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B&Q Green St 150,575 sq ft Retail Property Kidderminster DY10 1AX £17,000,000 (£112.90/sq ft)
Investment Highlights
- 10.58 acre prominent retail site
- Strong road access via Ringway
- 574 car parking spaces
Executive Summary
The property comprises a prominent freehold retail warehouse investment let to B&Q Limited, located within an established retail corridor in Kidderminster. The asset extends to approximately 103,400 sq ft, set on a substantial 10.58-acre site with additional garden centre and external storage areas. The tenant benefits from a lease expiring in September 2036, providing over 10 years of income with a reversionary uplift in September 2026. The property generates a current passing rent of £1.30 million per annum, rebasing to £1.14 million per annum, reflecting £11.00 per sq ft. Offers are sought in excess of £17 million, reflecting an attractive net initial yield of 6.27%.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
150,575 sq ft
Costar Property Class
B
Year Built
2000
Price
£17,000,000
Price per sq ft
£112.90
Tenancy
Single
Number of Floors
2
Parking
308 Spaces (2.04 Spaces per 1,000 sq ft Leased)
Frontage
508 ft on Green Street
Amenities
- Fenced Lot
- Security System
- Storage Space
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Nearby Major Retailers
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B&Q | Green St
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