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2 Mealcheapen St 1,670 sq ft 100% Let Retail Property Worcester WR1 2DH £230,000 (£137.72/sq ft) 8.51% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 1,669 sq ft (155.1 sq m).
- Ground floor is tenanted.
- Retail investment opportunity.
- Two upper floors are currently vacant.
EXECUTIVE SUMMARY
The property is situated in the established secondary trading location of Mealcheapen Street, which runs between New Street and The Shambles, with an entrance to Reindeer Court Shopping Centre. The property is in close proximity to The Cornmarket pay and display car park. Mealcheapen Street has become the main pedestrian thoroughfare from the St Martin's Quarter retail development into the heart of the City Centre and the main High Street. The property comprises a mid terrace Grade II Listed three storey building currently arranged as a ground floor retail unit with two floors above. The ground floor is tenanted whilst the first and second floors are currently vacant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront
Property Size
1,670 sq ft
Costar Property Class
C
Year Built
1806
Price
£230,000
Price per sq ft
£137.72
Yield
8.51%
NOI
£19,573
Occupancy Rate
100%
Number of Floors
3
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Jessica's Sweets
- -
- 445 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Jessica's Sweets | - | 445 sq ft | - | - |
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NEARBY MAJOR RETAILERS
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2 Mealcheapen St
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