111-112 High Street, Stourbridge, DY8 1EE

Property Information

• 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

Reference No: 10880