A LARGE mixed-use property in Kidderminster has been purchased for over £1.5 million in a major investment deal.

Siddall Jones, commercial property consultants, sealed the £1.55 million deal to buy Carlton House for its client Highclear Investments.

The freehold building is made up of eight retail units with 15 flats above.

The property is located in Kidderminster Town Centre with frontages to Oxford Street, Marlbrough Street and Worcester Street.

Ed Siddall-Jones, managing director of Siddall Jones, said: “Market interest in commercial and mixed-use investments is clearly growing and so we were pleased to arrange this significant deal for Highclear Investments.

“Carlton House’s healthy occupancy and rents mean it will make a good return for our client and will add a sizable mixed-use asset to their portfolio.”

The apartments above have recently been refurbished and include a mixture of studio, one-bedroom and two-bedroom accommodation.

The property is nearly fully let at £162,000 per year.