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Agent's details

The Postal Order, 18 Foregate Street

For sale: POA|7,347 Sq Ft|Pubs/Bars/Clubs, Licensed & Leisure

Property details

FOR SALEPOA
SIZE7,347 Sq Ft
ADDRESSThe Postal Order, 18 Foregate Street, Worcester, WR1 1DN
TYPEPubs/Bars/Clubs, Licensed & Leisure
TENUREUnder Offer, For Sale Freehold
POSTED ON26th April 2022

Description

Key Points

  • Freehold
  • Busy main road location
  • Situated adjacent to Worcester Foregate Street station
  • Prominent city centre corner position fronting Foregate Street
  • Popular leisure pitch with Odeon and Buzz Bingo opposite and neighbouring
  • The upper floors and part of the ground and basement have been sold off on long leases
  • Summary

    Freehold public house situated adjacent to Foregate Street station.

    Description

    The Postal Order forms part of a four storey semidetached building constructed under a flat roof. The pub is laid out over ground and basement with the upper parts sold off on long leases. Ground Floor: Trading accommodation with bar servery to the side and seating on loose tables and chairs. The commercial kitchen, manager’s office and disabled WC are also at ground level. Basement: Cellar, staff changing facilities and customer WC’s. Upper Floors: These have all been sold off on long leases. Purchasers are advised to check these areas which are indicative only and show best estimates under the current configuration.

    Location

    Worcester is a busy cathedral city situated upon the River Severn approximately 40 miles south-west of Birmingham and 30 miles north of Gloucester. The city is well connected with two major overground train stations located within the city centre providing national access via the Cotswold line and Cross Country routes. The Postal Order occupies a prominent corner position at the junction between Foregate Street and Pierpoint Street and is situated approximately 50m from Worcester Foregate Street station. Surrounding occupiers include an Odeon cinema, Buzz Bingo and Tesco Express, all situated amongst various independent retailers.

    Tenure

    The property is held freehold however, the following parts have been sold off on long leases: • Part ground and basement - 999 year lease from 17 May 2002 at a peppercorn rent; • First, second and third floors - 999 year lease from 7 September 1998 at a peppercorn rent; • Fourth floor - 199 year lease from 24 December 2004 at a rent of £100 per annum.

    Rateable Value & EPC

    2017 Rateable Value - £111,000 An EPC is in the course of preparation.

    Premises Licence

    The property benefits from a premises licence permitting the sale of alcohol until 00:30 Sunday to Thursday and 01:00 Friday and Saturday.

    Trading Information

    Historic trading information may be available to interested parties upon written request.

    Fixtures and Fittings & Stock

    Fixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required. Stock will be removed from the premises prior to completion.

    Viewings & Terms

    Interested parties are asked to undertake discreet customer visits in the first instance. No formal viewings will be permitted unless arranged through the joint selling agents Savills and CBRE. Under no circumstances should any direct approach be made to any of our clients staff. Offers are invited for the benefit of our clients freehold interest. To see further available JD Wetherspoon Public Houses across England, Scotland and Wales please visit: jdwdisposals.co.uk

    Disclaimer: June 2021

    CBRE Limited and Savills on its behalf and for the Vendors or Lessors of this property whose Agents they are, give notice that: 1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 2. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of CBRE Limited or Savills plc has any authority to make any representation or warranty whatsoever in relation to this property. 4. Unless otherwise stated, all prices and rents are quoted exclusive of VAT .

    Location

    marker
    Location: The Postal Order, 18 Foregate Street, Worcester, WR1 1DN

    Worcester Foregate Street (0.1 miles)

    Worcester Shrub Hill (0.5 miles)

    Droitwich Spa (5.7 miles)

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