Lowesmoor Wharf & Canalside Business Park – Income Producing Investment

£4,250,000 (Offers Over)
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Property Summary

 
  • Lowesmoor Wharf and Canalside Business Park is a mixed use estate comprising predominantly industrial and office accommodation.
  • Located in a highly prominent position within Worcester City Centre.
  • 41 commercial units ranging in size from 350 sq ft to 5,400 sq ft providing a GIA of almost 64,500 sq ft (5,987 sq m) overall, plus 2 residential units.
  • Let to 24 commercial tenants at a low average passing rent of £7.28 per sq ft.
  • Very low vacancy rate of just 10% of floor area, demonstrating strong occupier demand.
  • Total site area extends to 2.73 acres (1.10 hectares).
  • Reversionary investment opportunity with immediate asset management initiatives available in order to drive rental and capital value growth.
  • ERV in the order of £560,000 per annum.
  • Strategically located with future redevelopment potential (subject to planning).
  • We are instructed to seek offers in excess of £4,250,000 subject to contract and exclusive of VAT.
  • Ref: 223106
  • Type: Industrial, Investment, Office
  • Availability: For Sale
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