Commercial properties for sale in Arboretum, Worcester, Worcestershire

Freehold city centre student investment opportunity currently producing an annual rental income of £318,360 per annum ( with potential to increase to £510,300 per annum).The property comprises 83 spacious en-suite bed spaces, a 1-bedroom ex warden flat and shared open plan kitchen an...

Location: The property is located on the vibrant Barbourne Road surrounded by other businesses and retail outlets. It is on a main access road to Worcester City centre being 3.7 miles from the M5 junction 6 and it is only 1 mile from Worcester Foregate Street Station giving commuter links to London Paddington Station. Description: The freehold property on offer comprises: A ground floor retail unit, currently let as a successful hairdressing salon business, with double frontage onto Barbourne Road and Brook Street. The retail unit benefits from display windows on the front and side elevations with a glazed front door. There is also an office/storage room with kitchen facilities and a separate toilet. The retail unit benefits from an off-street parking space. It also includes the freehold interests of a ground floor flat (No.1) and a first floor flat (No.2); both of which contain, one living room, one bedroom, bathroom and kitchen. The two flats gain separate access from an entrance on Brook Street into a communal hallway leading to the doorway of Flat 1 and doorway/stairs to Flat 2.There is also a cellar for the use of all tenants. Flat 1 benefits from the exclusive use of a small open yard.