86a Owen St 1,078 SF Retail Building Tipton DY4 8EX £169,999 (£157.70/SF) 6.22% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Prime Trade Location
  • Excellent Transport Links
  • High Footfall Area

EXECUTIVE SUMMARY

A rare opportunity to acquire a freehold mixed-use investment prominently positioned on Owen Street in Tipton, directly opposite Tipton Shopping Centre. This mid-terrace property of traditional masonry construction comprises a ground floor takeaway unit currently let to a well-established Chinese takeaway on a lease until October 2029, generating a rental income of £11,180 per annum. Above, a self-contained two-bedroom flat offers additional potential, currently vacant and ideal for letting or refurbishment. Situated in a busy high street location with strong footfall, this property presents an attractive investment with immediate income and future growth prospects.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,078 SF
Building Class
C
Year Built
1910
Price
£169,999
Price Per SF
£157.70
Net Initial Yield
6.22%
NOI
£10,574
Tenancy
Single
Number of Floors
2
Building FAR
1.50
Lot Size
0.02 AC
Frontage
14 ft on Owen Street

AMENITIES

  • Bus Route
  • Commuter Rail
  • Security System
  • Signage
  • Roller Shutters

NEARBY MAJOR RETAILERS

Nisa
Costcutter
Co-op
Frankie & Benny's
Bella Italia
Chiquito
Farmfoods
Morrisons
Nando's
Pure Gym
  • Listing ID: 35372837

  • Date on Market: 04/04/2025

  • Last Updated:

  • Address: 86a Owen St, Tipton DY4 8EX