One shop let to tenant trading as Celly's Hairstyle International
Lease expires June 2026 (subject to option)
Tenant break option not exercised in June 2021
Adjoining shop let on licence from October 2023 (2)
Prominent City Centre location, close to The Guildhall of Worcester
Nearby retailers include Marks & Spencer (opposite rear entrance), Tesco Express, Boots the Chemist, Superdrug, Caffè Nero, Costa Coffee and WHSmith
Lot 41
Auction 2nd November 2023
Rent £38,500 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
22 miles south west of Birmingham, 22 miles north of Gloucester
Roads
A38, A44, M5
Rail
Worcester Foregate Street, Worcester Shrub Hill
Air
Birmingham Airport
Situation
The property is prominently situated on the pedestrianised The Shambles, which runs parallel to High Street, where The Guildhall of Worcester and Cathedral Square Shopping Centre are located. Nearby retailers include Marks & Spencer, Tesco Express, Boots the Chemist, Superdrug, Caffè Nero, Costa Coffee and WHSmith.
Tenure
Freehold.
Location
Miles
22 miles south west of Birmingham, 22 miles north of Gloucester
Roads
A38, A44, M5
Rail
Worcester Foregate Street, Worcester Shrub Hill
Air
Birmingham Airport
Situation
The property is prominently situated on the pedestrianised The Shambles, which runs parallel to High Street, where The Guildhall of Worcester and Cathedral Square Shopping Centre are located. Nearby retailers include Marks & Spencer, Tesco Express, Boots the Chemist, Superdrug, Caffè Nero, Costa Coffee and WHSmith.
Tenure
Freehold.
Description
The property comprises two shops, each arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises two shops, each arranged on the ground, first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
31 The Shambles
Ground First Second
Retail/Ancillary Ancillary Ancillary
77.11 42.73 22.76
(830) (460) (245)
G. ONAY (t/a Cellys Hairstyle International) (1)
10 years from 24/06/2016
£29,500
32 The Shambles
Ground First Second
Retail/Ancillary Ancillary Ancillary
93.83 - -
(1,010) - -
ZOMATO LIMITED
Licence from 10/10/2023 at £750 pcm (2)
£9,000
Total
236.43
(2,545)
£38,500
(1) Celly’s Hairstyle International are a chain of High Street hair salons that trade from over 41 stores across the UK (www.cellys.co.uk) (2) Let by way of a licence to an I-Repair shop at £750 pcm plus VAT with a mutual break clause after 3 months exercisable on one month's notice. The tenant is due to take occupation shortly.
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.
