498-510 Stratford Rd
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498-510 Stratford Rd
26,662 SF Retail Building Solihull B90 4AY £8,340,000 (£313/SF)
Investment Highlights
- Strategically located with excellent prominence to the A34, the property forms part of a regionally important cluster of retail warehousing
- Onsite parking
- Located close to Birmingham, with easy access to the national motorway network
Executive Summary
The property extends to a total of approximately 26,662 sq ft across two units. The units have separate entrances, trading under different formats of Frasers Group - Sports Direct and Flannels. The site extends to approximately 1.938 acres, with a site cover of approximately 31%. There are 87 car parking spaces arranged to the front and side of the units and a further 18 in the service area.
Freehold offers more than £8,340,000 (Eight Million Three Hundred and Forty Thousand Pounds), for our client’s Freehold interest. This reflects an attractive net initial yield of 7.75% assuming the usual purchaser’s costs.
Rent Passing of £689,768 per annum, equating to £25.87 per sq ft;
Freehold offers more than £8,340,000 (Eight Million Three Hundred and Forty Thousand Pounds), for our client’s Freehold interest. This reflects an attractive net initial yield of 7.75% assuming the usual purchaser’s costs.
Rent Passing of £689,768 per annum, equating to £25.87 per sq ft;
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
26,662 SF
Building Class
B
Year Built
1997
Price
£8,340,000
Price Per SF
£313
Tenancy
Single
Number of Floors
1
Building FAR
0.32
Land Acres
1.94 AC
Parking
105 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
318 ft on Stratford Rd
Amenities
- Bus Route
- Dedicated Turn Lane
- Signage
- Roller Shutters
- Storage Space
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498-510 Stratford Rd
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