Retail premises for sale in Copenhagen Street, Worcester WR1
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Property description
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Estate Office, NW8 on +44 20 7768 1786 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Estate Office, and do not constitute property particulars. Please contact Estate Office for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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