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111-112 High St 16,641 SF 100% Leased Retail Building Stourbridge DY8 1EE $1,665,490 ($100.08/SF) 6.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Town centre Freehold mixed-use investment
- Additional income from car park managed by Euro Car Parks
- Sitting on a plot of approx. 0.45 acres
EXECUTIVE SUMMARY
Offers are sought in the region of:- £1,250,000 which reflects a net initial yield of:- 6.82%
Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.
Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
16,641 SF
Building Class
B
Year Built
1971
Price
$1,665,490
Price Per SF
$100.08
Cap Rate
6.82%
NOI
$113,586
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.24 AC
Parking
20 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
35’ on High St
AMENITIES
- Storage Space
- Air Conditioning
1 1
NEARBY MAJOR RETAILERS
1 of 9
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111-112 High St
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