Prime Retail Investment Affluent Cathedral City

31 High Street, Worcester , WR1 2QL

Ref 14752

Category Invest

Type Retail

Status Available

Price/Rent £ 1,400,000

Size 1 - 3,582 sq ft
(0 - 333 sq m)

  • Worcester is a highly affluent Cathedral City and is the administrative hub for Worcestershire.
  • Situated in the heart of Worcester on the prime pedestrianised retailing pitch.
  • Located between the landmark scheme of Crowngate Shopping Centre and Cathedral Square, generating a high footfall past the property.
  • Single let to Costa Limited until 19 July 2022 at a passing rent of £89,000 per annum.
  • Costa Limited has a Creditsafe rating of Very Low Risk and has recently been named the nation’s favourite coffeehouse for the eighth year in a row.
  • Freehold.
  • Offers in excess of £1,400,000 (One Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 5.99% after allowing purchasers costs of 6.05%.