SOLD - Lowesmoor Wharf, Worcester

SOLD - Lowesmoor Wharf, Worcester

  • Prominently located in Worcester city centre
  • A warehouse and office park extending to approximately 62,187 sqft.
  • Let in its entirety to Lowesmoor Wharf Developments Limited for a term of 125 years from 29th September 1980, (in excess of 89 year unexpired).
  • Low current rent of £75,000 per annum.
  • Attractive upward only 5 yearly reviews.
  • Outstanding 2014 review allowing for immediate reversion.
  • Offers sought in excess of £1,200,000 (One Million Two Hundred Thousand Pounds) which reflects a net initial yield of 5.91% and a reversionary yield of 9.37% assuming purchasers’ costs of 5.8% have been applied.
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