Summary - 12, REINDEER COURT, MEALCHEAPEN STREET WR1 2DS
1 bed 1 bath Retail Property (high street)
Freehold two‑storey retail in Reindeer Court — vacant, ERV £30k, VAT applicable..
- Freehold two-storey retail unit, c.2,000 sq ft (186 sq m)
- Vacant possession with ERV £30,000 pa and GIY 10.00%
- Prime arcade location, 0.3 miles from Worcester Foregate Street
- Victorian arched shopfront, large display windows, high ceilings
- Class E use offers flexible retail/food/office options
- VAT is applicable to the sale price
- Immediate area: very deprived with very high crime levels
- Small plot and limited external servicing/storage
A substantial two‑storey freehold retail unit in the covered Reindeer Court arcade, offered with vacant possession and clear investment metrics. The property provides c.2,000 sq ft (GIA 186 sq m) across ground-floor open-plan retail and first-floor ancillary space, with a Victorian arched façade, large display windows and high ceilings that suit branded or independent retail occupiers.
Location is a key strength: the unit sits between The Shambles and New Street, within 0.3 miles of Worcester Foregate Street station and adjacent to national occupiers including M&S, JD Sports, Greggs and Costa. The estimated rental value is £30,000 pa with a quoted gross initial yield (GIY) of 10.00%, and VAT is applicable to the sale.
There are clear re-letting and conversion opportunities given the Class E use, attractive frontage and high pedestrian footfall in this central retail circuit. Buyers should allow for active asset management to realise rental potential — short-term refurbishment or tenant fit-out may be required depending on use.
Important cautions: the immediate area is described as very deprived with very high crime levels, which can affect rental tone and tenant demand. The plot is small and the property sits within a busy arcade environment, so external storage and servicing are limited. Prospective purchasers should factor VAT, local market conditions and any necessary tenant incentives into purchase plans.
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