with the first and second floor apartment being held, in separate ownership, on a long leasehold basis. The lease term is for 157 years from 1986, at a peppercorn rent (Title WR177234). There is a shared repair responsibility for the structure and external repairs. There is no service charge with costs being split on an ad hoc basis.
OUTGOINGS
From 1 April 2026 the premises have a rateable value of £9,800.
VAT
We are informed by the Landlord that the premises are not subject to VAT.
VIEWING
Via the Sole Agent´s Great Witley Office
Tel: .
Nick Jethwa
Archie Tompson
Brochures
Freehold retail investment to purchase
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worcester Foregate Street Station0.5 miles
- Worcester Shrub Hill Station0.6 miles
- Worcestershire Parkway Station3.3 miles
Notes
Disclaimer - Property reference 100243005174. 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 G HERBERT BANKS COMMERCIAL, Worcester. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call G HERBERT BANKS COMMERCIAL, Worcester on 01299 667783.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”