Withdrawn
Withdrawn Prior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 upper parts to the first and second floors, the property is fully let to O2, a long standing occupier of 15+ years, on a recently renewed five year lease expiring 30.06.2030 and paying £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, Vodafone, TK Maxx, and Marks & Spencer.
Tenure
Freehold
Tenancy
The property is let to Telefonica UK Limited t/a O2 on a recently renewed five year lease expiring 30.06.2030 and paying £53,000 per annum.
The lease is on full repairing and insuring terms and includes a tenants break option in the third year.
Telefonica UK 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).