Summary - 13b Park Street, WORCESTER WR5 1AA
1 bed 1 bath Office
Immediate income with residential upside and six off‑street spaces.
- Freehold mixed‑use in central Worcester with immediate income
- Ground floor commercial let to 2030; rent £14,500 pa
- Two x 2‑bed flats occupied; holding over; rents from 2022
- Six allocated off‑street parking spaces included in title
- Reversionary rental upside on residential rents
- Commercial EPC D (98); flats EPC C (78/79)
- Located in very deprived area with high local crime rate
- Lease has 2028 rent review and tenant break clause
This freehold mixed‑use property offers an investor a central Worcester location with immediate income and clear upside from the residential floors. The building comprises a ground‑floor commercial unit plus two 2‑bed flats above, all with mains heating, separate EPCs and six dedicated rear car spaces — a rare town‑centre benefit that supports tenant demand.
The commercial unit is let to InHealth Intelligence Ltd until September 2030 with an upwards‑only rent review in 2028 and a tenant break option the same year. The flats are occupied on assured shorthold tenancies and are “holding over” on rents last set in 2022, presenting straightforward reversionary rental growth potential for the residential element.
Material factors to note: the property lies in a very deprived area with a high local crime rate, which may affect some tenant profiles and management requirements. The commercial EPC is D (98) and the flats are C (78/79); lifecycle and compliance works should be considered. The building sits within the Sidbury and Fort Royal Conservation Area and is sold with the tenants’ statutory protections intact.
Overall, the asset will suit an investor seeking immediate cashflow plus short‑to‑medium term upside by re‑letting or re‑basing the residential rents, while benefiting from freehold ownership and off‑street parking in a city‑centre location.
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