HARRIS LAMB SELLS CITY CENTRE BUILDING TO WORCESTER MUNICIPAL CHARITIES

Harris Lamb has sold a prime three-storey building in Worcester city centre to a charitable organisation.

The property, 59-60 The Tything, proved an attractive proposition for interested buyers, with the agent eventually inviting final bids before agreeing a sale for in excess of the asking price.

The successful buyer, Worcester Municipal Charities, will use the property as a charity shop, with the upper floors being used for living accommodation.

Steve Fisher, of Harris Lamb’s Agency team, oversaw the deal, and said: “We were confident that this instruction would generate interest from the market, due to its prominent location and being a freehold opportunity with potential for added value via reconfiguration of the upper floors”.

The Tything is a prominent, popular row of attractive retail units with substantial parking located behind. As a sizeable property – 3,325 sq ft – with accommodation above, it was going to be a desirable location for many retailers.

“As we’d expected, we received a lot of interest which led to us inviting best bids on the property. Worcester Municipal Charities were successful in their bid, and the exchange and completion took place within three months of the building being brought to the market.” he added.

Worcester Municipal Charities aims to provide financial support, housing, education and other services to Worcester residents suffering hardship or distress.