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INVESTMENT FOR SALE WORCESTER
FREEHOLD RETAIL / OFFICE INVESTMENT
LOCATION City centre location well positioned for public transport. Major road links including M5, M6 & M42 motorways with good access to Birmingham airport within thirty minutes drive. Worcester main line train station is within two minutes walk. DESCRIPTION The property is a Grade 2 listed building of traditional construction over four floors with basement (club/bar), Ground (shops) and Offices to the floors above. The overall square footage is 8500 and the building benefits from a particularly attractive facade including stonework and box sash windows. The property requires modernisation and the current owners have produced a report addressing cost implications. Purchasers should bear in mind that listed building consent will be required in relation to some works. INCOME The building is currently producing £49,000 per annum. Prospective purchasers may note that without major expenditure the upper parts will be difficult to let. The first floor office is utilised as storage space. VAT Vat is not payable on this purchase. PLANNING AUTHORITY Worcester City Council 01905 722233 OFFERS Offers are invited in the region of of £325,000 subject to contract which will give a net initial yield of 14.3% allowing for incoming purchasers costs. VIEWINGS Contact Jonathan Argent direct 020 7731 5359 Mobile 07973342754 Email. DOWNLOADS
Hastings House, 43 Foregate Street, Worcester WR1 1EE |
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