COMMERCIAL
New Street, Worcester, WR1 2DP
Guide Price
£1,650,000
- PROPERTY TYPE
Retail Property (high street)
- BEDROOMS
10
- BATHROOMS
10
- SIZE
Ask agent
Key features
- Ideal for business owners and investors
- Established Self Check-in Hotel
- Ten (10) high-standard ensuite Boutique Rooms
- Self Check-in Hotel - Projected Profit = £165,000
- Self Serve Laundrette - £12,000 per annum
- Ideal location offering easy access to nearby bars, restaurants and cultural attractions
- Attractive established business and Freehold
- Potential to add further rooms or create lettable commercial unit
Description
Situated right in the heart of Worcester’s vibrant city centre, 16 & 17 New Street offer a rare opportunity to acquire both the Freehold ownership of this characterful building and an already established Self Check-in Hotel business generating a strong income.
Blending historic charm with modern hospitality, the property occupies a prime position within Worcester’s popular leisure and hospitality district, surrounded by cafés, restaurants, bars and independent shops, making it an attractive destination for both business and leisure guests.
The Building
Originally two elegant three storey townhouses dating back to the early 18th Century, these Grade II Listed buildings have been thoughtfully adapted to provide 10 stylish boutique rooms together with commercial space at ground floor level.
The accommodation offers ten modern en-suite double bedrooms, all finished to a high standard with televisions and contemporary shower rooms. The rooms successfully combine the character of the historic building with the comfort and style expected by today’s guests, creating a welcoming and memorable stay in the centre of Worcester.
The ground floor currently incorporates a modern self-service laundrette fitted with high specification washing and drying equipment, together with a separate laundry area supporting the accommodation business. The laundrette also serves the public, creating an additional income stream alongside the hotel operation.
There is further flexibility within the layout, with the additional commercial frontage at 16a currently utilised as laundry space but offering potential for alternative use, including conversion into an additional guest room or letting on a commercial lease, subject to any necessary consents.
The Business Opportunity
The Self Check-in Hotel business is already established and trading, offering buyers an opportunity to take over an operational business with regular income from day one.
The boutique rooms currently generate a turnover fluctuating between approximately £12,000 and £20,000 per calendar month, with projected gross annual income in the region of £250,000 per annum.
The laundrette business provides a further income stream, currently generating approximately £12,000 gross per annum.
In addition, the secondary commercial frontage offers potential for further income growth or reconfiguration depending on the buyer’s plans and strategy.
The Location
New Street is perfectly positioned for visitors wanting to enjoy everything Worcester has to offer. Guests can step straight out into the city’s bustling café culture, bars, restaurants and shopping areas, while also benefiting from convenient access to local supermarkets and nearby long stay parking.
Worcester itself continues to attract visitors throughout the year thanks to its historic character, riverside setting and excellent transport connections. The property also provides an excellent base for exploring the surrounding areas including the Malvern Hills, the Cotswolds and Birmingham via both motorway and rail links.
The combination of Freehold ownership, an established hospitality business, multiple income streams and a prime city centre location creates an exciting investment opportunity with both immediate income and long term potential for future growth.
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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