Skip to content

Lowesmoor Wharf & Canalside Business Park, Worcester, Worcestershire, WR1

Offers in Excess of
£4,250,000

£65.89 per sq ft

Business rates & charges may apply

WATLING REAL ESTATE LIMITED, Birmingham
SIZE AVAILABLE

64,500 sq ft

5,992 sq m

SECTOR

Business park for sale

Key features

  • Mixed use estate comprising predominantly industrial and office accommodation.
  • Located in a highly prominent position within Worcester City Centre.
  • 41 commercial units ranging in size from 350 sq ft to 5,400 sq ft providing a GIA of almost 64,500 sq ft (5,987 sq m) overall, plus 2 residential units.
  • Let to 24 commercial tenants at a low average passing rent of £7.28 per sq ft.
  • Very low vacancy rate of just 10% of floor area, demonstrating strong occupier demand.
  • Total site area extends to 2.73 acres (1.10 hectares).
  • Reversionary investment opportunity with immediate asset management initiatives available in order to drive rental and capital value growth.
  • ERV in the order of £560,000 per annum.
  • Strategically located with future redevelopment potential (subject to planning).

Description

Location

Lowesmoor Wharf is located 0.5 mile northeast of Worcester's city centre within a mixed-use location. The property is prominently situated on the junction of Pheasent Street and Lowesmoor Terrace. Nearby occupiers include Aldi, Dreams, Asda superstore and Bradfords Building Suppliers along with a range of independent businesses.

Description

Lowesmoor Wharf and Canalside Business Park comprises a multi-let office and industrial complex. The estate provides 43 units which consist of industrial, office, retail warehousing and two residential dwellings. The property consists of two distinct elements, being Lowesmoor Wharf and the Canalside office complex.

Canalside Business Park

The Canalside Business Park consists of four detached buildings providing office and commercial suites ranging between 350 sq ft and 1,500 sq ft. All buildings are of brick construction with tiled roofs and communal toilet facilities.

Lowesmoor Wharf

This element of the property comprises 23 self-contained units ranging in size from 380 sq ft to 5,400 sq ft.

The buildings are located around a central core and generally of an industrial nature, with brick elevations and a mix of roof coverings. To the boundary of the site there are several commercial buildings which are of a similar brick construction incorporating tiled roofs providing office/commercial accommodation.

Two residential flats are located at first floor level above Unit 71 and 10A Lowesmoor Wharf.

The site has a single access point from Lowesmoor Terrace which provides access to the internal estate road.

Car parking is provided across the estate with allocated parking spaces generally being demised within tenancy documentation. The estate road also provides access to Worcester Marina (owned by Canals & River Trust) which is located directly to the north of the property.

Brochures

Lowesmoor Wharf & Canalside Business Park, Worcester, Worcestershire, WR1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Worcester Foregate Street Station0.2 miles
  • Worcester Shrub Hill Station0.3 miles
  • Worcestershire Parkway Station3.6 miles

About WATLING REAL ESTATE LIMITED, Birmingham

Colmore Row, Birmingham, B3 2AP

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 223106. 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 WATLING REAL ESTATE LIMITED, Birmingham. 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.

Map data ©OpenStreetMap contributors.