31 & 32 The Shambles Worcester Worcestershire WR1 2RE

31 & 32 The Shambles
Worcester
Worcestershire
WR1 2RE

Freehold Retail Investment

Comprises two adjoining shops
One shop let to tenant trading as Celly's Hairstyle International
Lease expires June 2026 (subject to option)
Tenant break option not exercised in June 2021
Adjoining shop let on licence from October 2023 (2)
Prominent City Centre location, close to The Guildhall of Worcester
Nearby retailers include Marks & Spencer (opposite rear entrance), Tesco Express, Boots the Chemist, Superdrug, Caffè Nero, Costa Coffee and WHSmith

Lot
41
Auction
2nd November 2023
Rent
£38,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment

Comprises two adjoining shops
One shop let to tenant trading as Celly's Hairstyle International
Lease expires June 2026 (subject to option)
Tenant break option not exercised in June 2021
Adjoining shop let on licence from October 2023 (2)
Prominent City Centre location, close to The Guildhall of Worcester
Nearby retailers include Marks & Spencer (opposite rear entrance), Tesco Express, Boots the Chemist, Superdrug, Caffè Nero, Costa Coffee and WHSmith

Lot 41
Auction 2nd November 2023
Rent £38,500 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 22 miles south west of Birmingham, 22 miles north of Gloucester
Roads: A38, A44, M5
Rail: Worcester Foregate Street, Worcester Shrub Hill
Air: Birmingham Airport

Situation

The property is prominently situated on the pedestrianised The Shambles, which runs parallel to High Street, where The Guildhall of Worcester and Cathedral Square Shopping Centre are located. Nearby retailers include Marks & Spencer, Tesco Express, Boots the Chemist, Superdrug, Caffè Nero, Costa Coffee and WHSmith.

Tenure

Freehold.

Location

Miles: 22 miles south west of Birmingham, 22 miles north of Gloucester
Roads: A38, A44, M5
Rail: Worcester Foregate Street, Worcester Shrub Hill
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises two shops, each arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

The property comprises two shops, each arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
31 The Shambles	Ground First Second	Retail/Ancillary Ancillary Ancillary	77.11 42.73 22.76	(830) (460) (245)	G. ONAY (t/a Cellys Hairstyle International) (1)	10 years from 24/06/2016	£29,500
32 The Shambles	Ground First Second	Retail/Ancillary Ancillary Ancillary	93.83 - -	(1,010) - -	ZOMATO LIMITED	Licence from 10/10/2023 at £750 pcm (2)	£9,000
Total			236.43	(2,545)			£38,500

(1) Celly’s Hairstyle International are a chain of High Street hair salons that trade from over 41 stores across the UK (www.cellys.co.uk)
(2) Let by way of a licence to an I-Repair shop at £750 pcm plus VAT with a mutual break clause after 3 months exercisable on one month's notice. The tenant is due to take occupation shortly.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.