Summary - GROUND FLOOR,18-19 WORCESTER STREET,KIDDERMINSTER,DY10 1ED DY10 1ED
1 bed 1 bath Commercial Property
**Standout Features:**
- Freehold town center retail investment opportunity.
- Fully let with strong leases in place, generating current income of £16,500 per annum, rising to £18,500.
- Spacious 4,417 sq. ft. property with a ground floor shop and a dance studio on the first floor.
- Prime location near Rowland Hill Shopping Centre, surrounded by various amenities.
- Excellent net initial yield of 8.27%, with future reversionary yield potential.
**Summary:**
Discover a fantastic investment opportunity in the heart of Kidderminster with this expansive freehold commercial property located at 18-19 Worcester Street. Spanning over 4,417 sq. ft., the property features a prominent ground floor retail space currently leased to KB Corporation Ltd, generating £10,000 a year, and a vibrant first-floor dance studio leased to Chloe Evans, bringing in an additional £6,500. With an established total income of £16,500 annually, expected to increase to £18,500, this property offers great financial potential.
Its desirable town center location ensures foot traffic and visibility, making it an attractive choice for future tenants. Surrounded by a plethora of amenities—from cafes to retail stores—this area boasts strong consumer demand. While local area crime rates are noted to be high, the promise of reliable returns and an 8.27% yield positions this opportunity as a compelling prospect for seasoned investors or those looking to diversify their portfolios. Secure your investment for offers in excess of £195,000—don't miss your chance to capitalize on this lucrative retail space!
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