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1 High St 22,000 sq ft 100% Let Retail Property Kidderminster DY10 2DJ £1,400,000 (£63.64/sq ft) 8.36% Net Initial Yield
Investment Highlights
- Good road connections
- High footfall area
- Amenities nearby
Executive Summary
The property comprises a former department store arranged over ground, first and second floors built in the early 1970s of concrete frame construction with full height, glazing on all retail frontages.
The property consists of a ground floor retail unit with substantial upper floors. The property fronts the high street and also has a loading door accessed from Crown Lane, to the rear.
The property has been split with the majority occupied by BHF and the remainder operated as a restaurant/takeaway.
The property consists of a ground floor retail unit with substantial upper floors. The property fronts the high street and also has a loading door accessed from Crown Lane, to the rear.
The property has been split with the majority occupied by BHF and the remainder operated as a restaurant/takeaway.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
22,000 sq ft
Costar Property Class
B
Year Built
1960
Price
£1,400,000
Price per sq ft
£63.64
Yield
8.36%
NOI
£117,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Frontage
48 ft on High Street
Amenities
- 24 Hour Access
- Security System
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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Photos
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1 High St
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