An investor has bought a Worcester city centre development site, with the site earmarked for retail use and six new apartments.
Harris Lamb oversaw the sale of the 0.13-acre Silver Street site on behalf of Carillion Richardson to local developer Khalid Hussein.
A figure close to the guide price of £400,000 subject to contract was achieved for the site.
Jacqui Bayliss of Harris Lamb’s Worcester office said: “Mr Hussein recognised this as a key redevelopment opportunity in the heart of the city centre.
“The site occupies a prime spot, being within walking distance of both Foregate Street and Shrub Hill railway stations, the bus station at Crowngate Shopping Centre and the city centre campus of Worcester University. It also adjoins the recently completed St Martin’s Quarter Retail Scheme and its amenities.
“Moreover, it benefits from extant planning consent for a ground floor retail unit and six apartments on the upper floors – four being earmarked as two-bed properties and two as three-bed. This permission, combined with the superb access links and central position make it a prime site for redevelopment.”
Jacqui added: We are delighted to have overseen this sale, which will further aid the regeneration of Worcester, and we await the site’s future with interest.”