1 Ferrie Grv 25,732 SF Retail Building Brownhills WS8 6EB $5,508,362 ($214.07/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully refurbished in 2021 by the tenant
- Located in the town of Brownhills, north of Birmingham
- Prominent position fronting a busy roundabout on the A452, adjacent to an Aldi and Tesco Superstore.
EXECUTIVE SUMMARY
The property comprises a purpose built, single storey retail warehouse unit of steel portal frame construction with a brick façade beneath a pitched steel roof, which totals approximately 25,732 sq ft (2,390.58 sq m). To the west and south of the unit is an external garden centre of approximately 3,672 sq ft (341.14 sq m), along with a secure external storage and loading area. Internally, the property provides a main retail sales floor area alongside loading and storage provision, staff areas, management office and toilet facilities. The store underwent an internal and external refurbishment in 2021. Fronting the property is a customer cark providing approximately 150 parking spaces (1:172 sq ft).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
25,732 SF
Building Class
B
Year Built
1990
Price
$5,508,362
Price Per SF
$214.07
Cap Rate
7%
NOI
$385,585
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
3.94 AC
Parking
120 Spaces (4.66 Spaces per 1,000 SF Leased)
Frontage
219’ on Ferrie Grv
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Matthew Brown -
Charles Watson -
Lewis Ellis LLP
