The Royal Arcade is prominently positioned in the centre of Pershore at the junction of High Street/Bridge Street with Broad Street.
The Town in approximately 9 miles from Worcester; 7 miles from Evesham; and within 8 miles of junction 7 of the M5 Motorway.
Originally an old Coaching Inn (Royal Three Tuns Hotel), the Arcade was visited in 1930 by the then Princess Victoria, later to be Queen. In recent years the former Hotel has been tastefully converted to provide a high quality range of shops together with office units and a restaurant. A feature of the Royal Arcade is its Listed frontage and ornate balcony arrangement.
The office unit available to let is on two levels and is totally self-contained with its own washroom facilities. Entrance to the unit is taken at 1st floor level via a rear balcony and staircase from the shopping courtyard at the hard of the Arcade.
The suite has the benefit of exclusive use of part of the feature balcony.
Approximately 890 sq ft comprising reception and office at lower level with staircase to two further offices and washroom facilities at 2nd floor level.
All rentals etc are quotes exclusive of rates, water rates, service charge, VAT and all other outgoings, etc. Rental to be payable quarterly in advance.
The property is available by way of new FRI type lease for a term of years to be agreed between the parties and incorporated upward only rental review at appropriate intervals.
A variable charge is levied on the unit in order to cover the economic cost of external repairs, upkeep and maintenance and management, etc of common parts and facilities. Levied on a fair proportion basis.
Full vacant possession can be offered to a new tenant upon completion of all legal formalities.
All rentals etc exclude the liability of VAT, which may be chargeable as an addition and at the appropriate rate prevailing.
Each party to pay for their own costs incurred in a transaction.
2017 Rateable value – £4,650
Small Business rate relief may also be available, prospective tenants should seek advice of the Local Authority.