Greggs, 59-60 High Street, Worcester, WR1 2QA
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10-year Greggs investment on prime High Street retail pitch in Worcester city centre.
Prominent corner building at the junction of High Street, The Cross, St Swithen’s Street and Broad Street. Part of the pedestrianised area of High Street with nearby retailers including Superdrug, WH Smith, Boots, TK Maxx and M&S.
5,383 sq ft retail unit over basement, ground and 1st floor.
Re-geared lease to Greggs plc on an unbroken 10 year term from May 2025.
Rent of £100,000 per annum from undoubted plc covenant.
We are instructed to seek offers in excess of £1,400,000 (One Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 6.74%, assuming costs of purchase of 6.07%.
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