Property investor acquires Worcester retail unit in £5.5m deal
A large retail unit in Worcester city centre has been acquired in a deal worth more than £5.5m.
Property investor Custodian REIT has purchased the unit in High Street let to Superdrug.
The property comprises a ground floor sales unit with upper floor ancillary accommodation. Nearby shops include Boots, Marks & Spencer, Debenhams, TK Maxx, and Paperchase.
The tenant's lease expires on March 24, 2027 with a current passing rent of £384,270 per annum, reflecting a net initial yield of 6.50%.
The agreed purchase price of... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...