32 & 33 High Street Worcester Worcestershire WR1 2QL

32 & 33 High Street
Worcester
Worcestershire
WR1 2QL

Prime Freehold Retail Investment with Additional Development Opportunity

Shop on High Street and separate rear building
Shop let until 2032 (subject to option)
Redevelopment Potential (subject to consents)
Prominent Location in City Centre opposite The Guildhall
Nearby occupiers include Marks and Spencer, Primark, Costa, Fat Face, Tesco Express, Boots and TK Maxx

Lot
4
Auction
18th May 2023
Rent
£35,000 per Annum Exclusive
plus vacant rear building
Status
Sold
Price
£390,000
Auction Venue
Live Streamed Auction

Interested?

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Prime Freehold Retail Investment with Additional Development Opportunity

Shop on High Street and separate rear building
Shop let until 2032 (subject to option)
Redevelopment Potential (subject to consents)
Prominent Location in City Centre opposite The Guildhall
Nearby occupiers include Marks and Spencer, Primark, Costa, Fat Face, Tesco Express, Boots and TK Maxx

Lot 4
Auction 18th May 2023
Rent £35,000 per Annum Exclusive plus vacant rear building
Status Sold
Price £390,000
Sector
High Street Retail, Residential, Development
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 22 miles south west of Birmingham, 22 miles north of Gloucester,
Roads: A44, A38, M5
Rail: Worcester Foregate Street, Worcester Shrub Hill
Air: Birmingham Airport

Situation

Worcester is an historic cathedral city and county town of Worcestershire. The property is prominently situated in the centre of High Street directly opposite The Guildhall of Worcester. The high street is a busy and popular shopping and dining destination with the Worcester Street Market, Crowngate Shopping Centre and Cathedral Square Shopping Centre. Other nearby occupiers include Marks and Spencer, Primark, Costa, Fat Face, Tesco Express, Boots and TK Maxx.

Tenure

Freehold.

Location

Miles: 22 miles south west of Birmingham, 22 miles north of Gloucester,
Roads: A44, A38, M5
Rail: Worcester Foregate Street, Worcester Shrub Hill
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises 2 buildings. The first, fronting High Street comprises a ground floor shop together with ancillary accommodation on the first and second floors and unused accommodation on the third floor. The sale also includes a vacant building to the rear, accessed via an entrance fronting High Street, arranged over basement, ground, first and second floors. The rear building currently has no access to the basement, first and second floors.

The vacant rear building, 32 High Street, may be suitable for redevelopment subject to the necessary consents.

VAT

VAT is 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

VAT

VAT is 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 sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
33 High Street	Ground First Second Third	Retail/Ancillary Ancillary Ancillary Disused	54.34 58.99 41.80 55.10	(585) (635) (450) (593)	ISMART RETAIL LIMITED t/a Ismart (1)	10 years from 21/12/2022 (2) (3)	£35,000	21/12/2027
32 High Street (Rear Building)	Basement/Ground/First/Second	Former Commercial	294.73 (4)	(3,172) (4)	VACANT POSSESSION	-	-	-
Total Approximate Floor Area			504.96	(5,435)			£35,000

(1) iSmart was founded in 2015 specialising in express repair of tablets, laptops, macbooks, Xbox and Playstation (iSmart Worcester).
(2) The lease provides for a tenant option to determine the lease on 20/12/2027.
(3) The lease provides for a half rent period until 20/09/2023. The Seller will pay to the Buyer the rent that would have been due from completion of the sale until the end of the half rent period.
(4) The areas stated for 32 High Street (rear building) are Gross Internal Areas (GIA).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.