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3 The Cross & Chandlery House 2 Properties Offered at $2,417,886 CAD in Worcester
INVESTMENT HIGHLIGHTS
- Worcester Foregate Street railway station close by
- Landmark city centre property
- Close to A38
EXECUTIVE SUMMARY
A purchase at this level reflects a Net Initial Yield of 6.82% rising to 9.15%, assuming standard purchaser's costs
Planning Permission -
The property has planning permission to create a roof terrace for Café Cadena.
Planning Permission - 20/00239/FUL
The tenant plans to implement this, with the works intended to commence in January 2026.
The tenant will be responsible for creating and funding this roof terrace at a cost of circa £170,000.
3 The Cross -
The front of the property houses Café Cadena, a stylish bar restaurant which has traded since 2019.
The main trading area is on ground floor level, with a first floor room.
It is served by a ground floor trade kitchen and large basement/cellar.
Café Cadena currently only trades Thursday to Sunday.
Chandlery House (1 The Avenue) -
The property extends at three-storey level to the rear and houses five separate
self-contained office suites.
These are accessed from The Avenue.
Planning Permission -
The property has planning permission to create a roof terrace for Café Cadena.
Planning Permission - 20/00239/FUL
The tenant plans to implement this, with the works intended to commence in January 2026.
The tenant will be responsible for creating and funding this roof terrace at a cost of circa £170,000.
3 The Cross -
The front of the property houses Café Cadena, a stylish bar restaurant which has traded since 2019.
The main trading area is on ground floor level, with a first floor room.
It is served by a ground floor trade kitchen and large basement/cellar.
Café Cadena currently only trades Thursday to Sunday.
Chandlery House (1 The Avenue) -
The property extends at three-storey level to the rear and houses five separate
self-contained office suites.
These are accessed from The Avenue.
PROPERTY FACTS
| Price | $2,417,886 CAD | Status | Active |
| Price / SF | $435.97 CAD / SF | Number of Properties | 2 |
| Cap Rate | 6.82% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,546 SF |
| Price | $2,417,886 CAD |
| Price / SF | $435.97 CAD / SF |
| Cap Rate | 6.82% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,546 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
The Cross
1 The Avenue, Worcester WR1 3QA |
Office | 3,707 SF | 1876 | - |
|
Cadena
3 The Cross, Worcester WR1 3PZ |
Retail | 1,839 SF | 1906 | - |
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3 The Cross & Chandlery House
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