54 High Street, WorcesterPosted on November 30, 2017
In October 2017 Clay Street acquired this prime retail investment on behalf of a private investor.
- Freehold, 100% prime retail property in the affluent cathedral city of Worcester.
- Barclays Flagship Worcestershire branch and the only Barclays bank in Worcester to provide retail, business and mortgage banking.
- Let to Barclays Bank Plc for a term of 20 years from 21st July 2006 at a current rent of £262,000 per annum (approximately 9 years unexpired).
- The building is arranged over basement, ground and three upper floors and provides a net internal area of 8,667 sq ft.
The asset was purchased from CBRE Global Investors for £4,615,000 reflecting a net initial yield 5.33%.