£1,250,000
(£63.78/sq. ft)
Retail premises for sale111-112 High Street, Stourbridge, Stourbridge DY8
19,600 sq. ft
About this property
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
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
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Monthly repayment
£6,253 per month
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