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.
