News

Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon has sold the freehold investment in a Worcester bank building.

Acting on behalf of a private investor, Mike Pritchard, commercial negotiator at GJS Dillon, sold Lloyds Bank, New Road, St Johns, Worcester, WR2 4BL, to Whitehorse Estates acting for private clients for £420,000.

The Lloyds Bank branch has a total of 2,806 sq ft internal office and storage space on a total site area of approximately 0.2 acres.

The St Johns area of Worcester is one mile to the west of Worcester city centre and has a neighbourhood retail area with local traders and several multi-nationals, as well as being a popular area for apartments and private residential dwellings.

“With two years remaining on the lease to Lloyds Bank plc, the purchase represents either a solid investment or a potential future redevelopment opportunity on a gateway site to the neighbourhood shopping area of the St John’s,” says Mr Pritchard.

Further information about Worcester commercial property for sale is available from Mike Pritchard on tel. 01905 676169 or via www.gjsdillon.co.uk

GJS Dillon is the largest firm of Chartered Surveyors headquartered in Worcestershire.  It offers a comprehensive commercial property service, including commercial agency, acquisition and business relocation, commercial property management, valuations, building consultancy and landlord and tenant rent reviews, and unrivalled geographical coverage, throughout Worcestershire and along the M5 and A38 corridors.

Picture caption: Lloyds Bank, St John, Worcester.