Angel Mall Angel Place Worcester Worcestershire WR1 3QN

  • Angel Mall<br>Angel Place<br>Worcester<br>Worcestershire<br>WR1 3QN

Angel Mall
Angel Place
Worcester
Worcestershire
WR1 3QN

Freehold Restaurant Investment

  • Prominent city centre corner location
  • 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    Withdrawn Prior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
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Restaurant Investment

  • Prominent city centre corner location
  • 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  • Status Withdrawn Prior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.

Contacts

Seller's Solicitors
Harrison Clark Rickerbys Limited Ellenborough House, Wellington Street
Cheltenham
Gloucestershire
GL50 1YD
Mark Fabian +44 1242 246 420 mfabian@hcrlaw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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