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
