Time advise on Worcester acquisition

Acting on behalf of a privately owned property company, Time Retail Partners have advised on the purchase of City Arcade in Worcester for £4 million.

The property benefits from prominent frontage on the pedestrianised High Street and The Shambles and provides a total of 24,000 sq ft across 6 retail units. Let to Waterstones, Savers, Co-operative Travel, Clarks and CEX, the total net operating income is £380,154 pax.