Fitted Bar / Restaurant - 8 Cathedral Walk, Worcester WR1 2QE

To Let

Fitted Bar / Restaurant - 8 Cathedral Walk, Worcester WR1 2QE

To Let

Town

Worcester

Price / Rent

£110,000 per annum

Description

Worcester is a strong cathedral city that benefits from an immediate resident population of over 100,000, extending to 450,000 within a 20 minute drive and over 700,000 within a 30 minute drive.

The unit is located in Cathedral Square, a purpose built leisure scheme with immediate links to ample parking and public transport.  The scheme provides a cluster of quality operators around an attractive square, with all units benefitting from generous outside seating.  Existing tenants include The Botanist, Miller & Carter, Pizza Express, All Bar One, Escape Hunt, etc.

Located at first floor level above All Bar One and benefitting from a feature double height entrance (approx 5.8m), the unit has been previously fitted and includes the majority of fixtures and fittings that are fixed to the property.

Held on an effective full repairing and insuring lease until April 2032 at a rent of £110,000 per annum exclusive.  The current service charge is circa £28,783.58

Our client is offering the property on assignment or a sub-lease on terms to be negotiated.

The unit currently benefits from A3/E planning consent.  The previous premises licence has been retained and can be transferred to the successful new tenant.

Main Unit 402 sqm 4,327 sqft
Plant Room   69 sqm    743 sqft
Outside Terrace   44 sqm    474 sqft
Total 515 sqm 5,544 sqft

 

For further information or to view this property please contact:-

Phillip Morris

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