Log In/Sign Up
Your email has been sent.
46 High St 10,972 SF 100% Leased Retail Building Dudley DY1 1PN $738,315 ($67.29/SF) 10% Cap Rate
Investment Highlights
- Town centre
- Excellent visibility
- Strong footfall
Executive Summary
The freehold interest is to be sold subject to the existing tenancies.
Basement & Ground Floor: Let to CeX (Franchising) Ltd on a 10-year lease from November 2024, with a current passing rent of £30,000 per annum. There is a rent review and break date in November 2029.
First & Second Floor: Let to Barclays Bank PLC on a renewal lease, expiring April 2027, with a current passing rent of £25,000 per annum. Barclays have been in occupation since 1988 and recently entered into a new lease that is concurrent with their lease for the adjacent property.
Basement & Ground Floor: Let to CeX (Franchising) Ltd on a 10-year lease from November 2024, with a current passing rent of £30,000 per annum. There is a rent review and break date in November 2029.
First & Second Floor: Let to Barclays Bank PLC on a renewal lease, expiring April 2027, with a current passing rent of £25,000 per annum. Barclays have been in occupation since 1988 and recently entered into a new lease that is concurrent with their lease for the adjacent property.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
10,972 SF
Building Class
B
Year Built
1967
Price
$738,315
Price Per SF
$67.29
Cap Rate
10%
NOI
$73,831
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.48
Lot Size
0.17 AC
Frontage
33’ on High Street
Amenities
- Security System
- Signage
- Storage Space
1 1
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
46 High St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.