Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a prime pedestrianised pitch in the heart of Worcester.
Arranged as a ground floor retail unit with ancillary space to the three upper floors, the property is fully let to Vodafone on a five year lease expiring 26.06.2027 and paying £41,000 per annum.
We understand the tenant has served a Section 26 notice for renewal of the lease for a new five year term. Therefore we consider the property may offer asset management potential via renewal of the lease and improvement of rent, with the adjacent 47 High Street let for £53,000 per annum.
The property occupies a prime pitch fronting the pedestrianised High Street. The street is characterised by a number of national retailers including Fraser Hart, O2, TK Maxx, and Marks & Spencer.
Tenure
Freehold
Tenancy
The property is let to Vodafone Limited on a five year lease expiring 26.06.2027 and paying £41,000 per annum.
The lease is on full repairing and insuring terms.
Vodafone Limited
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).