Property photos
Fixed price
£110,000
(£293.33/sq. ft)
Retail premises for sale
Mealchapen Street, Worcester WR1375 sq. ft
Local area information
Property location
Nearby amenities
- Worcester Foregate Street 0.2 miles
- The King's School 0.3 miles
- Stanley Road Primary School 0.4 miles
- Worcester Shrub Hill 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Worcester to find out more about the local area.
Features and description
- Comprises two-storey retail unit
- Total area size of 34.80 sq m (375 sq ft)
- VAT is applicable to this property
Investment Consideration:
Gross Initial Yield: 6.36%
Rental Income: £7,000
VAT is applicable to this property
Comprises two-storey retail unit
Located inside Reindeer Court between The Shambles and New Street, which is home to retailers such as jd Sports, M&S, Greggs, Café Nero, Vodafone, tk Maxx and more.
Property Description:
The property comprises two-storey retail unit and provides the following accommodation and dimensions:
Ground Floor: 20.60 sq m (222 sq ft)
Open Plan Retail, WC
First Floor: 14.20 sq m (153 sq ft)
Ancillary
Tenancy:
The property is at present let to an Individual for a term of 10 Years from 14th June 2024 at a current rent of £7,000 p.a. Rent review every 3rd year open market upward only. Tenant option to determine on 3rd and 6th anniversary with min 6 months notice. Deposit held of £1,750. Lease within Landlord & Tenant Act 1954
Location:
Worcester is a city in central England`s West Midlands region. The city is a major retail centre, with several covered shopping centres to accommodate the major chains and many independent shops and restaurants, particularly in Friar Street and New Street. The M5 Motorway runs north-south immediately to the east of the city. It is accessed by Junction 6 (Worcester North) and Junction 7 (Worcester South). Worcester has three stations. Worcester Foregate Street and Worcester Shrub Hill are in the city centre. A third station on the edge of the city, Worcestershire Parkway opened in 2020. The property is located within 0.3 miles from Worcester Foregate Street train station. Nearby occupiers include M&S, Greggs, jd Sports, Costa Coffee and Waterstones, amongst many more.
Gross Initial Yield: 6.36%
Rental Income: £7,000
VAT is applicable to this property
Comprises two-storey retail unit
Located inside Reindeer Court between The Shambles and New Street, which is home to retailers such as jd Sports, M&S, Greggs, Café Nero, Vodafone, tk Maxx and more.
Property Description:
The property comprises two-storey retail unit and provides the following accommodation and dimensions:
Ground Floor: 20.60 sq m (222 sq ft)
Open Plan Retail, WC
First Floor: 14.20 sq m (153 sq ft)
Ancillary
Tenancy:
The property is at present let to an Individual for a term of 10 Years from 14th June 2024 at a current rent of £7,000 p.a. Rent review every 3rd year open market upward only. Tenant option to determine on 3rd and 6th anniversary with min 6 months notice. Deposit held of £1,750. Lease within Landlord & Tenant Act 1954
Location:
Worcester is a city in central England`s West Midlands region. The city is a major retail centre, with several covered shopping centres to accommodate the major chains and many independent shops and restaurants, particularly in Friar Street and New Street. The M5 Motorway runs north-south immediately to the east of the city. It is accessed by Junction 6 (Worcester North) and Junction 7 (Worcester South). Worcester has three stations. Worcester Foregate Street and Worcester Shrub Hill are in the city centre. A third station on the edge of the city, Worcestershire Parkway opened in 2020. The property is located within 0.3 miles from Worcester Foregate Street train station. Nearby occupiers include M&S, Greggs, jd Sports, Costa Coffee and Waterstones, amongst many more.
More information
Listed by
Blue Alpine Partners
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