June 2021: Wednesday 02 June 2021 - 9:00am
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    Key features

    • Investment let at a base rent £25,000 p.a or 8% of turnover which ever is greater figure.
    • Based on 2019 turnover figures a total rent of £33,839 PA would have been paid.
    • Possible future development potential to convert the upper floors (subject to the requisite consents)
    • Located on a busy and prominent high street parade surrounded by national retailers

    Description

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    An attractive mid terrace listed building forming part of busy retail parade in Worcester High Street.

    The property is located opposite the Worcester City Guildhall and surrounded by prominent national retailers including River Island, M&S, Costa, TK Max, Boots, Next and H&M all located on the High Street

    Ann Summers is a prominent national retailer operating 140 stores across the UK, Spain and Ireland, with an annual turnover of over £100m.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Retail unit

    1st Floor - Staircase and Landing, Store Room and WC

    2nd Floor - Staircase and Landing, Kitchen, Office and WC

    3rd Floor - Staircase and Landing and Store Room


    Tenancy

    Lease commencing 1st September 2019 on a 3 year term


    Rent

    Base rent of £25,000 p.a or 8% of turnover whichever is the greater
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located half way up on the eastern side of the High Street and directly opposite the Worcester City Guildhall.

      Worcester Foregate Street Station is located approximately 0.3 miles.

      Transport

      Worcester Foregate Street Station

      Great Western Services

      Services to Birmingham New Street, Hereford and Oxford

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums