Originally the Royal Arcade development was a coaching inn known as The Royal Three Tuns Hotel and in recent years has been converted and further developed and provides a range of high quality shops together with office units and restaurant.
The Royal Arcade is positioned towards to the centre of Pershore at the junction of the High Street/Broad Street. Pershore being a busy route side market town, approximately 9 miles from Worcester; 7 miles from Evesham and within 8 miles of junction 7 of the M5 motorway.
The available unit occupies a prominent corner position on the outer side of the development and enjoys frontage to the main Bridge Street and High Street.
The available shop unit is within the original part of the development and is approached from hardwood front entrance door with alongside window opening and presents retail accommodation with WC accommodation.
The entire shop unit is at ground floor level, and benefits from additional display cabinet use within the entrance archway to The Royal Arcade.
Mains electricity, drainage, and water are connected to the property.
Total floor area: 610 Sq ft (56.67 Sq m)
£12,500 per annum
Exclusive of service charge, building insurance, business rates, and all other outgoings.
The premises will be available under a new repairing and insuring lease for a term to be agreed and incorporating upward only rent reviews as appropriate.
A variable service charge is levied to cover the cost of external repairs, upkeep maintenance and management, etc of common parts and facilities. The charge is levied on a fair proportion basis.
Full vacant possession will be offered to a new tenant upon completion of all legal formalities.
Each party will be responsible for their own legal costs incurred in the transaction.
Rateable Value: £8,100
Small business rate relief may also be obtainable; you should make further enquiries of the local authority.
From verbal enquiries of the Local Planning Authority it is understood that the property enjoys consent for retail use (A1), although prospective tenants should make their own enquiries.