COMMERCIAL
3 The Cross, with 1 & 2 The Avenue, Worcester, Worcestershire, WR1 3PZ
Guide Price
£1,250,000
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Investment Opportunity
- Six (6) Offices
- Convertible into 5+ Studios
- City Centre
- City Business District
- 2024-2025 Annual Rental Income = £40,000
- 2025-2026 Annual Rental Income = £42,000
Description
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.
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.
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.
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.
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.
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.
Energy Performance Certificates
EPC 13 The Cross, with 1 & 2 The Avenue, Worcester, Worcestershire, WR1 3PZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worcester Foregate Street Station0.1 miles
- Worcester Shrub Hill Station0.5 miles
- Worcestershire Parkway Station3.6 miles
Notes
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Disclaimer - Property reference PLT_WRC_LFSYCL_320_798435924. 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 Platinum Property Agents, Worcestershire. 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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