Sold £150,000
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Commercial Investment Let on a Temporary License Producing £9,000 Per Annum with Potential to Increase the Rent
The property comprises a mid terrace building arranged to provide a ground floor shop with first and second floor ancillary space.
Tenure
Freehold
Location
The property is situated on The Shambles close to local shops and amenities. Nearby multiples include JD Sports, Vodafone and M&S. The open spaces of Fort Royal Park are within easy reach. Transport links are provided by Worcester Foregate Street rail station.
Accommodation
Ground Floor Retail Unit First Floor Ancillary Accommodation Second Floor Ancillary Accommodation
Tenancy
The property is subject to a License commencing 10th October 2023 at a rent of £750 per calendar month. There is a mutual break clause after 3 months. We understand the next door property (31) is let for £29,500 per annum.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
