Marketed by
FHP
Nottingham
10 Oxford St, Nottingham NG1 5BH, UK
Available
1 of 7
£1,250,000
111-112 High Street, Stourbridge, Stourbridge, West Midlands, DY8 1EE
19600 sq. ft (1820.9 m²)
Description
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- Town centre Freehold mixed-use investment
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- Let to Loungers PLC with 10.75 years unexpired
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- Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.
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- Additional income from car park managed by Euro Car Parks.
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- Generating £64,630 in 2024.
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- Occupiers in the vicinity include Coffee #1, B&M, Home Bargains, TH Baker, Specsavers and Greggs.
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- Other major occupiers represented in Stourbridge include Waitrose, Tesco, Iceland and Aldi.
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- 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
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Reference: 76853
Download Sales Details
Marketed by
FHP
Nottingham
10 Oxford St, Nottingham NG1 5BH, UK
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