Main Page Content
STORE
KIDDERMINSTERUnder Offer
Oxford Street, Kidderminster, DY10 1AR
Substantial Retail Premises TO LET (POTENTIAL TO SUB-DIVIDE)
3,666 Sq m (39,462 Sq ft)
Location
The premises are prominently situated on the south eastern fringe of Kidderminster town centre adjacent to the Worcester Cross Ring Road Roundabout, the junction of Ringway (A451) and Comberton Hill (A448). Retailers in close proximity include Aldi, Iceland, Rosebys and Wilkinson.
A new Morrisons food store is now open opposite, fronting Green Street, comprising circa 7,432 sq m (80,000 sq ft) with some 400 car parking spaces.
Kidderminster is situated some 16 miles to the south west of Birmingham, 13 miles to the north of Worcester and 8 miles to the west of Junction 4 of the M5.
Description
The property comprises a substantial modern retail store arranged over ground, first and second floors with some 260 car parking spaces at ground and first floor levels. The store is served by 3 passenger lifts linking the ground floor sales area to the first floor parking deck.
Both the customer car park and dedicated loading bay are accessed via Green Street.
An adjacent shop unit is included within the demise.
Planning
The property benefits from Class A1 planning permission.
Rating
We are verbally advised the 2010 Rateable Value for the premises is £179,000, the UBR for 2010/2011 being 41.4p.
Interested parties are advised to make their own enquiries to the Local Authority for verification purposes.
VAT
All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.
Accommodation
The premises comprise the following approximate floor areas:
| Sq m | Sq ft | |
|---|---|---|
| Ground Floor | 2,612 | 28,118 |
| Mezzanine | 56 | 600 |
| First Floor | 246 | 2,653 |
| Second Floor | 752 | 8,091 |
| Total Accommodation | 3,666 | 39,462 |
Note: The above areas have been calculated on an approximate gross internal basis and must be verified by the ingoing tenant.
The premises can also be sub-divided and further information is available on request.
Lease
The premises are held by way of a 35 year full repairing and insuring lease expiring 22 December 2022, subject to 5 yearly upward only rent reviews, at a current passing rental of £368,500 per annum exclusive.
The adjacent shop unit is let on a 25 year full repairing and insuring lease expiring 22 December 2012 at a current passing rental of £13,750 per annum exclusive.
The net rental outlay is therefore £354,750 per annum exclusive.
Terms
Our clients are seeking to dispose of their leasehold interest either by way of assignment or new sub-lease. We are also able to offer a short term let of the premises. Details upon application.
Viewing
Strictly by appointment through sole agents.
Contact
