Investment for sale

111-112 High Street, Stourbridge, Stourbridge, West Midlands, DY8 1EE
Contact Agent
Call Agent 0115 950 7577
Marketed by
FHP Nottingham
10 Oxford St, Nottingham NG1 5BH, UK
Properties for sale Properties to let
Available
£1,250,000
111-112 High Street, Stourbridge, Stourbridge, West Midlands, DY8 1EE

19600 sq. ft (1820.9 m²)

Contact Agent Call Agent 0115 950 7577

Description


  • Town centre Freehold mixed-use investment

  • Let to Loungers PLC with 10.75 years unexpired

  • Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.

  • Additional income from car park managed by Euro Car Parks.

  • Generating £64,630 in 2024.

  • Occupiers in the vicinity include Coffee #1, B&M, Home Bargains, TH Baker, Specsavers and Greggs.

  • Other major occupiers represented in Stourbridge include Waitrose, Tesco, Iceland and Aldi.

  • Guide price £1,250,000 plus VAT which reflects a net initial yield of 6.82% on the commercial income, plus £350,000 for the residential element

Reference: 76863
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All commercial properties for sale in Stourbridge
Marketed by
FHP Nottingham
10 Oxford St, Nottingham NG1 5BH, UK
Properties for sale Properties to let

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