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For Sale£970,000.00

46 The Shambles, Worcester, WR1 2RE

Retail - High Street, Other, Retail, Other Property Types & Opportunities , 3909 Sq Ft
Property type: Retail - High Street, Other, Retail, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Size: 3909 Sq Ft
Price: £970,000.00
Location: 46 The Shambles, Worcester, WR1 2RE
Worcester is a historic cathedral City located in the South West Midlands approximately 25miles South West of Birmingham and 27 miles North of Cheltenham. The City has excellent communications being adjacent to juction 6 & 7 of the M5 motorway.

The City has a population approaching 100,000, whilst the county of Worcestershire has a population in excess of 566,000.

Worcester is a major retailing destination with two department stores, House of Fraser and Debenhams together with two shopping centres, being Crown Gate and Cathedral Square.

Cathedral Square has recently been completed and has attracted new occupiers to the City, namely, Cosy Club, All Bar One, Miller & Carter, Fitness4less, Yo Sushi & ASK.

In addition Reindeer Court is a part covered arcade housing many boutique retailers.

The Shambles is a principle retailing destination alongside the High Street, linking Pump Street to Mealcheapen Street, which is itself a link to St Martin's Quarter Shopping Centre, where occupiers include Sports Direct, Costa, Asda and B & M Bargains.

Nearby occupiers include; TK Maxx, Greggs Argos, Blacks and Marks and Spencer.

The property comprises a two storey retail premises, regular in shape having extensive frontage to The Shambles. It has recently been subject to a refit by the Tenant.

The ground floor comprises an open plan sales area with ancillary store and goods lift. The first floor is utilised for storage. It contains shelving and racking throughout. A kitchen, ladies and gents wc's and store are located at first floor level.

Ground Floor Sales Area 2,025 sq ft
ITZA 1,057 sq ft

First Floor Ancillary 1,884 sq ft

The property is let to JD Sports Fashion PLC on FRI Terms for a period of 15 years from the 1st August 2008, expiring on the 31st July 2023.

The current passing rent is £77,000 per annum and is subject to review at 5 yearly intervals.

The Tenant only break clause dated 1st August 2018 (6 months notice) has not been implemented.
( Agency Pilot Software Ref: 102692 )
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