Available
Worcester – Retail Shop
29 Reindeer Court, Worcester, Worcestershire WR1 2DSFreehold Retail Investment
Price
£95,000
Rent P.A.
£5,500
Yield
5.79%
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
1y 6m
Area
375 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises two-storey retail unit, t/a sandwich shop
- Located inside Reindeer Court between The Shambles and New Street, which is home to retailers such as JD Sports, M&S, Greggs, Café Nero, Vodafone, TK Maxx and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises two-storey retail unit t/a sandwich shop and provides the following accommodation and dimensions:
Ground Floor: Retail 20.60 sq m (222 sq ft)
First Floor: Ancillary 14.20 sq m (153 sq ft)
Ground Floor: Retail 20.60 sq m (222 sq ft)
First Floor: Ancillary 14.20 sq m (153 sq ft)
Tenancy Description
The property is at present let to Neighbourhood Deli Ltd for a term of 5 years from 11th October 2019 at a current rent of £5,500 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine on 10.10.2022 with minimum 6 months notice. Deposit held of £1,650.
Tenancies & Accommodation
Location Description
Worcester is a city in central England’s West Midlands region. The city is a major retail centre, with several covered shopping centres to accommodate the major chains and many independent shops and restaurants, particularly in Friar Street and New Street. The M5 Motorway runs north–south immediately to the east of the city. It is accessed by Junction 6 (Worcester North) and Junction 7 (Worcester South). Worcester has three stations. Worcester Foregate Street and Worcester Shrub Hill are in the city centre. A third station on the edge of the city, Worcestershire Parkway opened in 2020. The property is located within 0.3 miles from Worcester Foregate Street train station. Nearby occupiers include M&S, Greggs, JD Sports, Costa Coffee and Waterstones, amongst many more.
