Guide price
£425,000
(£77.39/sq. ft)
Retail premises for saleBroad Street, Worcester WR1
4,979 sq. ft
About this property
Prominent location within Worcester city centre
Approved planning permission for residential and commercial mixed use
Potential for additional conversion opportunities (STPP)
Freehold sale with vacant possession
A substantial freehold investment opportunity split over three floors, plus basement storage, and occupying a prominent position on Broad Street in the heart of Worcester city centre.
This Grade II listed property is offered for sale with vacant possession and presents the opportunity to create a versatile mixed-use investment, with the potential for a ground floor commercial unit with residential apartments above.
19 Broad Street offers an exciting opportunity for investors, developers and owner-occupiers, comprising a spacious ground floor retail premises with two further floors that offer considerable potential for residential conversion, subject to the necessary planning permissions and consents. Notably the premises already benefits from an existing planning permission to convert the second floor to a residential flat and the permission covers associated alterations to the frontage and access (planning ref:24/00544/ful dated 17 July 2025). The appropriate listed building consent has also been secured.
The Property
This sizeable and versatile retail premises offers flexible accommodation which had previously been occupied by the well-established Knowles Sports.
Extending to some 4,979 square feet, the property has already undergone considerable refurbishment works, including the partial creation of a number of individual rooms, and could lend itself to a range of commercial uses. Extensive roof renovations were also completed last year.
The existing layout may be particularly suitable for conversion into a dental practice (or similar), subject to the relevant consents and any additional works required. Alternatively, the premises could be reconfigured to create a more open-plan retail environment, benefiting from a generous shopfront and good levels of natural light.
The first and second floors provide excellent additional space and scope for redevelopment. These areas could potentially be incorporated into the commercial accommodation or converted into separate residential apartments (STPP). As noted above, planning permission has already approved for residential use on the second floor (planning ref:24/00545/ful).
Investment Potential
The property offers the opportunity to create a diverse income-producing asset comprising commercial and residential accommodation. If planning permission were sought to increase the number of apartments within the upper floors, the property could offer an attractive combined rental income in the region of £50,000 per annum (based on the potential creation of three one-bedroom apartments) subject to planning, configuration, size, specification and prevailing market conditions.
Location
Broad Street is situated in a prominent and highly accessible position within Worcester city centre, benefiting from a vibrant mix of independent businesses, established retailers, historic architecture and modern amenities.
The property is well positioned for access to the city's extensive range of shops, cafés, restaurants, professional services and leisure facilities. The surrounding area also benefits from a strong residential presence, making the location attractive for both commercial and residential investment.
Tenure & Possession
The property is offered freehold with vacant possession and is available with no onward chain. The vendor will also consider interest from prospective tenants seeking to let the whole of the premises.
Guide Price
£425,000
Planning
The upper floors offer potential for residential conversion, subject to obtaining the necessary planning permission, building regulations approval and any other relevant consents. The property has undergone full roof renovations, and planning for residential has been approved (along with planning permission for an internal staircase to connect all floors to the street) alongside relevant listed building consents.
Value Added Tax
It is understood that the property is elected for VAT. All sums are quoted exclusive of VAT.
Energy Performance
The ground floor has an EPC rating of C (64). Prospective purchasers should make their own enquiries regarding the energy performance requirements applicable to any proposed change of use or residential conversion.
Business Rates & Council Tax
Prospective purchasers should rely on their own enquiries with the Valuation Office Agency and the relevant local authority regarding business rates, council tax and any applicable liabilities.
Costs
Each party is to be responsible for its own legal costs.
Viewing
All viewings are strictly by prior arrangement with the selling agent.
Important Information: These particulars are provided for guidance only and do not constitute part of any offer or contract. All measurements, descriptions, rental figures and development potential are approximate and subject to verification. The agent accepts no responsibility for their accuracy. Prospective purchasers must satisfy themselves through their own inspections, surveys and professional enquiries, particularly in relation to planning, building regulations, structural condition, services, accommodation and rental potential.
This Grade II listed property is offered for sale with vacant possession and presents the opportunity to create a versatile mixed-use investment, with the potential for a ground floor commercial unit with residential apartments above.
19 Broad Street offers an exciting opportunity for investors, developers and owner-occupiers, comprising a spacious ground floor retail premises with two further floors that offer considerable potential for residential conversion, subject to the necessary planning permissions and consents. Notably the premises already benefits from an existing planning permission to convert the second floor to a residential flat and the permission covers associated alterations to the frontage and access (planning ref:24/00544/ful dated 17 July 2025). The appropriate listed building consent has also been secured.
The Property
This sizeable and versatile retail premises offers flexible accommodation which had previously been occupied by the well-established Knowles Sports.
Extending to some 4,979 square feet, the property has already undergone considerable refurbishment works, including the partial creation of a number of individual rooms, and could lend itself to a range of commercial uses. Extensive roof renovations were also completed last year.
The existing layout may be particularly suitable for conversion into a dental practice (or similar), subject to the relevant consents and any additional works required. Alternatively, the premises could be reconfigured to create a more open-plan retail environment, benefiting from a generous shopfront and good levels of natural light.
The first and second floors provide excellent additional space and scope for redevelopment. These areas could potentially be incorporated into the commercial accommodation or converted into separate residential apartments (STPP). As noted above, planning permission has already approved for residential use on the second floor (planning ref:24/00545/ful).
Investment Potential
The property offers the opportunity to create a diverse income-producing asset comprising commercial and residential accommodation. If planning permission were sought to increase the number of apartments within the upper floors, the property could offer an attractive combined rental income in the region of £50,000 per annum (based on the potential creation of three one-bedroom apartments) subject to planning, configuration, size, specification and prevailing market conditions.
Location
Broad Street is situated in a prominent and highly accessible position within Worcester city centre, benefiting from a vibrant mix of independent businesses, established retailers, historic architecture and modern amenities.
The property is well positioned for access to the city's extensive range of shops, cafés, restaurants, professional services and leisure facilities. The surrounding area also benefits from a strong residential presence, making the location attractive for both commercial and residential investment.
Tenure & Possession
The property is offered freehold with vacant possession and is available with no onward chain. The vendor will also consider interest from prospective tenants seeking to let the whole of the premises.
Guide Price
£425,000
Planning
The upper floors offer potential for residential conversion, subject to obtaining the necessary planning permission, building regulations approval and any other relevant consents. The property has undergone full roof renovations, and planning for residential has been approved (along with planning permission for an internal staircase to connect all floors to the street) alongside relevant listed building consents.
Value Added Tax
It is understood that the property is elected for VAT. All sums are quoted exclusive of VAT.
Energy Performance
The ground floor has an EPC rating of C (64). Prospective purchasers should make their own enquiries regarding the energy performance requirements applicable to any proposed change of use or residential conversion.
Business Rates & Council Tax
Prospective purchasers should rely on their own enquiries with the Valuation Office Agency and the relevant local authority regarding business rates, council tax and any applicable liabilities.
Costs
Each party is to be responsible for its own legal costs.
Viewing
All viewings are strictly by prior arrangement with the selling agent.
Important Information: These particulars are provided for guidance only and do not constitute part of any offer or contract. All measurements, descriptions, rental figures and development potential are approximate and subject to verification. The agent accepts no responsibility for their accuracy. Prospective purchasers must satisfy themselves through their own inspections, surveys and professional enquiries, particularly in relation to planning, building regulations, structural condition, services, accommodation and rental potential.
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