property
We have not undertaken a measured survey, but have been provided with the above floor areas. All interested parties must seek their own verification of the information provided before bidding.
The property occupies a prominent position fronting the northern side of Worcester Street within the heart of Kidderminster Town Centre. Worcester Street is one of the main shopping streets within the town centre and there is a good mix of independent retailers and national operators within the immediate vicinity.
The property comprises a prominent two storey mid terraced town centre retail premises comprising on the ground floor a well presented Amusement Centre with self contained first floor accommodation having a separate front door entrance and is considered suitable for a variety of alternative uses, subject to any appropriate Planning Permission.
A Freehold Town Centre Retail Investment with Vacant Upper Floor offering potential for further rental income
Current Rental Income: £15,000 pa Estimated Full Rental: £23,000 pa
We understand that the property is Freehold. The ground floor is let by way of a 10 year Lease from 8th August 2012 to Shipleys (Leisure) Enterprise Ltd at a current rent of £15,000 per annum. There is provision for a rent review and break clause at the end of the 5th year. We understand Shipleys Amusements have been in occupation for approximately ?? years. A copy of the lease will be available for inspection within the legal pack.
The upper floor is currently void and will be available with vacant possession upon completion.
VAT will not be applicable on this transaction.
Viewings are strictly by arrangement with the Auctioneers.
For further details, please contact Ian Tudor on 0121 237 4850.
