Freehold commercial property is top of shopping list for Worcestershire investorsJanuary 2022
The sale of the freehold of a three storey building in a prominent position in Worcester city centre has been successfully negotiated by Worcestershire commercial property consultancy GJS Dillon and national auction house Bond Wolfe.
Acting on behalf of the vendor, Andrew Lewis, Associate Director at GJS Dillon, sold 24 & 25 The Tything at auction to a private investor for a guide price of £395,000. The property consists of a three-storey building providing two self-contained retail units on the ground floor and accommodation on the ground floor and vacant space on the first and second floors with potential for development. Mr Lewis worked in conjunction with national auction house Bond Wolfe in order to sell the property.
Mr Lewis said ‘Mixed-use commercial properties of this calibre are very popular, particularly in central Worcester which has a strong community atmosphere. In this instance we were able to use our local knowledge and work in partnership with Bond Wolf to sell the property at auction. With interest rates still low, demand from investors for this type of freehold investment property in Worcestershire remains high’
Lisa Worrall, Agency Director at Bond Wolfe said’ We were again delighted to assist GJS Dillon with sale of one of their clients’ properties through our auction. With the extensive buyer reach of our auction, combined with GJS Dillon’s expert knowledge of the Worcester commercial property market, we were able to achieve a favourable result for the seller. We look forward to acting jointly with them with auction disposals throughout 2022’
GJS Dillon’s Worcestershire Commercial Property Market Report 2021 can be found here https://www.gjsdillon.co.uk/marketreport/
GJS Dillon is a multi-award winning commercial property consultancy with offices in Bromsgrove, Droitwich and Worcester. It offers a comprehensive service including sales and lettings, acquisition and business relocation, commercial property management, residential and commercial surveys, valuations and tenant rent reviews. During its 10 year history GJS Dillon has established an unrivalled reputation for trusted local expertise throughout Worcestershire.Return to News