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12 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1

Fixed Price
£175,000

£87.50 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

2,000 sq ft

186 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Description

Investment Consideration:
Gross Initial Yield: 6.86%
Rental Income: £12,000 p.a.
VAT is applicable to this property
Comprises two-storey retail unit, t/a dog clothing shop
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.

Property Description:
The property comprises two-storey retail unit t/a Dog Clothing Shop and provides the following accommodation and dimensions:
Ground Floor: 105 sq m (1,132 sq ft)
Open Plan Retail, Storage
First Floor: 81 sq m (868 sq ft)
Ancillary, WC
Total NIA: 186 sq m (2,000 sq ft)

Tenancy:
The property is at present let to Hugo and Ted Ltd t/a Dog Clothing Shop for a term of 6 Years from 7th September 2022 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Rent review linked to RPI on 07.09.25. Tenant option to determine on 07.09.23 and 07.09.25 with min 1 month notice. Lease within Landlord & Tenant Act 1954.

Location:
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.

Brochures

12 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worcester Foregate Street Station0.2 miles
  • Worcester Shrub Hill Station0.5 miles
  • Worcestershire Parkway Station3.5 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine, London

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a

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Notes

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Disclaimer - Property reference reindeer12. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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