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111-112 High St 16,641 sq ft 100% Let Retail Property Stourbridge DY8 1EE £1,250,000 (£75.12/sq ft) 6.82% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Town centre Freehold mixed-use investment
- Additional income from car park managed by Euro Car Parks
- Sitting on a plot of approx. 0.45 acres
EXECUTIVE SUMMARY
Offers are sought in the region of:- £1,250,000 which reflects a net initial yield of:- 6.82%
Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.
Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
16,641 sq ft
Costar Property Class
B
Year Built
1971
Price
£1,250,000
Price per sq ft
£75.12
Yield
6.82%
NOI
£85,250
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.59
Total Plot Size
0.24 ac
Parking
20 Spaces (1.2 Spaces per 1,000 sq ft Leased)
Frontage
35 ft on High St
AMENITIES
- Storage Space
- Air Conditioning
1 1
NEARBY MAJOR RETAILERS
1 of 9
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111-112 High St
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