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

Investment Consideration:
Rental Income: £26,000 p.a.
ERV: £90,000 p.a. GIY: 7.84%
VAT is applicable to this property
Comprises portfolio of 6 freehold retail shops, located within Reindeer Court Retail Centre
Total area size of 552 sq m (5,948 sq ft)
Reindeer Court is a retail centre located between pedestrianised The Shambles and New Street, which is home to retailers such as JD Sports, M&S, Greggs, Café Nero, Vodafone, TK Maxx and more.

1 Reindeer Court:
Comprises triple fronted ground floor shop with office accommodation at first floor and storage at second floor, providing the following accommodation and dimensions:
Ground Floor: 34 sq m (367 sq ft)
Open plan retail
First Floor: 65 sq m (700 sq ft)
5 rooms
Second Floor: 76 sq m (820 sq ft)
Open plan storage, wc
Total NIA: 175 sq m (1,887 sq ft)

12 Reindeer Court:
The property comprises large two-storey retail premises, providing 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)

20 Reindeer Court:
The property comprises two-storey retail premises and provides the following accommodation and dimensions:
Ground Floor: 47 sq m (503 sq ft)
Open Plan Retail
First Floor: 33 sq m (363 sq ft)
Ancillary, WC
Total NIA: 80 sq m (866 sq ft)

22A Reindeer Court:
The property comprises ground floor retail unit and provides the following accommodation and dimensions:
Ground Floor: 35 sq m (377 sq ft)
Open Plan Retail, Storage, WC

23 Reindeer Court:
The property comprises two-storey retail unit t/a Lingerie Boutique and provides the following accommodation and dimensions:
Ground Floor: Retail 32.80 sq m (353 sq ft)
First Floor: Ancillary, WC 44.50 sq m (522 sq ft)
Total NIA: 81.30 sq m (875 sq ft)

29 Reindeer Court:
The property comprises two-storey retail unit t/a Beauty Salon and provides the following accommodation and dimensions:
Ground Floor: Retail, WC 20.60 sq m (222 sq ft)
First Floor: Ancillary 14.20 sq m (153 sq ft)
Total NIA: 34.80 sq m (375 sq ft)

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.