313 High St | West Bromwich B70 8LP
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313 High St
West Bromwich B70 8LP
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Substantial Freehold 2-storey corner property
- Separate first floor offices let to law firm
- Offers based on £900,000, equating to a NIY of 7.15%
- Ground floor let to Barclays Bank PLC
- Fully let producing £68,000 per annum
EXECUTIVE SUMMARY
The property comprises a substantial ground floor banking hall with separate self-contained offices above. The first floor benefits from a separate ground floor entrance directly off the High Street. Offers in the region of £900,000 are sought for the Freehold interest, subject to the existing tenancies, equating to a net initial yield of 7.15%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
8,692 SF
Year Built
1820
Price
$1,131,660
Price Per SF
$130
Cap Rate
7.15%
NOI
$80,914
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
82 FT on High St
AMENITIES
- Bus Line
1 of 7
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