Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a prominent pitch on a high footfall pedestrianised street.
Arranged across ground and first floors, the property is fully let to Blacks Outdoor Retail Limited, a long standing occupier of 15+ years, on a recently renewed five year lease expiring 30.01.2031 and paying £45,000 per annum.
The property occupies a prominent pitch fronting the Shambles, a high footfall pedestrianised street in the heart of Worcester. The surrounding area is characterised by a mix of local and national retailers including Card Factory, Max Spielmann, and JD Sports. Reindeer Court arcade is immediately opposite.
Tenure
Freehold
Tenancy
The property is fully let to Blacks Outdoor Retail Limited, a long standing occupier of 15+ years, on a recently renewed five year lease expiring 30.01.2031 and paying £45,000 per annum.
The lease is on full repairing and insuring terms and includes no break clauses. We understand the tenant has been in occupation for 15+ years, previously trading as Millets before the aquisition by Blacks and subsequent rebranding to Go Outdoors.
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).