Block of flats

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Block of flats

The Cross, Worcester WR1
£525,000

Price History

Initial price £550,000
28/12/24 £545,000
03/01/25 £540,000
11/01/25 £535,000
17/01/25 £530,000
01/02/25 £525,000
Price Change -4.55%

Description

This multi-unit property in Worcester offers a unique investment opportunity, comprising a commercial unit and two one-bedroom flats. The takeaway business on the ground floor generates £30,000 in annual rent, while the upstairs space has planning permission for a House of Multiple Occupation (HMO) or studio flats. The property has the potential to produce a significant annual gross income of £30,000, making it an attractive addition to an investor's portfolio. With its valuable amenities within walking distance and potential for further development, this property presents a fantastic chance for investors to generate fantastic rental returns.