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1 High St 22,000 SF 100% Leased Retail Building Kidderminster DY10 2DJ $1,892,240 ($86.01/SF) 8.36% Cap Rate
Investment Highlights
- Good road connections
- High footfall area
- Amenities nearby
Executive Summary
The property comprises a former department store arranged over ground, first and second floors built in the early 1970s of concrete frame construction with full height, glazing on all retail frontages.
The property consists of a ground floor retail unit with substantial upper floors. The property fronts the high street and also has a loading door accessed from Crown Lane, to the rear.
The property has been split with the majority occupied by BHF and the remainder operated as a restaurant/takeaway.
The property consists of a ground floor retail unit with substantial upper floors. The property fronts the high street and also has a loading door accessed from Crown Lane, to the rear.
The property has been split with the majority occupied by BHF and the remainder operated as a restaurant/takeaway.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
22,000 SF
Building Class
B
Year Built
1960
Price
$1,892,240
Price Per SF
$86.01
Cap Rate
8.36%
NOI
$158,137
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Frontage
48’ on High Street
Amenities
- 24 Hour Access
- Security System
- Storage Space
1 1
Nearby Major Retailers
1 of 3
Videos
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1 High St
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