Commercial Property in WR3 available for sale
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Commercial Property for Sale near the WR3, Worcester

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Explore the Latest WR3 Commercial Property for Sale

More details for 142 Ombersley Rd, Worcester - Retail for Sale

Grays Of Worcester - 142 Ombersley Rd

Worcester, WR3 7HA

  • Retail for Sale
  • £1,300,000
  • 7,218 sq ft

Worcester Retail for Sale

The property sits within a suburban residential location but is also neighboured by a number of small business premises including The Vine Public House, Ace Linen Services, and Ombersley Road Post Office. The site is situated on the Ombersley Road, which is one of the main arterial roads into Worcester city centre. The A449 and M5 motorway is accessible to the north. Worcester is a vibrant city perched on the banks of the River Severn with a combination of past and present and a population of just over 100,000. The city boasts an eclectic mix of restaurants and bars together with an excellent retail offering, combining high street brands with a diverse range of independent boutiques. It has a thriving and expanding University and offers sports enthusiasts first class cricket together with a picturesque racecourse alongside the banks of the River Severn. Junctions 6 and 7 of the M5 motorway provide easy access to the motorway network and Birmingham airport, whilst the city has 2 mainline railway stations, Foregate Street and Shrub Hill in addition to the recently opened Worcestershire Parkway which provides access to Regional and National destinations. The property encompasses the Former Northwick Cinema building and surrounding car park and access road. The existing building is an early 20th century Grade II listed building of 1930's Art Deco architectural design. The property is of brick construction with exposed brick exterior elevations and is surmounted by a flat roof to the front, and by a pitched roof to the remainder. The land to the front and the rear of the existing building provides ample parking. HISTORY Grays of Worcester is situated in the beautifully restored, Grade II listed Northwick Cinema, a fine example of 1930s Art Deco architecture. Designed by Charles E. Wilford and operated by an independent exhibitor, the Northwick began its life in 1938 as a theatre but was soon converted for use as a 1000+ capacity cinema. The exterior of the building features the original brick front façade, the central feature of which is the stylish vertical name sign, the distinctive 'NORTHWICK'; but this scarcely gives a hint to the remarkable original interior which followed plans by the Art Deco interior designer John Alexander. The only surviving complete and unaltered example of his work, the interior features stunning relief plasterwork, 1930s light fittings and many other original decorative features. On 10th September 1966, after nearly 25 years as a picture house, the Northwick closed as a cinema with Dean Martin in The Silencers and Audie Murphy in Arizona Raiders. The building changed hands and reopened a fortnight later as a bingo hall. It was used in this way until 1982. The building reopened in 1991 as an entertainment centre, hosting live music and sometimes showing films. This venture lasted for 5 years. David and Helen Gray purchased the Northwick in 2004 and immediately began extensive restoration works to return the building to its original glory. After 18 months of restoration, the Northwick reopened as Grays of Worcester, which it has been trading as to date. PLANNING The site sits within the Northwick Neighbourhood Shopping Centre Designation, and as such is subject to the following sub-sections of SWDP Policy 10, which will be of importance to prospective buyers: G. The conversion of retail floor space outside the Primary and Secondary Shopping Frontages to alternative uses not providing a retail or commercial service will not be permitted unless the equivalent replacement floorspace is provided as part of the development proposal. I. The change of use of village, neighbourhood and corner shops to non-retailing uses will only be permitted if there is an alternative equivalent facility within safe walking distance or evidence is presented that the premises are no longer viable for any retail or commercial use. The site does not have any current development allocation within the adopted plan. However, conversion may be possible in the future subject to attaining the appropriate permissions for Change of Use Class for the Property. A point of consideration is the building's Grade II listed status. The building is of 1930 Art Deco architectural design, with the principal feature being the fibrous plaster decoration found flanking the proscenium arch. This decoration is believed to be the only surviving work of designed John Alexander. Consideration of the listed status and specifically of the conservation of the interior decoration will be of importance when considering any future use or development of the property.

Contact:

Fisher German LLP

Property Subtype:

Shopfront

Date on Market:

12/12/2024
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Commercial Properties for Sale Within 5 miles of the WR3, Worcester

More details for 1 The Avenue, Worcester - Office for Sale

The Cross - 1 The Avenue

Worcester, WR1 3QA

  • Office for Sale
  • £1,250,000
  • 3,707 sq ft
  • Conferencing Facility
  • Kitchen
  • Reception

