Shop 4, The Royal Arcade, Broad Street, Pershore, Worcestershire, WR10 1AG
LOCATION
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.
DESCRIPTION
The available shop unit is set within the 'Courtyard' part of the development and is approached from a double hardwood front entrance door alongside an otherwise large glazed window display.
The unit offers mainly open plan retail accommodation with WC on the ground floor. In addition a feature mezzanine floor covers part of the accommodation providing additional retail or storage space. The shop benefits from two 'Velux' roof lights allowing natural light to flood in. A communal bin storage area is also provided as part of the service charge.
SERVICES
Mains metered electricity, drainage, and water are connected to the property. Interested parties should verify this for themselves.
The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose. The applicant is advised to obtain verification from their solicitor or surveyor.
FLOOR AREA
Total floor area: 870 Sq ft (80.82 Sq m)
RENTAL
£12,500 per annum
Exclusive of service charge, building insurance, business rates, utilities and all other outgoings.
LEASE TERMS
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.
SERVICE CHARGE
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.
POSSESSION
Full vacant possession will be offered to a new tenant upon completion of all legal formalities.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction.
BUSINESS RATES
2023 Rateable Value: £8,200
Up to 100% Small business rate relief may also be obtainable; you should make further enquiries of the local authority.
PLANNING
From verbal enquiries of the Local Planning Authority it is understood that the property enjoys consent for Use Class E, although prospective tenants should make their own enquiries.
POSSESSION
Available from August 2023.
Full vacant possession will be offered upon completion of all legal formalities.
VAT
The property is not currently opted for tax, therefore VAT will not be payable as an addition. The landlord reserves the right to opt the property for tax in the future.
EPC
D86
Notice and Conditions
White Rose Real Estates Ltd for themselves, for any joint Agents, the vendors or lessors give notice that these particulars have been prepared and are intended for general guidance of the prospective purchasers or lessees but do not constitute or form part of any offer or contract. All Information, descriptions, dimensions, references to permissions, use, occupation and other details is supplied in good faith and believed to be correct at the date of issue. The accuracy of such information cannot however be guaranteed and intending purchasers or lessees must rely on their own inspection, enquiries and survey. Neither the directors nor the staff of White Rose Real Estates Ltd or any joint Agent or sub Agent has authority to make or give any representations or warranties whatsoever in relation to the property.