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High Street & Copenhagen Street, Worcester, WR1

High Yielding Mixed-Use Investment in Historic Cathedral City
For sale

Town Centre mixed-use Investment.

Occupying a prime location on Worcester High Street.

Benefitting from exceptional frontage onto the pedestrianised High Street with return frontage on Copenhagen Street.  

Multi-let to 10 diverse retail and offices tenants, with immediate value add & asset management.

Comprising 16,592 sq ft over lower ground, ground and three upper floors.

Current passing rent of £233,907 per annum.

Freehold.

Significant development potential, with the property not encumbered by an article 4 restriction.

We are instructed to seek offers in excess of £2,200,000 (Two Million Two Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase as the asking price would reflect a Net Initial Yield of 10% assuming standard purchasers costs of 6.32%, and a low Capital Value of £132 per sq ft.

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