111-112 High Street, Stourbridge, DY8 1EE
Loungers PLC Investment with Car Park Income and Consented Residential Conversion Opportunity – For Sale – Freehold
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approx. 0.45 acres
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Town centre Freehold mixed-use investment |
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Let to Loungers PLC with 10.75 years unexpired |
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Consented residential development opportunity to convert upper floors to 9 residential apartments, with further consent for up to 9 units. |
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Additional income from car park managed by Euro Car Parks. |
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Generating £64,630 in 2024. |
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Occupiers in the vicinity include Coffee #1, B&M, Home Bargains, TH Baker, Specsavers and Greggs. |
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Other major occupiers represented in Stourbridge include Waitrose, Tesco, Iceland and Aldi. |
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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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Find out more
For more details and to arrange a viewing
contact our specialist agents: |
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