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Turners Ln 4,259 sq ft 100% Let Retail Property Brierley Hill DY5 2PG £700,000 (£164.36/sq ft) 6.38% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Established residential housing estate
- Excellent road communications
- Close to Brierley Hill Town Centre
EXECUTIVE SUMMARY
The property comprises a 2 storey building of brick construction with pitched tiled roof plus extension with flat roof. The property has tarmacadamed forecourt parking with additional loading bay yard area to the rear via side drive access.
The property is to be sold freehold subject to the existing tenancies.
The property is to be sold freehold subject to the existing tenancies.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
4,259 sq ft
Costar Property Class
C
Year Built
1980
Price
£700,000
Price per sq ft
£164.36
Yield
6.38%
NOI
£44,660
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.30
Total Plot Size
0.33 ac
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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Turners Ln
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