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Worcester – 5 Freehold & 1 Virtual Freehold Retail Portfolio Investment

For sale: £940,000.00|6,218 Sq Ft|Retail, General Retail, Retail - High Street, Shopping Centre Unit

Property details

FOR SALE£940,000.00
SIZE6,218 Sq Ft
ADDRESSReindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 2DS
TYPERetail, General Retail, Retail - High Street, Shopping Centre Unit
TENUREInvestment Opportunity, For Sale Freehold, For Sale Leasehold
POSTED ON23rd December 2021

Description

Investment Consideration:
Gross Initial Yield: 7.39%
Rental Income: £69,500 p.a.
VAT is applicable to this property
Comprises portfolio of 6 shops, located within Reindeer Court Retail Centre
Total area size of 573.60 sq m (6,218 sq ft)
100% occupancy rate
Reindeer Court is a retail centre located between pedestrianised The Shambles and New Street, which is home to retailers such as JD Sports, M&S, Greggs, Café Nero, Vodafone, TK Maxx and more.

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.

Location

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Location: Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 2DS

Worcester Foregate Street (0.2 miles)

Worcester Shrub Hill (0.4 miles)

Droitwich Spa (5.8 miles)

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