Commercial Property
Retail Unit 1
On the left hand side is The Salon a modern ladies hairdressers with retail area, rear store and WC on the ground floor with a lounge area on the first floor which is considered suitable for conversion to provide additional retail space.
Retail Unit 2
On the right hand side is Turkish Mangal, a very well presented modern hot food takeaway, having counter incorporating charcoal grills, there is rear store and WC. On the first floor there is a landing area, preparation room, office, store and WC.
Second Floor
Flat comprising two bedrooms, living room, kitchen and bathroom.
The property occupies a prominent position fronting a busy retail high street within the heart of Pershore town centre. Within the immediate vicinity there is an Asda food store, Pershore Retail Market, Pershore Town Hall, professional offices and a good mix of local and national retailers.
Pershore is an attractive traditional market town, with a population of approximately 10,000. Located on the river Avon, Pershore lies approximately 10 miles from Worcester, 6 miles from Evesham and has access to the national motorway network via junction 7 of the M5 motorway which lies approximately 7 miles distant.
The property comprises an attractive Grade II listed three storey building which has been extended to the rear. The property is of rendered brick construction under a pitched roof and divided internally to provide two retail units over the ground and first floors with a two bedroom flat on the second floor.
An Attractive Freehold Town Centre Mixed Retail and Residential Investment
Current Rent Passing: £25,100 pa
We understand that the property is Freehold and is being sold subject to the following tenancies.
Retail Unit 1
Let by way of a 3 year Lease to The Salon, with effect from the 10th October 2013 at a rent of £6,500 per annum.
Retail Unit 2
Let by way of a 15 year Lease to Turkish Mangal, with effect from the 23rd April 2013 at an initial rental of £12,000 per annum. There is provision for a rent review on the 1st April 2017 and every fourth anniversary of that date.
Flat
Let by way of an Assured Shorthold Tenancy at a rent of £550 per calendar month (£6,600 per annum).
Copies of the Leases will be available for inspection within the legal pack.
We understand that VAT will not be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
