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 main 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
    89
  • Auction
    11th July 2018
  • Rent
    £7,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £114,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager
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Freehold Ground Rent Investment

  • Prominent position on main 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 89
  • Auction 11th July 2018
  • Rent £7,500 per Annum Exclusive
  • Status Sold
  • Price £114,000
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund Manager

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 four ground floor retail units with selfcontained 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 four ground floor retail units with selfcontained 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
25a


25


26


27

25-27		 Ground

Ground
First

Ground
First

Ground
First

First		 Retail

Retail
Ancillary

Retail
Ancillary

Retail
Ancillary

Offices
34.30 sq m

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
(393 sq ft)

(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		 Approximately
125 years from
08/02/1965 until
25/03/2090 on a
full repairing and
insuring lease		 £7,500 25/03/2040
25/03/2065
Total
1,075.42 sq m
(11,573 sq ft)
     £7,500 (1)  

(1) The 2015 rent review has recently been settled at £7,500 p.a.x..

Contacts

Seller's Solicitors
Eversheds 1 Callaghan Square
Cardiff
CF10 5BT
Alexandra Shapland 0292 047 7210AlexShapland2@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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