Summary - Lowesmoor Wharf & Canalside Business Park, Worcester, Worcestershire, WR1 WR1 2RS
1 bed 1 bath Business Park
Reversionary multi‑unit investment with redevelopment upside by the canal.
Freehold mixed‑use estate in Worcester city centre, canal frontage
This freehold mixed‑use estate occupies 2.73 acres in central Worcester, arranged around a single estate road and canal frontage. The site comprises 41 commercial units and two residential flats, with a total GIA of almost 64,500 sq ft. Current income is low‑reversionary, reflecting a low average passing rent of £7.28/sq ft against an estimated ERV of c. £560,000 pa.
The asset is effectively fully operational with a low vacancy (circa 10% by floor area) and established tenant base across industrial, office, retail and warehousing uses. Car parking is provided on site and there is direct access to Worcester Marina and nearby retail anchors including Aldi and Asda, supporting ongoing occupier demand.
This is a reversionary investment suited to an active owner or investor. Immediate asset management opportunities include re‑letting voids, driving rents towards ERV, lease renewals, and targeted refurbishment of industrial and office stock. The site also offers longer‑term redevelopment potential subject to planning, given its canalside location and prominent city‑centre position.
Material drawbacks: the local area shows high deprivation and very high crime levels, which can affect tenant mix and valuations. Passing rents are low relative to ERV, so value depends on successful asset management and potential planning consent for redevelopment. No specific planning permissions are in place.
Office for sale in 13 Park Street, Worcester, Worcestershire, WR5 1AA, WR5 — £550,000 • 1 bed • 1 bath • 1840 ft²
5 bedroom apartment for sale in The Hop Warehouse, 35 Southfield Street, Worcester, Worcestershire, WR1 1NJ, WR1 — £500,000 • 5 bed • 5 bath • 582 ft²
Light industrial facility for sale in South Works, Bromyard Road, Worcester, Worcestershire, WR2 — £5,250,000 • 1 bed • 1 bath
Commercial property for sale in Wylds Lane, Worcester, Worcestershire, WR5 1DF, WR5 — £190,000 • 3 bed • 2 bath
14 bedroom house of multiple occupation for sale in Lowesmoor, Worcester, WR1 2RS, WR1 — £549,000 • 14 bed • 5 bath • 3670 ft²
Commercial property for sale in 3 The Cross, with 1 & 2 The Avenue, Worcester, Worcestershire, WR1 3PZ, WR1 — £1,250,000 • 1 bed • 1 bath • 485 ft²
