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Block of flats
The Cross, Worcester WR1
£525,000
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.