Restaurant/cafe to let in New Street, Worcester WR1

The Property
26 New Street is an exciting new hospitality opportunity available to let in the heart of Worcester city centre, with the benefit of full planning permission for a new restaurant venue.

Rent incentives available.

The premises briefly comprises a ground floor of approximately 1,208 square feet with the benefit of a large, glazed frontage facing onto New Street. Within the current planning permission for change of use, the kitchen and back-of-house facilities have been designed to be housed at the rear of the ground floor space, leading to a rear door for deliveries and access to refuse storage. The designs also incorporate commercial extraction systems within the kitchen area.

There is a large and flexible lower ground floor area of approximately 668 square feet, which could easily be utilised for additional covers, private dining space or separate bar area.

Ground Floor - c.1,208 square feet
Lower Ground Floor - c.668 square feet

Location
Worcester city centre is a vibrant hub of history, culture and commerce. New Street dates back to the 13th century and was historically a major thoroughfare connecting the cathedral and the market square. Today it retains its charm with a blend of medieval and Georgian buildings housing a mix of independent shops, boutiques, cafes, bars and restaurants. New Street adjoins the picturesque Friar Street, with its traditional timber-framed buildings, and also runs in parallel to the popular pedestrian shopping routes of The Shambles and Worcester's High Street. The route from the Sidbury area of the city to the Cornmarket, via Friar Street and New Street, offers considerable charm and is now very much the epicentre of Worcester's food and beverage scene.

Rent
£36,240 per annum (£3,020 per calendar month) (excl.).

Tenure
The property is available to let by way of new business lease for a term of years to be negotiated.

Service Charge
We understand that no separate service charge is payable.

Insurance
The Landlord insures the property and recovers the cost from the Tenant on an annual basis.

Legal & Administrative Costs
The Tenant is responsible for a contribution towards the Landlord's legal fees. A tenant administration fee is payable to the agent upon agreement of the Heads of Terms.

Energy Performance
Energy Performance Rating is to be confirmed. The agent understands that a new EPC will be procured by the Landlord prior to the commencement of the lease.

Business Rates
Tenant to rely on its own enquiries of the voa.

Planning
The Tenant should rely on its own enquiries of the local planning authority. However, the agent understands that full planning permission (ref: P12D0117) provides approval for change of use of the lower ground floor, ground floor and part of the first floor from retail to restaurant use (along with kitchen flue extract system and associated stack). The first floor is not included as part of this letting, and we understand an application will be required to be made to vary the permission to apply to the ground and lower ground floor only. The permission has been preserved by the previous material operation of certain conversion works.

Value Added Tax
All sums are quoted exclusive of value added tax, to the extent that such tax may apply. It is understood by the agent that the property is not currently elected for VAT purposes and that VAT would therefore not be applicable to the rents.

Viewings
All viewings strictly by appointment with the agent.