COMMERCIAL
New Street, Worcester, WR1 2DP
Guide Price
£700,000
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Key features
- Ideal for investors or owner-occupiers
- Ground (business) and Upper Floor (2) Residential Units)
- Estimated Annual Gross Income 2026 = £55,800
- Development Potential
- Potential for Serviced Accommodation for Increased revenue
- Prime location with access to leisure scene nearby bars, restaurants and cultural attractions
- Excellent connectivity and transport links
- High-yield rental asset or a mixed use investment
Description
Discover an outstanding investment opportunity or owner-occupier prospect at 15 New Street, Worcestershire. This prominent mixed-use property presents a compelling blend of commercial and residential appeal, perfectly positioned to capitalise on its prime location and robust rental potential
The property comprises a versatile ground floor business unit (currently used as a bar), alongside two well-appointed residential units on the upper floors. This unique configuration provides a diversified income stream, making it an attractive proposition for discerning investors. The estimated annual gross income for 2026 is projected at an impressive £55,800, underscoring its strong financial performance and high-yield potential.
Bar - Potential Rent £36,000 pa
1 Bed Flat - Potential Rent £9,000 pa (£750 pcm)
Potential for conversion to 2 Serviced Accommodation Rooms with estimated revenue of £5,000 pcm, adding a GDV of £240,000 with costs of £50,000, estimated
3 Bed Flat - Potential Rent £12,600 pa (£1,050 pcm)
Potential to operate as Serviced Accommodation, without alteration, to provide an estimated revenue of £6,000 pcm
The location of 15 New Street is a true highlight, being at the heart of a vibrant leisure scene. A variety of nearby bars, restaurants, and cultural attractions create a dynamic and desirable environment, enhancing the property's appeal to a wide range of potential tenants or customers.
For investors, this property represents a secure and lucrative addition to any portfolio, offering a balanced mix of commercial stability and residential demand. The dual income streams mitigate risk and provide consistent returns.
For owner-occupiers, the flexibility to run a business from the ground floor whilst potentially residing in or letting out the upper residential units offers an unparalleled lifestyle and business synergy.
The bar, with its prominent street presence, offers excellent visibility and footfall, crucial for business success.
The residential units are designed to attract quality tenants, benefiting from the central location and access to amenities. There is also potential to convert/ operate them as Serviced Accommodation to compliment the Bar which would enhance the capital value as well as increase revenue. In addition, to the rear of the building there is potential for further development subject to planning permission. Initial enquiries have been made and with positive responses.
The City of Worcester, benefits from exceptional connectivity and transport links, ensuring ease of access and convenience for both commercial clients and residential tenants. In addition, the University of Worcester brings a strong student presence, and high proportion of young adults.
Worcestershire itself is a thriving county, known for its picturesque landscapes, historic market towns, and growing economy. Investing in 15 New Street means investing in a location with strong economic fundamentals and a high quality of life, which consistently attracts residents and businesses alike. The demand for both commercial spaces in prime locations and well-situated residential accommodation remains consistently high, ensuring the long-term viability and profitability of this investment.
This is a rare chance to acquire a high-performing, mixed-use property in a prime UK location. Whether you are an experienced investor looking to expand your portfolio with a high-yield rental asset, or an owner-occupier seeking a strategic base for your business with additional income potential, 15 New Street offers an unmissable opportunity. Early viewing is highly recommended to fully appreciate the scope and potential of this exceptional property.
New Street, Worcester, WR1 2DP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worcester Foregate Street Station0.3 miles
- Worcester Shrub Hill Station0.5 miles
- Worcestershire Parkway Station3.5 miles
Notes
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