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£225,000

for sale

Broad Street, Worcester, Worcestershire, WR1 3LY

Property Description

A fantastic opportunity to invest in this Grade II listed, refurbished commercial property with original period features.

This is a five story building with an air-conditioned open plan retail space on the ground floor together with two WCs and a kitchenette. The upper floors comprise a number of good sized rooms and would be suitable for a number of alternative uses.

Vacant possession may be available by separate negotiation.

Features

  • City Centre Location
  • Investment Opportunity
  • 138.45m2 (1,490ft²) NIA
  • EPC Band E
  • Weekly footfall of 110,000
  • Vacant possession by separate negotiation
  • Location

    The property is located on Broad Street in Worcester city centre, near to the bus station and Foregate Street Train Station.

    The property is adjacent to Cafe Nero, opposite HSBC and near to the Broad Street entrance of Crown Gate Shopping Centre.

  • Accomodation

    Ground Floor 53.36m² (574ft²)
    First Floor 30.58m² (329ft²)
    Second floor 31.25m² (336ft²)
    Third floor 23.34m² (251ft²)
    -----------------------------------
    Total NIA 138.45m2 (1,490ft²)

  • Investment Summary

    The property is let on a three year lease commencing October 2020. The lease is drafted to include the security of tenure provisions of the Landlord & Tenant Act (1954). The concessionary passing rent increases to £12,000pa October 2023 with the opportunity to revert to market rent thereafter. ERV £13,500pa.

    Vacant possession may be available by separate negotiation.

  • Services

    This property benefits from mains water and drainage, electricity, and gas central heating.

  • Legal Costs and VAT

    Each party will be responsible for their own legal costs associated with the preparation of the lease.

    The property is not elected for VAT.

  • Viewings

    To discuss the property or to arrange a viewing please contact the commercial Team on 01386 765700 or commercial@sheldonbosleyknight.co.uk

  • Important Notes

    We are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course.
    Particulars:
    These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight.
    VAT:
    The VAT position relating to the property may change without notice.

Disclaimer

Property reference . The information displayed about this property comprises a property advertisement. Wearethemarket.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and wearethemarket.co.uk has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by 61 Broad Street, Worcester. Please contact the property advertiser 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.