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2 Mealcheapen St 1,670 SF 100% Leased Retail Building Worcester WR1 2DH $310,500 ($185.93/SF) 8.51% Cap Rate
INVESTMENT HIGHLIGHTS
- 1,669 sq ft (155.1 sq m).
- Ground floor is tenanted.
- Retail investment opportunity.
- Two upper floors are currently vacant.
EXECUTIVE SUMMARY
The property is situated in the established secondary trading location of Mealcheapen Street, which runs between New Street and The Shambles, with an entrance to Reindeer Court Shopping Centre. The property is in close proximity to The Cornmarket pay and display car park. Mealcheapen Street has become the main pedestrian thoroughfare from the St Martin's Quarter retail development into the heart of the City Centre and the main High Street. The property comprises a mid terrace Grade II Listed three storey building currently arranged as a ground floor retail unit with two floors above. The ground floor is tenanted whilst the first and second floors are currently vacant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
1,670 SF
Building Class
C
Year Built
1806
Price
$310,500
Price Per SF
$185.93
Cap Rate
8.51%
NOI
$26,424
Percent Leased
100%
Building Height
3 Stories
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Jessica's Sweets
- -
- 445 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Jessica's Sweets | - | 445 SF | - | - |
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NEARBY MAJOR RETAILERS
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2 Mealcheapen St
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