6-9 Broad Street, WorcesterPosted on December 3, 2016
In November 2016 Clay Street acquired this prime retail investment on behalf of a private investor.
- Prime Freehold retail property in the affluent cathedral city of Worcester.
- HSBC’s flagship banking premises in this busy pedestrianised trading location.
- Property is home to HSBC’s Retail, Private and Commercial banking operations and is arranged over ground, basement and three upper floors providing a total of 14,612 sq ft (1,357.5 sq m).
Fully let to HSBC Bank Plc until 18th October 2021 (5 years unexpired).
- Current passing rent of £225,000 per annum reflecting £80psf Zone A.
The asset was purchased from M&G Investments for £3,130,000 reflecting a net initial yield 6.75%.