51 Broad St 3,142 SF Retail Building Worcester WR1 3LR $535,368 ($170.39/SF)

The building is located in Broad Street, a pedestrianised shopping street in Worcester city centre, adjacent to the Crowngate Shopping Centre. Worcester is a Cathedral City with a population of just over 100,000 on the banks of the River Severn. Worcester is readily accessible by road, rail and air. Junctions 6 and 7 of the M5 provide easy access to the motorway network and Birmingham airport whilst the city has 2 railway stations, Foregate Street and Shrub Hill. A new station, Worcestershire Parkway, close to J7 of the motorway, provides sustainable access to regional and national destinations including the south west, north east, London and the Thames Valley. The city has a thriving and expanding University, a first class cricket team, a picturesque racecourse adjacent to the River Severn, and an active arts scene. It has an excellent retail, restaurant and café offering with the CrownGate Shopping Centre and the recently developed Cathedral Square as the focal destinations, although there are a number of historic streets in the city providing a wide range of independent boutiques and restaurants. The four storey Grade II Listed building of traditional brick construction currently provides retail accommodation to the ground floor and first floor rear, whilst the first floor front and second floor provide storage space. The third floor historically was used as living accommodation but has been left unoccupied and unused for a number of years. The property also benefits from basement storage. Also included is part of a two-storey rear building (hatched blue on the plan. This building is subject to a lease of 63 years from 25th May 1968 (7 years, 9 months unexpired) originally to David Greig Ltd but subsequently assigned to Poundland. The lease has a passing rent of £1,600 per annum.