Summary - 3 FLAT REINDEER COURT WORCESTER WR1 2DS
1 bed 1 bath Retail Property (Shopping Centre)
High‑potential retail portfolio near major retailers and Foregate Street station.
Six freehold retail units within Reindeer Court arcade
A substantial freehold retail portfolio in the heart of Worcester city centre, offering six adjoining shop units arranged around the Victorian Reindeer Court arcade. The portfolio produces current rental income of £26,000 p.a. against an ERV of £90,000 p.a., presenting clear rental upside and a reported GIY of 7.84%. The buildings extend to 552 sq m (5,948 sq ft) including larger double‑fronted units and multi‑storey retail with ancillary accommodation.
Positioned between the pedestrianised Shambles and New Street, the centre benefits from strong comparison and high‑street occupiers nearby (M&S, JD Sports, Greggs, Costa, TK Maxx) and is 0.3 miles from Worcester Foregate Street station, supporting footfall and convenience for local retailers. The arcade retains Victorian character with high ceilings and arched windows, helping tenant appeal for boutiques, cafés and specialists.
Important considerations for buyers: the portfolio is offered with VAT applicability and is located in an area with very high recorded crime and very high deprivation, which can influence insurer and tenant risk profiles. Current passing rent is materially below ERV, so refurbishment, re‑letting and active asset management will be needed to unlock value. Prospective purchasers should carry out physical inspection and due diligence on construction, services and tenant leases.
High street retail property for sale in 12 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £300,000 • 1 bed • 1 bath • 2000 ft²
High street retail property for sale in 20 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £125,000 • 1 bed • 1 bath • 944 ft²
High street retail property for sale in 1 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £325,000 • 1 bed • 1 bath • 1887 ft²
High street retail property for sale in 22A Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £132,500 • 1 bed • 1 bath • 377 ft²
High street retail property for sale in Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £110,000 • 1 bed • 1 bath • 375 ft²
24 bedroom apartment for sale in Mealcheapen Street, Worcester, WR1 — £1,350,000 • 24 bed • 24 bath • 731 ft²
