A Substantial Shopping Centre Comprising of 21 Retail Units Part Let Producing £273,460 Per Annum. Potential for Residential Development (Subject to Obtaining all Relevant Consents)

Description

Tenure

Leasehold. The property is held on a 125 year lease from 9th June 1975 (thus approximately 80 years unexpired) at a rent reserve of £24,000 per annum exclusive geared to 8% of the estimated rental value.

Location

The shopping centre is situated in the centre of Kidderminster and is home to various shops and amenities. The open spaces of Brinton Park are within easy reach. Transport links are provided by Kidderminster rail station.

Exterior

The property benefits from 50 car parking spaces

Current Rent Reserved

Current Rent Reserved £273,460 per annum

Accommodation and Tenancy Schedule

Property	Floor	Accommodation	Lessee	Lease Terms	Current Annual Rent

Unit 1	Ground	290 sq ft / 26.98 sq m	Photographic Retail 2008 Ltd /Max Spielmann Ltd	10 years from 23/01/2013 (holding over)	£13,200
Unit 2	Ground & First	1,789 sq ft / 166.2 sq m 1,421 sq ft / 131.99 sq m	Santander Plc	8 years from 10/08/2012	£57,000
Unit 3	Ground & First	1,131 sq ft / 105.1 sq m 587 sq ft / 54.5 sq m	Sally Salon Services	10 years from 11/04/2012	£35,400
Unit 4 & Part 5	Ground & First	1,413 sq ft / 131.3 sq m 1,460 sq ft / 135.6 sq m	Vacant	Vacant	Vacant
Unit 5	Ground	677 sq ft / 62.9 sq m	Vacant	Vacant	Vacant
Unit 6A	Ground	877 sq ft / 81.45 sq m	Individuals t/a Excellent Eyebrows	5 years from 07/02/2022	£9,360
Unit 7	Ground & First	866 sq ft / 80.47 sq m 854 sq ft / 79.3 sq m	Vacant	Vacant	Vacant
Unit 8	Ground & First	780 Sq Ft / 72.5 SqM 398 Sq Ft / 37 SqM	Vacant	Vacant	Vacant
Unit 9	Ground & First	958 Sq Ft / 89 SqM 497 Sq Ft / 46.2 SqM	Vacant	Vacant	Vacant
Unit 10	Ground & First	981 Sq Ft / 91.1 SqM 475 Sq Ft / 44.1 SqM	Vacant	Vacant	Vacant
Unit 11	Ground & First	1,064 Sq Ft / 98.8 SqM 410 Sq Ft / 38.1 SqM	Vacant	Vacant	Vacant
Unit 12 & 18A	Ground & First	2,339 Sq Ft / 217.3 SqM 946 Sq Ft / 87.9 SqM	ECSD Ltd - Leading Labels	Tenancy At Will	Nil
Unit 14	Ground & First	2,457 Sq Ft / 228.3 SqM 1,080 Sq Ft / 100.3 SqM	Vacant	Vacant	Vacant
Unit 15/16	Ground and First	2,886 Sq Ft / 249 SqM 2,132 Sq Ft / 198.1 SqM	Vacant	Vacant	Vacant
Unit 17	Ground & First	2,680 Sq Ft / 249 SqM 2,704 Sq Ft / 251.2 SqM	Vacant	Vacant	Vacant
Unit 18B	Ground & First	2,060 Sq Ft / 191.34 SqM 182 Sq Ft / 16.9 SqM	Café Pacifico Kidderminster Ltd	10 years from 27/01/2014 (holding over)	£24,000
Kiosk 1/Unit 13B	Ground	N/a	Vacant	Vacant	Vacant
Unit 4A Vicar Street	Ground	887 Sq Ft / 82.4 SqM	Vicar Street Nails	7 years from 20/06/2020	£24,000
Unit 5B Vicar Street	Ground	1,496 Sq Ft / 139 SqM	Chapman & Meyers Options	10 years from 07/03/2013	£60,000
Unit 6C Vicar Street	Ground & First	936 Sq Ft / 87 sqM 226 Sq Ft / 21 SqM	Warren James (Jewellers) Ltd	10 years from 04/09/2017	£32,500
Unit 7D Vicar Street	Ground	1,114 Sq Ft / 103.45 sqM	Individuals t/a Easy Lounge Coffee Shop	20 years from 10/05/2022	£18,000

Joint Agent

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