Freehold Retail Investment with Vacant Upper Floors
Ground floor shop let until November 2029
November 2024 break option not exercised
Vacant upper floors with change of use potential (subject to consents)
Opposite Marks and Spencer and close to JD Sports, Waterstones, Caffe Nero and The Entertainer
Lot 12
Auction 13th February 2025
Rent £24,000 per Annum Exclusive plus vacant upper floors
Status Available
Guide* Contact Us
Sector High Street Retail, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles south west of Birmingham, 22 miles north of Gloucester
Roads
A38, A44, M5 (Junction 7)
Rail
Worcester Foregate Street, Worcester Shrub Hill
Air
Birmingham Airport
Situation
The property is prominently situated on the east side of the pedestrianised The Shambles, which runs parallel to High Street, where The Guildhall of Worcester and Cathedral Square Shopping Centre are located. Nearby occupiers include Marks and Spencer, JD Sports, Waterstones, Caffe Nero and The Entertainer.
Tenure
Freehold.
Location
Miles
22 miles south west of Birmingham, 22 miles north of Gloucester
Roads
A38, A44, M5 (Junction 7)
Rail
Worcester Foregate Street, Worcester Shrub Hill
Air
Birmingham Airport
Situation
The property is prominently situated on the east side of the pedestrianised The Shambles, which runs parallel to High Street, where The Guildhall of Worcester and Cathedral Square Shopping Centre are located. Nearby occupiers include Marks and Spencer, JD Sports, Waterstones, Caffe Nero and The Entertainer.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with vacant accommodation on the first and second floors. The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
D92
Description
The property comprises a ground floor shop together with vacant accommodation on the first and second floors. The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
D92
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
91.51
(985)
CCHG LIMITED t/a VPZ (1)
10 years from 01/11/2019
£24,000
First Second
Ancillary Ancillary
37.16 39.58
(400) (426)
VACANT
-
-
Total
168.25
(1,811)
£24,000
(1) VPZ is one of the UK's leading vape stores with over 170 locations (www.vpz.co.uk).
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.