24/26 High Street Pershore Worcestershire WR10 1BG

24/26 High Street
Pershore
Worcestershire
WR10 1BG

Freehold Retail Investment

Entirely let to Waynes Foods Ltd (subsidiary of A.F Blakemore & Sons Ltd) until 2022
Located in a historic and attractive market town
Prominent position on the High Street
Nearby occupiers include Boots the Chemist, Tesco Express and Holland & Barrett
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
75
Auction
19th May 2016
Rent
£36,000 per Annum Exclusive
Status
Sold
Price
£465,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

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Freehold Retail Investment

Entirely let to Waynes Foods Ltd (subsidiary of A.F Blakemore & Sons Ltd) until 2022
Located in a historic and attractive market town
Prominent position on the High Street
Nearby occupiers include Boots the Chemist, Tesco Express and Holland & Barrett
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 75
Auction 19th May 2016
Rent £36,000 per Annum Exclusive
Status Sold
Price £465,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers CBRE

Property Information

Location

Miles: 10 miles south-east of Worcester, 37 miles south of Birmingham
Roads: A44, A46, M5
Rail: Pershore Rail Station
Air: Birmingham Airport

Situation

Pershore is a market town located approximately 10 miles southeast of Worcester. The property is situated on the west side of the High Street. Nearby occupiers include Superdrug, Cheltenham and Gloucester Bank, Tesco Express and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 10 miles south-east of Worcester, 37 miles south of Birmingham
Roads: A44, A46, M5
Rail: Pershore Rail Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with additional storage areas at both ground and first floor. The unit provides office accommodation with canteen facilities on the first floor. At the rear of the premises there is a loading area with car
parking.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First	Retail/Ancillary Ancillary	365.90 sq m 395.60 sq m	(3,939 sq ft) (4,258 sq ft)	WAYNES FOODS LIMITED GUARANTEED BY CAPPER & CO (SUBSIDIARIES OF A.F BLAKEMORE & SON LTD) (1)	25 years from 08/09/1997 on a full repairing and insuring lease	£36,000	08/09/2017 (07/09/2022)
Totals		761.50 sq m	(8,197 sq ft)			£36,000

(1) The tenant is not currently in occupation, but is up to date with their rental payments. Waynes Foods Limited and Capper & Co are both subsidiaries of A.F Blakemore & Son Ltd, who for the year ending 26th April 2015 reported a turnover of £1,275,954,000, pre-tax profits of £9,011,000 and a net worth of £62,838,000. (Source: Experian Group)