Lowesmoor Wharf & Canalside Business Park – Income Producing Investment
£4,250,000
(Offers Over)
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.
