Adjacent to Bus Station and Crowngate Shopping Centre
200 metres from Worcester University City Campus adjacent to a public house and a nightclub
Lease expires 2032 (1)
Lot 60
Auction 28th March 2018
Rent £45,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Restaurant
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
24 miles north of Cheltenham, 26 miles south-west of Birmingham, 34 miles south-west of Royal Leamington Spa, 56 miles north-west of Oxford
Roads
A44, A440, A449, M5 (Junction 7)
Rail
Worcester Foregate Street Railway Station, Worcester Shrub Hill Railway Station
Air
Birmingham International Airport
Situation
Worcester, a cathedral and university city with a population of approximately 100,000, is located on the River Severn 24 miles north of Cheltenham, 26 miles south of Birmingham, 34 miles south-west of Royal Leamington Spa and 50 miles north of Bristol. The city benefits from good rail and road links. The property is situated in a prominent city centre corner location, Worcester bus station is located close by, with Foregate Street Railway Station located 200 metres to the north and Worcester Racecourse some 400 metres to the west. The property is located on Angel Place at its junction with Angel Street, overlooking the pedestrianised Angel Place. Nearby occupiers include Vision Express, Ryman, Betfred and McDonald’s. The property is adjacent to a public house and a nightclub.
Tenure
Freehold.
Location
Miles
24 miles north of Cheltenham, 26 miles south-west of Birmingham, 34 miles south-west of Royal Leamington Spa, 56 miles north-west of Oxford
Roads
A44, A440, A449, M5 (Junction 7)
Rail
Worcester Foregate Street Railway Station, Worcester Shrub Hill Railway Station
Air
Birmingham International Airport
Situation
Worcester, a cathedral and university city with a population of approximately 100,000, is located on the River Severn 24 miles north of Cheltenham, 26 miles south of Birmingham, 34 miles south-west of Royal Leamington Spa and 50 miles north of Bristol. The city benefits from good rail and road links. The property is situated in a prominent city centre corner location, Worcester bus station is located close by, with Foregate Street Railway Station located 200 metres to the north and Worcester Racecourse some 400 metres to the west. The property is located on Angel Place at its junction with Angel Street, overlooking the pedestrianised Angel Place. Nearby occupiers include Vision Express, Ryman, Betfred and McDonald’s. The property is adjacent to a public house and a nightclub.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant with dining area, kitchen and WCs.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor restaurant with dining area, kitchen and WCs.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Restaurant
539 sq m
(5,800 sq ft)
INDIVIDUAL t/a U Canteen Chinese Restaurant
15 years from 01 /08/2017 (1) on a full repairing and insuring lease.
£45,000 (2)
2022 and 5 yearly (1)
Total
539 sq m
(5,800 sq ft)
£45,000
(1) Tenant option to break 31.07.2020 upon 6 months’ prior notice. If break option not exercised, rent increases to £48,000 per annum. (2) Rent deposit of £11,250 held.
