Rare opportunity to acquire trio of Grade II listed properties in central Worcester
Specialist business property adviser, Christie & Co has been instructed to market 15, 16, and 17 New Street, Worcester. The three residing properties, which are available indivually or as a group, offer various investment opportunities for a new buyer.
Situated in a prominent position in central Worcester, the attractive Grade II listed buildings are full of charm and character, found within the historic town.
The properties are trading as a self-check-in hotel operation and due to the nature of the business set up, it produces some extremely good Income to Profit margins, along with it currently being the number one hotel destination in Worcester on Booking.com. The properties also include three retail units on the ground floors, two of which currently operate as a launderette and churro shop, and are available separately.
This is an excellent opportunity for a new buyer to acquire an extremely versatile site with scope for multiple uses. A new owner may wish to extend upon the hotel business to include a further nine hotel rooms, or six apartments, subject to planning permission.
Sam Roberts, Broker at Christie & Co who is handling the sale, comments, “This is a fabulous opportunity to invest in Worcester's thriving commercial, hospitality and retail market. A prominent and central location, these three properties, together with the two shops and businesses, brought individually or as a whole, present a unique and versatile income stream for a would-be buyer but also giving the purchaser the chance to expand on the current operation and add further value. ”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Sam Roberts, Broker - Hotels
M: +44 7764 241 321 or E: sam.roberts@christie.com
Visit our Business Search page to find out more about our current listings.
