42 The Shambles Worcester Worcestershire WR1 2RE

42 The Shambles
Worcester
Worcestershire
WR1 2RE

Freehold Retail Investment with Vacant Upper Floors

Ground floor shop let until November 2029
November 2024 break option not exercised
Vacant upper floors with change of use potential (subject to consents)
Opposite Marks and Spencer and close to JD Sports, Waterstones, Caffe Nero and The Entertainer

Lot
12
Auction
13th February 2025
Rent
£24,000 per Annum Exclusive
plus vacant upper floors
Status
Available
Guide*
£275,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment with Vacant Upper Floors

Ground floor shop let until November 2029
November 2024 break option not exercised
Vacant upper floors with change of use potential (subject to consents)
Opposite Marks and Spencer and close to JD Sports, Waterstones, Caffe Nero and The Entertainer

Lot 12
Auction 13th February 2025
Rent £24,000 per Annum Exclusive plus vacant upper floors
Status Available
Guide* £275,000
Sector
High Street Retail, Development
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 22 miles south west of Birmingham, 22 miles north of Gloucester
Roads: A38, A44, M5 (Junction 7)
Rail: Worcester Foregate Street, Worcester Shrub Hill
Air: Birmingham Airport

Situation

The property is prominently situated on the east side of the pedestrianised The Shambles, which runs parallel to High Street, where The Guildhall of Worcester and Cathedral Square Shopping Centre are located. Nearby occupiers include Marks and Spencer, JD Sports, Waterstones, Caffe Nero and The Entertainer.

Tenure

Freehold.

Location

Miles: 22 miles south west of Birmingham, 22 miles north of Gloucester
Roads: A38, A44, M5 (Junction 7)
Rail: Worcester Foregate Street, Worcester Shrub Hill
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop together with vacant accommodation on the first and second floors. The upper floors may be suitable for change of use subject to obtaining the necessary consents.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

D92

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

D92

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail	91.51	(985)	CCHG LIMITED t/a VPZ (1)	10 years from 01/11/2019	£24,000
First Second	Ancillary Ancillary	37.16 39.58	(400) (426)	VACANT	-	-
Total		168.25	(1,811)			£24,000

(1) VPZ is one of the UK's leading vape stores with over 170 locations (www.vpz.co.uk).

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.