34-38 High St 6,827 SF 100% Leased Retail Building Solihull B91 3TB $1,591,976 ($233.19/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Well-known high street location
- Easy transport links to Birmingham City Centre
- Excellent road connectivity
EXECUTIVE SUMMARY
The premises comprise a high street freehold property measuring 6245 (GIA) which is LET on a long lease until March 2033.
Offers are invited for our Clients freehold interest in excess of £1,200,000 (One Million, and Two Hundred Thousand Pounds). An acquisition at this level would reflect a gross yield of 7.1% at a capital value of £192.18 per square foot.
Offers are invited for our Clients freehold interest in excess of £1,200,000 (One Million, and Two Hundred Thousand Pounds). An acquisition at this level would reflect a gross yield of 7.1% at a capital value of £192.18 per square foot.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
6,827 SF
Building Class
B
Year Built
1965
Price
$1,591,976
Price Per SF
$233.19
Cap Rate
7.10%
NOI
$113,030
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.74
Lot Size
0.09 AC
Frontage
31’ on High St
AMENITIES
- Energy Performance Rating - E
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Andrew McFarlane Holt -
Pru Singh -
Wells McFarlane
