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Lease Commercial Property in Worcestershire

Property Ref : CH4211
Site at Sansome Walk Car Park, Sansome Walk, Worcester
Type - Commercial Development Land
Tenure - Lease

Site located within walking distance of Worcester town centre with planning permission for a student accommodation block of around 100 Rooms. The site is clear and currently used as a car park and demand for student accommodation from Worcester University is extremely high. Student accommodation within the city has been achieving £145 per week and 100 units at a conservative figure of £125 p/w for 51 weeks gives a gross yield of £637,500 p/a. Excellent development & Investment opportunity. 99 year lease at starting ground rent of £50,000 p/a and guide price of £1,250,000 or would consider JV.

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