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Agent's details

51 Broad Street, Worcester, Worcestershire, WR1 3LR

For sale: POA|3,142 Sq Ft|Retail - High Street, Land, Retail, Commercial Land

Property details

FOR SALEPOA
SIZE3,142 Sq Ft
ADDRESS51 Broad Street, Worcester, Worcestershire, WR1 3LR
TYPERetail - High Street, Land, Retail, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON29th November 2024

Description

The building is located in Broad Street, a pedestrianised shopping street in Worcester city centre, adjacent to the Crowngate Shopping Centre.

Worcester is a Cathedral City with a population of just over 100,000 on the banks of the River Severn.

Worcester is readily accessible by road, rail and air. Junctions 6 and 7 of the M5 provide easy access to the motorway network and Birmingham airport whilst the city has 2 railway stations, Foregate Street and Shrub Hill. A new station, Worcestershire Parkway, close to J7 of the motorway, provides sustainable access to regional and national destinations including the south west, north east, London and the Thames Valley.

The city has a thriving and expanding University, a first class cricket team, a picturesque racecourse adjacent to the River Severn, and an active arts scene.

It has an excellent retail, restaurant and cafe offering with the CrownGate Shopping Centre and the recently developed Cathedral Square as the focal destinations, although there are a number of historic streets in the city providing a wide range of independent boutiques and restaurants.

The four storey Grade II Listed building of traditional brick construction currently provides retail accommodation to the ground floor and first floor rear, whilst the first floor front and second floor provide storage space. The third floor historically was used as living accommodation but has been left unoccupied and unused for a number of years. The property also benefits from basement storage.

Also included is part of a two-storey rear building (hatched blue on the plan. This building is subject to a lease of 63 years from 25th May 1968 (7 years, 9 months unexpired) originally to David Greig Ltd but subsequently assigned to Poundland. The lease has a passing rent of £1,600 per annum.

3,142 sq ft (291.92 sq m)

Four storey Grade II Listed building

Good retail frontage

Prime city centre location

Suitable for developers, subject to planning

Also included is part of a two-storey rear building with 7 years 9 months unexpired lease remaining.

Walking distance to Foregate Street train station and bus station at Crowngate

Neighbouring occupiers include Boston Tea Party, New Look, Crowngate Shopping Centre, Colston Bakery, Toys and Games of Worcester and Rohan

Four storey, Grade II Listed, city centre building.
( Agency Pilot Software ref: 104972 )

Location

marker
Location: 51 Broad Street, Worcester, Worcestershire, WR1 3LR

Worcester Foregate Street (0.2 miles)

Worcester Shrub Hill (0.6 miles)

Droitwich Spa (5.9 miles)

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