Summary - 22A, REINDEER COURT, MEALCHEAPEN STREET WR1 2DS
1 bed 1 bath Retail Property (high street)
Compact, well-located unit suited to lettable shop or alternative Class E use.
Vacant possession; ground-floor retail unit, 35 sq m (377 sq ft)
ERV £10,500 p.a.; GIY 7.92% based on asking price
Freehold sale; VAT will apply to this transaction
Located between The Shambles and New Street; high footfall potential
Small unit size limits some operators; suited to niche retail or services
Potential damp issues noted; survey recommended prior to purchase
Area classified as very deprived with very high crime levels
Excellent mobile signal and fast broadband; strong transport links (0.3 miles to station)
This compact freehold unit sits on Reindeer Court between Worcester’s main shopping streets, offering a straightforward investment with immediate vacant possession. The ground-floor space (35 sq m / 377 sq ft) has a glass frontage and open-plan layout suitable for diverse Class E uses, giving flexibility to re-let or adapt for a niche operator.
Income and pricing are clear: estimated rental value £10,500 pa with a gross initial yield of 7.92% based on the asking price. VAT is applicable, so buyers should factor VAT treatment into acquisition costs and letting strategy. The property is close to strong retail names and within 0.3 miles of Worcester Foregate Street station, supporting steady pedestrian catchment.
Buyers should note material practicalities alongside the upside. The immediate area is classed as very deprived with very high crime levels, and the building descriptions reference potential damp — both factors that will influence letting risk, insurance and running costs. The unit’s small size limits some use-cases but also reduces capital input for fit-out and can suit specialist retailers or service operators targeting high-footfall streets.
High street retail property for sale in 20 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £125,000 • 1 bed • 1 bath • 944 ft²
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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 Reindeer Court, Mealcheapen Street, Worcester, Worcestershire, WR1 — £110,000 • 1 bed • 1 bath • 375 ft²
Shop for sale in 20 The Shambles, Worcester, Worcestershire, WR1 — £275,000 • 1 bed • 1 bath • 2513 ft²
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