Available
Worcester – Two-Storey Retail Premises
20 Reindeer Court, Worcester, Worcestershire WR1 2DSFreehold Retail Investment
Price
£125,000
Rent P.A.
£9,000
Yield
7.20%
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
2y 4m
Area
866 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises two-storey retail premises
- Suitable for variety of uses (Class E)
- Located inside Reindeer Court between The Shambles and New Street, which is home to retailers such as JD Sports, M&S, Greggs, Café Nero, Vodafone, TK Maxx and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises ground floor retail premises with internally accessed first floor ancillary, providing the following accommodation and dimensions:
Ground Floor: 53 sq m (570 sq ft)
Open plan retail, storage
First Floor: 35 sq m (377 sq ft)
Ancillary, wc
Ground Floor: 53 sq m (570 sq ft)
Open plan retail, storage
First Floor: 35 sq m (377 sq ft)
Ancillary, wc
Tenancy Description
Property is at present let to an Dev Creative Ltd (with personal guarantee) for a term of 3 Years from 6th August 2025 at a current rent of £9,000 p.a. and the lease contains full repairing and insuring covenants. Rent review in February 2027 linked to RPI. Tenant option to determine in February 2027 with min 6 months notice. Deposit held of £2,250.
Tenancies & Accommodation
Location Description
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.
