20A High Street, Alcester, B49 5AD
Freehold retail investment opportunity
- Freehold ground floor retail investment opportunity
- Let to bookmakers William Hill
- 20 year lease from 6th August 2010, expiring 5th August 2030
- Passing rent - £11,250
- Asking Price – OIRO £130,000, equating to a NIY of 8.5% (after costs of 1.8%)
- Buyers fees of 2% plus Vat of purchase price applicable
LocationThe property is located on a prominent High Street position in the Alcester town centre. Alcester is an affluent historic market town of circa 9,000 residents. Alcester is situated at the crossroad junction of the A46 and A435/ A422 being 9 miles South of Redditch, 8 miles west of Stratford upon Avon, 10 miles North of Evesham and 18 miles East of Worcester. The property is situated in the heart of the town, with other nearby retailers including Barclays Bank, Superdrug & Acorns Hospice along with numerous independent retailer’s pubs, and restaurants.
The property comprises a ground floor retail unit extending to approximately 677 square feet. and currently trades as William Hill bookmakers. The property is fitted out to William Hill’s usual corporate design.
PriceWe are inviting offers in the region of £130,000 for the Freehold interest, subject to the existing tenancy.
TenancyThe property is let to William Hill Organisation Ltd for a term of 20 years from 6/8/2010, expiring on 5/8/2030. A copy of the lease and supporting documents are available upon request.
VATAll prices quoted are exclusive of VAT which may be payable at the prevailing rate. Prospective purchasers should confirm the VAT position prior to committing to a purchase.
Business RatesThe property has a current rateable value of £15,440.
Rateable Value £8100.00
We recommend that interested parties should make their own enquiries with the local authority.