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59 Prestwich Avenue - Costcutter, Worcester, WOR

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Costcutter - 59 Prestwich Avenue

Worcester, WR5 1QG

Property type:Retail Sub type:Storefront Retail/Residential Status:Existing Year built:1965
Building size:2,859 sq ft
For sale price:£350,000 Price:£122.42 sq ft
Yield:7.57 %
Parking:6 Surface spaces are available; Ratio of 2.09/1,000 SF

The property comprises an end-terrace retail building, which is of traditional masonry brickwork construction, providing ground floor retail accommodation with adjoining ground and first floor residential accommodation.

The property is located on Prestwich Avenue within the Worcester area. It is situated within a short distance from access to the A44 via Prestwich Avenue and also provides access to Worcester city centre and Worcester Shrub Hill railway station via B4636.

Sale Notes:
The available investment comprises ground floor retail accommodation currently let with additional residential accommodation on the first floor, extending to approximately 2,859 sq ft.

The investment is available for an asking price of offers over £370,000 subject to tenancy, with a current passing rent of £26,250 per annum exclusive. The premises are currently let to H and H Worcester Ltd. The lease dated 20th October 2005 is for a term of 15 years. Further information upon application to the agent.

McCartneys LLP
Michael Edwards
01544 230316

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