Summary - 13b Park Street, WORCESTER WR5 1AA
**Key Features:**
- **Prime Location**: Located in a predominantly residential area, just 500 meters from Worcester's city center and 300 meters from A44 London Road.
- **Mixed-Use Property**: A three-storey former warehouse converted into a ground floor commercial space and two identical 2-bedroom flats, enhancing rental opportunities.
- **Strong Rental Income**: Commercial unit leased until September 2030 at £14,500/year; two flats bringing in a combined £1,525/month.
- **Parking Available**: Six allocated car parking spaces, a rare asset in urban settings.
- **Potential Growth**: Favorable location for tenant demand and opportunity for reversionary rental income.
- **Planning Flexibility**: Situated within Sidbury and Fort Royal Conservation Area, ideal for potential renovations or structural improvements.
This mixed-use commercial property at 13 Park Street presents an exciting investment opportunity with a blend of residential and commercial elements. The expansive ground floor, currently used as an office, is complemented by two well-appointed 2-bedroom flats, the first of which boasts a private roof terrace. Given the property's proximity to the bustling core of Worcester and essential amenities, tenant demand is likely to remain strong, offering substantial rental growth potential.
While the commercial space is on a secure long-term lease with rent reviews scheduled, the two residential units are currently occupied under Assured Shorthold Tenancy agreements. This balance of secure income from commercial operations with the possibility for residential rental adjustments creates a versatile investment strategy. However, potential buyers should note the high crime rate in the area and assess neighborhood safety.
Overall, the freehold opportunity priced at £550,000 is an inviting prospect for investors seeking a competitive edge in the Worcester property market, particularly with secure tenants and a growing local economy. Act now—properties of this unique caliber do not last long!
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