Crowngate is a dominant retail arcade in Worcester, with its entrance in prime pitch opposite the Marks & Spencer Department Store.  The subject property occupies a prime retail location on High Street benefiting from being both directly opposite the Marks & Spencer Department Store and forming one of the entrance units into the scheme, where other nearby occupiers include River Island, Clarks, TK Maxx and Boots.

The property is available to let on a new effective full repairing and insuring lease for a term to be agreed at a rent of £30,000 per annum exclusive.

We understand that the property is subject to an annual service charge that covers the external repair and maintenance of the unit and the scheme.  This is currently set at £6.50 per sqft per annum, with future annual increases capped at RPI.