Worcester Office for Sale

<p>Discover an unparalleled investment opportunity at 1 & 2 The Avenue, nestled within the vibrant heart of Worcestershire's City Business District. This substantial commercial property, currently configured with bedrooms, bathrooms, and a reception area, presents a versatile asset for discerning investors seeking robust returns and future growth potential.</p><p><br /></p><p>Boasting a strategic city centre location, this property is perfectly positioned to capitalise on the thriving local economy and high demand for both commercial and residential spaces. The current layout includes six dedicated offices, providing immediate income streams and flexibility for various business operations. However, a key highlight of this offering is its significant potential for conversion. With 14 existing bedrooms and bathrooms, the property could readily be reconfigured into five or more self-contained studio apartments, subject to the necessary planning permissions. This conversion would unlock a new dimension of rental income, catering to the strong demand for compact, modern living spaces within the city.</p><p><br /></p><p>From an investment perspective, the financial performance of this property is highly attractive. The projected annual rental income for the 2024-2025 period stands at a healthy £40,000, demonstrating a solid immediate yield. Furthermore, the income is set to increase, with a projected annual rental income of £42,000 for the 2025-2026 period, indicating a positive growth trajectory and strong tenant demand. This consistent and growing income stream makes 1 & 2 The Avenue a compelling proposition for investors looking for stability and appreciation.</p><p><br /></p><p>The property's generous proportions offer considerable scope for various uses beyond its current configuration. Whether maintained as a multi-office commercial hub, transformed into residential studios, or adapted for other commercial ventures, the sheer scale provides a rare level of adaptability. The presence of 14 bathrooms ensures that any future residential conversion would benefit from en-suite facilities, a highly desirable feature for modern tenants, enhancing rental appeal and value.</p><p><br /></p><p>Its prime location within the City Business District ensures excellent connectivity and accessibility, making it an attractive proposition for businesses and residents alike. Proximity to local amenities, transport links, and the bustling city centre further enhances its appeal, guaranteeing sustained interest from potential tenants or occupiers. The area benefits from a strong professional presence, contributing to the demand for well-located commercial and residential units.</p><p><br /></p><p>This is more than just a property; it is a strategic investment in a prime Worcestershire location, offering immediate income, significant conversion potential, and a clear path to increased future returns. Investors are encouraged to consider the long-term value proposition presented by 1 & 2 The Avenue, a versatile asset poised for continued success in the dynamic UK property market. Early viewing is highly recommended to fully appreciate the scope and potential of this exceptional offering.</p>

Contact:

Platinum Property Agents

Property Subtype:

Office / Residential

Date on Market:

12/11/2025
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More details for 59-60 High St, Worcester - Retail for Sale

59-60 High St

Worcester, WR1 2QA

  • Retail for Sale
  • £1,400,000
  • 5,383 sq ft
  • 1 Unit Available
  • Air Conditioning
  • Security System

Worcester Retail for Sale

The property will be sold on a new 999 year leasehold interest. The rent will be fixed at a peppercorn throughout. We are instructed to seek offers in excess of £1,400,000 (One Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 6.74%, assuming costs of purchase of 6.07%. The unit is let to Greggs plc, the original lease was signed in 2021.

Contact:

Watson's Property

Property Subtype:

Shopfront Retail / Office

Date on Market:

05/06/2025
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More details for 13 Park St, Worcester - Office for Sale

13 Park St

Worcester, WR5 1AA

  • Office for Sale
  • £550,000
  • 1,116 sq ft
  • Air Conditioning
  • Natural Light
  • Kitchen

Worcester Office for Sale

A three storey former warehouse that now comprises a ground floor office together with two 2 bed flats – one at first floor and one at second floor. The commercial unit can be accessed from the Park Street elevation or from Lock Street to the rear. This space is generally open plan and has ben subdivided by the current tenant. The space is supported by a dedicated kitchen and male, female and disabled toilets The two flats are accessed from Park Street via a dedicated stair core. The two flats are essentially identical except that the first floor flat has a private roof terrace at the rear. Each flat contains a large living room/kitchen, a bathroom/WC and two bedrooms. To the rear are 6 car parking spaces which are allocated to the commercial tenant. This is a considerable attribute to the property given the pressure of “on-road” parking in the immediate vicinity.

Contact:

Paarl Property Consultants

Date on Market:

20/03/2025
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More details for Gresley Rd, Worcester - Office for Sale

Brindley Court - Gresley Rd

Worcester, WR4 9FD

  • Office for Sale
  • £400,000
  • 2,058 - 2,496 sq ft
  • 2 Units Available
  • Air Conditioning
  • Raised Floor
  • Suspended Ceilings
  • DDA Compliant
  • Reception

Worcester Office for Sale

Brindley Court is situated just off Gresley Road which adjoins both Wainwright Road and Berkeley Way (B4639). The estate has excellent access to Junction 6 of the M5 motorway which lies 1.2 miles to the east and Blackpole Trading Estate and Blackpole and Elgar Retail Parks 1.4 miles to the west. Worcester city centre is approximately 3.3 miles to the south west along with both Shrub Hill and Foregate Street train stations. Unit 3, located on the ground floor provides a self contained office suite which benefits from its own entrance off a secured communal hallway and shared car park with allocated spaces for each suite.

Contact:

Fisher German LLP

Date on Market:

24/04/2024
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More details for Pershore Ln, Worcester - Industrial for Sale

Unit 8b - Pershore Ln

Worcester, WR4 0AA

  • Industrial for Sale
  • 57,705 sq ft

Worcester Industrial for Sale

Planning consent has been granted for Plot 8B which enables the Developer to provide certainty on delivery. A building could be delivered within 9 months. The unit has been designed to a high specification, including 10% roof lights, fitted offices with raised floors and suspended ceilings. The unit will be sustainable with a target EPC rating of ‘B’ and the scheme has achieved a BREEAM communities rating.

Contact:

BNP

Property Subtype:

Warehouse

Date on Market:

22/03/2024
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LoopNet UK Worcestershire Worcester Commercial Properties For Sale in WR3, Worcester, UK

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FAQs about Commercial Properties For Sale in WR3

See All Properties For Sale
How many Commercial Property listings are available for sale in WR3?
There are currently 1 Commercial Properties available for sale near WR3. These WR3 Commercial Property listings have an average size of. The largest available listing in WR3 is. The thriving commercial centre and excellent transport links in WR3 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in WR3?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in WR3 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in WR3?
There is a diverse range of commercial properties available in WR3 to suit various business needs. WR3 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 WR3 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the WR3, Worcester

You searched for commercial property for sale in WR3. Explore 1 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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