Former Malvern furniture store to become creative business hub

Summarised from 2 outlets · Updated 2 Nov, 06:02 · Archive

A Worcestershire developer has bought a former furniture store in Malvern Link for £435,000 to convert it into The Townhouse, a centre for creative and wellness businesses.

Asper Property Group, a Worcestershire-based developer, has purchased a 7,057 sq ft building at 275 Worcester Road in Malvern Link for £435,000. The former furniture store, previously occupied by Francis of Malvern, will be converted into The Townhouse, a design-led centre for creative and wellness businesses.

The development will feature 11 offices, studios and treatment rooms alongside two retail units. Charlie London, founder and managing director of Asper, said the three-storey detached property offered 'an excellent canvas for transformation'. The conversion will take nine months and all units will be available to rent. When fully let, the offices have an estimated gross rental value of £110,000.

London described The Townhouse as 'a carefully converted destination offering a range of flexible unit types for creative, design and wellbeing-led businesses' with 'high-quality finishes throughout, and views that few Midlands workspaces can match'. Commercial agents Bulleys have been instructed to market the completed centre. A coach house at the rear of the property has also been refurbished and will be offered for freehold sale for offers in excess of £225,000.

How it is being reported

• Plans to convert furniture store into 'The Townhouse' after £435k investmentWorcestershire-based Asper Property Group has purchased the 7,057 sq ft building at 275 Worcester Road in Malvern Link for £435,000Worcester News · 2 Nov, 05:00
• Plans to convert furniture store into 'The Townhouse' after £435k investmentWorcestershire-based Asper Property Group has purchased the 7,057 sq ft building at 275 Worcester Road in Malvern Link for £435,000Malvern Gazette · 2 Nov, 05:00

In this story: Asper Property Group · Worcester Road · Malvern Link · Charlie London · Francis of Malvern · Bulleys · Worcestershire

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