Retail premises for sale in 111-112 High Street, Stourbridge, Stourbridge DY8
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Property description
Loungers plc Investment with Car Park Income and Consented Residential Conversion Opportunity – For Sale – Freehold
Town centre Freehold mixed-use investment
Let to Loungers plc with 10.75 years unexpired
Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units.
Additional income from car park managed by Euro Car Parks
Generating £64,630 in 2024.
Occupiers in the vicinity include Coffee #1, B&M, Home Bargains, th Baker, Specsavers and Greggs
Other major occupiers represented in Stourbridge include Waitrose, Tesco, Iceland and Aldi.
Guide price £1,250,000 plus VAT which reflects a net initial yield of 6.82% on the commercial income, plus £350,000 for the residential element
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
FHP, NG1 on +44 115 774 9117 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by FHP, and do not constitute property particulars. Please contact FHP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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