Prospect House 25, 26 & 27 Worcester Street Kidderminster Worcestershire DY10 1ED

  • Prospect House<br>25, 26 & 27 Worcester Street<br>Kidderminster<br>Worcestershire<br>DY10 1ED

Prospect House
25, 26 & 27 Worcester Street
Kidderminster
Worcestershire
DY10 1ED

Freehold Ground Rent Investment

  • Prominent position on busy retailing thoroughfare close to The Rowland Hill Shopping Centre
  • Part sub underlet to tenants trading as Mind and Scope
  • Nearby occupiers include RBS, Peacocks and Poundland
  • Lot
    62
  • Auction
    28th March 2018
  • Rent
    £18,500 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Ground Rent Investment

  • Prominent position on busy retailing thoroughfare close to The Rowland Hill Shopping Centre
  • Part sub underlet to tenants trading as Mind and Scope
  • Nearby occupiers include RBS, Peacocks and Poundland
  • Lot 62
  • Auction 28th March 2018
  • Rent £18,500 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
14 miles north of Worcester
7 miles south of Wolverhampton
19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Rail
Air
Birmingham Airport
Situation

The property is prominently situated at the eastern side of Worcester Street, benefitting from footfall between Kidderminster Rail Station and the prime pedestrianised High Street. The property is located close to The Rowland Hill Shopping Centre, which houses retailers including Brighthouse, Claire’s Accessories and Santander. Other nearby occupiers include RBS, Peacocks and Poundland.

Tenure

Freehold.

Location
Miles
14 miles north of Worcester
7 miles south of Wolverhampton
19 miles south-west of Birmingham
Roads
A448, A456, M5, M42
Rail
Kidderminster Rail
Air
Birmingham Airport
Situation

The property is prominently situated at the eastern side of Worcester Street, benefitting from footfall between Kidderminster Rail Station and the prime pedestrianised High Street. The property is located close to The Rowland Hill Shopping Centre, which houses retailers including Brighthouse, Claire’s Accessories and Santander. Other nearby occupiers include RBS, Peacocks and Poundland.

Tenure

Freehold.

Description

The property comprises three ground floor retail units with self-contained office accommodation at first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises three ground floor retail units with self-contained office accommodation at first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
25

26

27

25-27		 Ground
First
Ground
First
Ground
First
First		 Retail
Ancillary
Retail
Ancillary
Retail
Ancillary
Offices
105.40 sq m
48.50 sq m
62.89 sq m
34.33 sq m
388.80 sq m
253.20 sq m
182.30 sq m
(1,134 sq ft)
(522 sq ft)
(676 sq ft)
(369 sq ft)
(4,185 sq ft)
(2,725 sq ft)
(1,962 sq ft)
 SOHO PROPERTY
INVESTMENTS
LIMITED		 125 years
from
08/02/1965
until
25/03/2090
on a full
repairing and
insuring
lease		 £18,500 25/03/2015
(1) and
every 25
years
Total
1,075.42 sq m
(11,573 sq ft)
     £18,500  

(1) The 2015 rent review is outstanding.

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT 029 2046 4347
Rachel White 029 2047 7387rachelwhite@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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