Summary - 20, REINDEER COURT, MEALCHEAPEN STREET WR1 2DS
1 bed 1 bath Retail Property (high street)
Characterful freehold shop near major retailers and transport links.
Freehold two-storey retail with 944 sq ft total area
Let to Dev Creative Ltd from 6 Aug 2025 at £9,000 pa
Gross initial yield 7.20% — immediate income potential
Lease is full repairing and insuring; tenant option Feb 2027
VAT applies to the sale — affects purchaser tax position
Located 0.3 miles from Worcester Foregate Street station
Situated in very deprived area with very high local crime rate
Victorian frontage, large windows and high ceilings; may need refurbishment
A freehold, two-storey retail unit in Reindeer Court, Worcester, offered with a secure tenant paying £9,000 pa. The property benefits from period brick frontage, large display windows, high ceilings and a courtyard location that attracts pedestrian flow from nearby national retailers and the city centre.
For investors seeking income, the lot offers a gross initial yield of 7.20% and a short-term lease in place from August 2025 with a personal guarantee and a £2,250 deposit. The lease is full repairing and insuring, with an RPI-linked rent review and a tenant option to determine in February 2027, so note near-term income uncertainty.
Practical matters: VAT is applicable to the sale, and the property sits in a very deprived, high-crime area — factors that may affect resale and tenant mix. The unit is well connected (0.3 miles from Worcester Foregate Street station) and sits among strong national occupiers, supporting footfall and re-letting potential for Class E uses.
This building suits investors who prioritise immediate yield and central retail positioning but are comfortable managing short lease risk, VAT implications, and local socio-economic challenges. Physical strengths (Victorian character, glazing, high ceilings) support attractive retail presentation; some refurbishment or ongoing maintenance may be required to maximise rent and tenant stability.
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