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111-112 High St
Stourbridge DY8 1EE

Retail Property For Sale

Storefront Properties West Midlands Stourbridge 111-112 High St, Stourbridge, WMD DY8 1EE

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
16,641 SF
Building Class
B
Year Built
1971
Price
£1,250,000
Price Per SF
£75
Net Initial Yield
6.82%
NOI
£85,250
Percent Leased
35%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.73
Lot Size
0.14 AC
Parking
20 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
35 ft on High St

Amenities

  • Storage Space
  • Air Conditioning
 

  • Listing ID: 32812963

  • Date on Market: 15/08/2024

  • Last Updated:

  • Address: 111-112 High St, Stourbridge DY8 1EE

The Retail Property at 111-112 High St, Stourbridge, DY8 1EE is currently available for sale. Contact FHP Property Consultants for more information.

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