Status: Sold

Worcester Mixed Commercial and Residential Investment Premises

  • 22 Foregate Street, Worcester WR1 1DN
  • 6,489 Sq Ft (602.85 sq m) NIA
  • Guide Price £650,000 for the freehold

Prominently situated City Centre Mixed Commercial and Residential Investment Premises. Currently producing £54,300 per annum from six individual tenants. Ground floor restaurant tenant in occupation on a new fifteen year lease.

The property is situated in a prominent position fronting Foregate Street and within 800 yards of Foregate Street Railway Station in what is the main business district of Worcester city centre. Foregate Street is one of the main arterial routes leading into Worcester city centre from the north and the area is synonymous with restaurants, leisure uses, professional service occupiers as well as good quality first and second floor living accommodation as the property is in easy walking access onto Worcester’s main pedestrianised High Street shopping area.

The property comprises a mid terraced four storey Grade II Listed mixed commercial and residential building. The ground floor restaurant, cellar and part ancillary first floor storage accommodation let to Café Mela on a new 15 year lease from 1 June 2017. The first and second floors of the property are Bedsits let on Assured Shorthold Tenancy . The third floor one bedroom self contained flat is also let on Assured Shorthold Tenancy

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