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.