Retail premises to let

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, subject to the simultaneous surrender of the existing tenants lease.

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 retail use (A1), 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