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.
The available retail unit is approached from Broad Street via the open access to the shopping courtyard and offers open plan retail accommodation with mezzanine floor level over part. The ground floor retail area benefits from a large glass display frontage and is in keeping with the original listed building frontage.
Mains electricity and water are connected to the property.
Ground Floor Retail Area: 740 Sq ft (69 Sq m)
Mezzanine Floor: 218 sq ft (20 sq m)
£10,000 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.
2017 RV is £9,100
Small business rate relief may be obtainable, subject to status, 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.