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46 High St 10,972 SF 100% Leased Retail Building Dudley DY1 1PN $749,574 ($68.32/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
$749,574
Price Per SF
$68.32
Cap Rate
10%
NOI
$74,957
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
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46 High St
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